[자이앤트] Introducing Nio’s’Dream Battery’… Soaring popularity among Seohak ants

[자이앤트] Introducing Nio’s’Dream Battery’… Soaring popularity among Seohak ants

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Investors are drawing attention to the results of the’NIO Day’ held on the 9th by NIO, an electric car company called’Tesla’ in China. Nio, along with Tesla, is a sport that has recently become popular among Seohak ants. Nio’s stock price, listed on the New York Exchange in 2018, started at $4.02 last year and ended at $58.92 on the 8th, up 1365%. The market capitalization exceeded 100 trillion won (about $ 91.8 billion), attracting attention as the second Tesla among investors.

According to the financial investment industry on the 11th, Nio held Nioday in Chengdu, China on the 9th and unveiled the new flagship sedan ET7, a competitive model for Tesla Model S. Investors’ interest was focused on the new battery technology brought up by William Lee Nio’s founder and CEO rather than ET7 itself. At this event, he introduced a 150㎾h battery pack that can run over 1000km per charge according to the European Fuel Economy Measurement Standard (NEDC). Nio announced that from the fourth quarter of next year, the all-solid-state battery pack technology called’dream battery’ will be applied to the high-end ET7 specifications.

All-solid-state batteries have longer driving distances and can significantly shorten charging times than conventional lithium-ion batteries. Ahead of’Tesla Battery Day’ in September of last year, investors expected Tesla CEO Elon Musk to come out with an all-solid-state battery, but he came out with a battery own production and price reduction card.

The problem is the price. The selling price of ET7 and the stock price are burdensome. The price of a model equipped with a basic 70㎾h battery is about $70,000. It is also a burden that Tesla lowered its model Y sales price in China by 30% from the beginning of this month.

There are also many opinions that the stock price has risen too much compared to the valuation. Earlier last month, Goldman Sachs raised its Nio target price from $7.7 to $59, but it has already reached that target. However, it is a positive sign that Bailey Gifford, a global asset management company, expects the Nio market cap to reach $300 billion by 2030. Bailey Gifford was famous as the institution that held the largest stake in Tesla.

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