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<blockquote data-quote="Weather Man" data-source="post: 16619411" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3695024-renault-makes-a-key-ev-decision-to-battery-swap-or-not" target="_blank">Renault makes a key EV decision: To battery swap or not</a></p><ul> <li data-xf-list-type="ul">As it looks to deepen its presence in the electric car market, Renault (<a href="https://seekingalpha.com/symbol/RNSDF" target="_blank">OTC:RNSDF</a>) is considering introducing battery-swapping capabilities, which would significantly cut waiting times at recharging stations. "It's not decided, but I see it as an interesting opportunity," CEO Luca de Meo <a href="https://www.ft.com/content/cac5c438-900a-46ee-9564-43aa905db4b6" target="_blank">told</a> the <em>FT</em>. "We need to find a pragmatic solution, but from a business point of view, there's a point separating the battery from the car." The French automaker is part of the Renault-Nissan-Mitsubishi Alliance, which is one of the biggest car manufacturers in the world and a leader in EVs (think the pioneering Leaf and best-selling Zoe).</li> <li data-xf-list-type="ul"><em>Backdrop:</em> Interestingly enough, Renault was once a trailblazer in battery swapping technology for electric vehicles. Starting in 2010, the carmaker became the primary partner for Better Place, an Israeli startup that hoped to revolutionize the e-mobility industry. The company initially set up shop in Israel, Denmark and Hawaii, but was plagued by financial difficulties and mismanagement, and eventually went bankrupt in 2013.</li> <li data-xf-list-type="ul">Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) also began conducting its own battery swapping trials in 2013, but it dropped the project a few years later as consumers increasingly expressed interest in its Supercharger network. While the process seems simple, making a business out of swapping is a bit complicated. Batteries are the single most expensive component in any EV, but they're still in a rapid stage of development and manufacturers have been reluctant to standardize anything. In fact, at Tesla's Battery Day event last September, the EV maker said it plans to integrate batteries into structural elements of future cars, comparing them to the fuel tanks located within the wings of an airplane.</li> <li data-xf-list-type="ul"><strong>Enter NIO:</strong> The Chinese EV maker just recorded a milestone of 2M battery swaps to date and plans to double its Chinese network to more than 500 stations in 2021. Each NIO (NYSE:<a href="https://seekingalpha.com/symbol/NIO" target="_blank">NIO</a>) battery swap takes only a few minutes (and comes with a full charge), compared to the 35 minutes it takes a Supercharger to load a Tesla battery from 10% to 80% (it's even slower at home). Besides quicker turnaround times, battery swapping technology also allows EV makers to decouple the cost of batteries from their vehicles, meaning drivers aren't worried about depreciating battery capacity or the value of their cars.</li> <li data-xf-list-type="ul">According to figures from the China Passenger Car Association, Tesla <a href="https://www.cnbc.com/2021/05/12/teslas-china-sales-tumble-in-april-from-march.html" target="_blank">sold</a> 25,845 made-in-China vehicles last month, down 27% from 35,478 in March. The EV sector was also sized up earlier this week after the Chinese government announced a subsidy for any manufacturer that offers battery swapping, or for EVs <a href="https://seekingalpha.com/news/3693821-nio-hopes-battery-swapping-sets-it-apart-in-ev-battle" target="_blank">that are priced at $45,700 or less.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16619411, member: 137766"] [URL='https://seekingalpha.com/news/3695024-renault-makes-a-key-ev-decision-to-battery-swap-or-not']Renault makes a key EV decision: To battery swap or not[/URL] [LIST] [*]As it looks to deepen its presence in the electric car market, Renault ([URL='https://seekingalpha.com/symbol/RNSDF']OTC:RNSDF[/URL]) is considering introducing battery-swapping capabilities, which would significantly cut waiting times at recharging stations. "It's not decided, but I see it as an interesting opportunity," CEO Luca de Meo [URL='https://www.ft.com/content/cac5c438-900a-46ee-9564-43aa905db4b6']told[/URL] the [i]FT[/i]. "We need to find a pragmatic solution, but from a business point of view, there's a point separating the battery from the car." The French automaker is part of the Renault-Nissan-Mitsubishi Alliance, which is one of the biggest car manufacturers in the world and a leader in EVs (think the pioneering Leaf and best-selling Zoe). [*][i]Backdrop:[/i] Interestingly enough, Renault was once a trailblazer in battery swapping technology for electric vehicles. Starting in 2010, the carmaker became the primary partner for Better Place, an Israeli startup that hoped to revolutionize the e-mobility industry. The company initially set up shop in Israel, Denmark and Hawaii, but was plagued by financial difficulties and mismanagement, and eventually went bankrupt in 2013. [*]Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) also began conducting its own battery swapping trials in 2013, but it dropped the project a few years later as consumers increasingly expressed interest in its Supercharger network. While the process seems simple, making a business out of swapping is a bit complicated. Batteries are the single most expensive component in any EV, but they're still in a rapid stage of development and manufacturers have been reluctant to standardize anything. In fact, at Tesla's Battery Day event last September, the EV maker said it plans to integrate batteries into structural elements of future cars, comparing them to the fuel tanks located within the wings of an airplane. [*][b]Enter NIO:[/b] The Chinese EV maker just recorded a milestone of 2M battery swaps to date and plans to double its Chinese network to more than 500 stations in 2021. Each NIO (NYSE:[URL='https://seekingalpha.com/symbol/NIO']NIO[/URL]) battery swap takes only a few minutes (and comes with a full charge), compared to the 35 minutes it takes a Supercharger to load a Tesla battery from 10% to 80% (it's even slower at home). Besides quicker turnaround times, battery swapping technology also allows EV makers to decouple the cost of batteries from their vehicles, meaning drivers aren't worried about depreciating battery capacity or the value of their cars. [*]According to figures from the China Passenger Car Association, Tesla [URL='https://www.cnbc.com/2021/05/12/teslas-china-sales-tumble-in-april-from-march.html']sold[/URL] 25,845 made-in-China vehicles last month, down 27% from 35,478 in March. The EV sector was also sized up earlier this week after the Chinese government announced a subsidy for any manufacturer that offers battery swapping, or for EVs [URL='https://seekingalpha.com/news/3693821-nio-hopes-battery-swapping-sets-it-apart-in-ev-battle']that are priced at $45,700 or less.[/URL] [/LIST] [/QUOTE]
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