Chinese EV maker NIO plans to use in-house developed battery packs by H2 2024

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NIO’s battery strategy entails using in-house as well as externally sourced battery packs in the long run

Chinese electric carmaker NIO plans to start using its in-house developed high-voltage battery packs in its EVs from 2024 as part of its larger corporate strategy to drive profitability and competitiveness, according to a news report published by Reuters on 10 June 2022.

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