Benzinga

Nio’s New ET7 Sedan Could Include Low-Cost Lithium Iron Phosphate Battery: Report

Nio, Inc. (NYSE: NIO) unveiled its all-new ET7 sedan at its Nio Day event in early January, and deliveries of the EV maker’s first-ever sedan will likely begin in the first quarter of 2022. What Happened: Nio could release a version of the ET7 with low-cost lithium iron phosphate, or LFP, batteries, as opposed to the ternary lithium-ion batteries it now uses, the CnEVPost reported, citing information released by China’s Ministry of Industry and Information Technology. The ET7 was included in MII

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