[NIO Reported to Be Developing Batteries, with Mass Production Next Year] Recently, it has been reported that NIO will develop and supply power batteries for McLaren, a UK-based supercar brand. This collaboration was facilitated by their common investor, CYVN Holdings. The relevant battery packs will be based on NIO's self-developed 4680 large cylindrical batteries, with small-scale mass production expected next year. NIO will also leverage this collaboration to restart the suspended 46105 large cylindrical battery and 120-degree battery pack projects. NIO has long been making strategic moves in the battery sector. Its 46105 large cylindrical battery project was originally planned for the NIO ET9 but did not materialize due to strategic adjustments. Previously, NIO also collaborated with CATL on a long-life battery R&D project, aiming to achieve a technical and operational goal of 15 years of battery use with 85% health.