Backed by Nio Capital, EV-Tech and Nio will jointly develop products based on Nio's STEM Young high-voltage architecture, with deliveries to the Nio brand and Nio's second brand expected to begin in 2025.
(Image credit: Zhejiang EV-Tech)
Nio (NYSE:NIO) has entered into a strategic collaboration agreement with a local component supplier backed by Nio Capital to co-develop and manufacture components for high-voltage system applications.
Zhejiang EV-Tech Co Ltd, headquartered in Hangzhou, Zhejiang Province, announced today that it signed a strategic cooperation agreement on high voltage system projects with Nio in Shanghai on March 1st. Shanghai is the location of his Nio's global headquarters.
EV-Tech and Nio will jointly develop and produce products based on the electric vehicle (EV) maker's STEM Young high-voltage architecture platform, according to a statement from the parts supplier.
According to a statement, the two companies will collaborate on the development of IPUs (intelligent power units), which will allow core components to be shared between different vehicle models, increasing efficiency and reducing costs in product development. It is said that
EV-Tech said Young IPU products can be adapted to the needs of multi-brand and multi-platform models and will be available under the Nio brand and Nio's second brand starting in 2025.
According to the statement, the two companies will collaborate on exploratory research and joint development of emerging technologies in the field of high-voltage systems.
An image from EV-Tech's statement shows STEM Young looking at the A sample coming off the line.
Notably, EV-Tech was previously a supplier to Nio.
According to the component supplier, EV-Tech has received the Quality Excellence Partner Award from Nio for three consecutive years as a core component supplier that has been working with Nio for many years.
EV-Tech's statement did not provide further information about Nio's models, but references to Nio-branded vehicles appear to refer to the ET9 executive flagship sedan.
Nio announced the ET9 at the Nio Day 2023 event held on December 23, 2023, with pre-orders starting at a price of RMB 800,000 ($111,160), with deliveries starting in the first quarter of 2025 It's a schedule.
The ET9 is built on a 925V ultra-high voltage platform and is Nio's first model built on a >800V platform.
Current high voltage systems for mainstream EVs typically range from 230 to 450 V and are commonly referred to as 400 V systems. The industry is transitioning from 400V platforms to 800V platforms. Systems with a voltage range of 550 to 900 V are called 800 V high voltage systems.
Higher voltages increase charging speeds and reduce vehicle energy consumption, but place higher demands on component insulation.
EV-Tech was founded in August 2011 and specializes in the development and manufacturing of high voltage component products and is a leading supplier of on-board chargers and on-board DC/DC converters in China.
According to the company's website, EV-Tech currently has more than 1,600 employees and a research and development center and manufacturing facility in Hangzhou.
Nio Capital invested in EV-Tech in 2017, and EV-Tech's products are used in Nio's ES and ET product lines, as well as products such as GAC Aion and Great Wall Motors' Ora brand.
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