Nio to Invest $32.8M Building R&D Labs in Shanghai By Investing.com

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Nio to Invest $32.8M Building R&D Labs in Shanghai

Published May 24, 2022 07:37AM ET Updated May 24, 2022 12:09PM ET

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Nio to Invest $32.8M Building R&D Labs in Shanghai

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By Michael Elkins

A recent report by CnEVPost shows that the electric vehicle company, Nio (NYSE:NIO) is planning to invest $32.8 million to build lithium-ion battery labs and a cell pilot production line in Shanghai.

Citing an environmental assessment report, CnEVPost says that the electric vehicle company will build 31 R&D labs engaged in lithium-ion cell and battery pack research and development as part of a new R&D project in Anting town, Jiading district. Along with the labs, Nio is planning to build a lithium-ion cell pilot line and a battery pack production line.

The report suggests that the "R&D labs will explore the charge and discharge performance, temperature performance, and safety performance of lithium-ion cells and packs under different physical experimental conditions such as temperature, tension, humidity." While the production and battery pack line conducts trial production of lithium-ion cells and battery packs.

"NIO continues to grow in revenue but its expenses continue to pile on. The company's expansion plans will likely also impact profitability in the future, " suggests, Sandeep Rao, a Seeking Alpha analyst on the stock.

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Comments (2)

la popeye May 26, 2022 4:58PM ET

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investing in RD...?...on behavior of batteries.?Not sure the right thing as this is the job of other companies.

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Paulo jorge May 24, 2022 1:58PM ET

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Boa tarde. A Nio Inc sempre vai sair da bolsa de valores dos EUA? Espero que não

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Nio to Invest $32.8M Building R&D Labs in Shanghai

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