NIO's new brand Ledo has been revealed to have selected three major battery giants. BYD, CATL and China Innovation Aviation have jointly supplied the products.

News on May 7, Reuters recently released news that Chinese electric car manufacturer NIO has reached a cooperation agreement with BYD, and the latter will become the battery supplier of NIO’s new brand Ledo Automobile. At the same time, CATL and China New Aviation have also joined this cooperation lineup to jointly provide power batteries for Ledo Automobile.

According to the division of labor in the agreement, China New Aviation will focus on providing large-capacity battery packs, while BYD will join forces with CATL to supply small-capacity battery packs for the new Ledo cars. This cooperative dynamic will undoubtedly have a profound impact on the electric vehicle industry.

In the first three months of this year, data released by the Domestic Power Battery Industry Innovation Alliance shows that CATL, BYD and China New Aviation have become the top three power battery suppliers in the world. Among them, CATL ranks first in vehicle loading volume, with a market share of 48.93%. BYD followed closely, with an installed capacity of 18.44GWh and a market share of 21.84%. China New Aviation ranked third with an installed capacity of 5.19GWh, accounting for 6.15% of the market share. These three companies together occupy more than 76% of the market share, demonstrating China's strong strength in the global power battery field.

NIO has high hopes for the new brand Ledao. Its brand name means "family happiness and good housekeeping" and focuses on the family user market. Ledo brand models will be equipped with advanced intelligent driving assistance systems and in-vehicle interconnection technology to provide users with a more convenient and intelligent driving experience.

Qin Lihong, President of NIO, once revealed that Ledo is not positioned as a mid-to-low-end brand, but towards a broader mainstream market. This strategy shows NIO’s keen insight into market trends and its ambition. Ledo Auto not only provides AC slow charging interfaces, but also supports 800-volt platforms and can share resources with NIO brand power swap stations, but it is limited to third- and fourth-generation power swap stations.

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