NIO Qin Lihong: Whether you like it or not, new energy vehicles must face the issue of battery life.

On June 14, Qin Lihong, co-founder and president of NIO, said at the 16th China Automobile Blue Book Forum that battery life is one of the challenges that the new energy vehicle industry will face in the future. "The electric vehicle industry is in the ascendant and is in the early stages of rapid development. It may be difficult for us to foresee the challenges we will face in the future. It may not be pleasant to talk about this, just like talking about the issue of aging in a society full of young people. But. It will definitely come, whether everyone likes it or not, the trend is there," Qin Lihong said.

Qin Lihong said that the warranty period for new energy vehicle power batteries is 8 years. From 2025 to 2032, the battery warranty of nearly 20 million new energy vehicles will expire. If the average cost is 80,000 yuan, In terms of battery replacement, 20 million consumers will have to pay a cost of about 1.2 trillion yuan. "This is a near-term concern that will come soon." Qin Lihong said that it is urgent to solve the problem of battery life.

However, thanks to the rechargeable, replaceable and upgradeable energy service system, NIO users do not need to worry about battery life. Qin Lihong said that battery replacement is equivalent to providing every NIO user with a lifetime battery warranty. "Suppose a user never replaces the battery, and after 7 years and 364 days, he goes to the NIO battery replacement station to replace a battery, and his battery life is extended. Therefore, the battery is eternal for NIO car owners."

Qin Lihong said that battery life cycle management is NIO’s business and will not let users bear the cost of battery aging. "We need to use technology to absorb it, use services to absorb it, and use business models to resolve it." It is reported that NIO is extending the service life of batteries through the intrinsic R&D and operational innovation of batteries. NIO has also established It has developed a unique business model - "Battery Rental Service", which further transfers the issue of battery life from individual users to NIO. "When the battery life cycle is over, we will replace the battery with a new one, and users can just use it. This is the ultimate solution." Qin Lihong said.

Qin Lihong also said that the battery life problem cannot be solved by Weilai or any single company. It must require the cooperation of the industry. He called on more industry partners to join this camp and contribute to the entire society and society. Provide better solutions for individual users.

Currently, many car companies such as Changan, Geely, JAC, Chery, Lotus, GAC, and FAW have reached cooperation with NIO in the field of battery swapping; Sinopec, CNOOC, Shell, State Grid, Energy and power companies such as China Southern Power Grid and Anhui Energy Group have also cooperated with NIO in power exchange. On June 13, NIO’s first batch of fourth-generation power swap stations were officially launched, which will support independent power swaps for multiple brands and models.

"It is better to take action than to sit and talk." Qin Lihong said that all businesses should be action-oriented, and the entire industry should start from one long-term challenge after another to build a more secure and better environment for the majority of users. The full experience will create a more stable and benign development environment for the entire industry, and prove to the world that Chinese automobiles can not only "roll" in the present, but also plan for the future.

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