On August tenth, in response to an announcement on the “NIO Capital” web site, NIO Capital lately led the Series A financing for electrical drive answer supplier “Mavel”.
According to the introduction, Mavel was established in Italy in 1999 by a crew of European scientists. The firm identify “Mavel” is derived from the Italian phrases “Macchina” (machine) and “Veloci” (quick), that means “fast machine”. At the identical time, the core crew of the corporate comes from automotive producers comparable to Jaguar Land Rover, Mercedes-Benz, BMW, SAIC Motor, and BAIC Motor. They have supplied electrical drive options for many globally famend automakers.
The announcement additionally acknowledged that Mavel will get hold of the designated challenge improvement of core elements for NIO‘s next-generation platform. Weibo bloggers analyzed this and stated that it means NIO‘s entry-level model, Firefly, concentrating on the European market, is anticipated to make use of motors supplied by Mavel.
As a key element of latest vitality autos, the electrical drive system consists of a drive motor, motor controller, and transmission system. It is equal to the “heart” of latest vitality autos, and its efficiency determines the general energy, effectivity, consolation, and security of the car.
SEE ALSO: Chassis Solution Provider BIBO Secures $29M Financing, NIO Capital Participates in
According to IT Home’s report in April this 12 months, Qin Lihong, the CEO of NIO, acknowledged in an interview with the media that “Alps” and “Firefly” are inside challenge codenames for NIO and never model names. “Alps” is principally focused on the mid-range market and immediately competes with manufacturers comparable to Tesla, Toyota, and Volkswagen. “Firefly” is a smaller-sized mannequin. Both of those manufacturers are presently being actively ready and will likely be unveiled earlier than the tip of subsequent 12 months.
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