The EV maker NIO announced on Friday that will increase ET7 prices by ￥10,000 ($1,474) starting from May 23. Users who pay the deposit before May 22 (inclusive) and pick up the car within 2022 can still purchase at the price before this adjustment, the company said.
On April 10, NIO confirmed the first rise in its prices for the older models starting on May 10 due to “the continued sharp increase in global raw material prices this year”. Since the beginning of the year, almost every automaker hiked the prices to be able to maintain the margins. NIO’s ES8, ES6 and EC6 models will increase ￥10,000 .
The charging giant Plugsurfing announced on Thursday that will complement NIO’s existing emobility offerings, including fast chargers and battery swap technology for NIO drivers. The company said that NIO’s vehicle central control and NIO App will be connected to Plugsurfing’s Norwegian charging network API. The integration was available to NIO drivers in Norway beginning Tuesday May 10 and is expected to expand to other European countries as NIO expansion continues.
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Onsemi announced on Thursday that NIO have chosen its latest VE-Trac Direct SiC power modules for the next-generation electric vehicles. The silicon carbide (SiC)-based power modules enable the vehicles to have longer range, higher efficiency and faster acceleration. The collaboration of the two companies is expediting the commercialization of SiC technologies to bring EVs equipped with advanced semiconductor material to the market, Onsemi said.
The Bavarian business promotion agency “Invest in Bavaria” held recently an event counting with the presence of many companies developing its business in the region. NIO Europe Vice-President Hui Zhang was representing the EV maker saying: “Very soon, we’ll be rolling out our vehicles and game-changing Power Swap Stations and Battery-as-a-Service (BaaS) in Germany. It’s a hugely exciting time”.
Earlier this week, NIO announced that it expects its Class A ordinary shares to be listed and commence trading on the Main Board of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on May 20, 2022.