Nio will purchase lower-cost lithium iron batteries from Chinese battery supplier CALB to equip its new sub-brand targeting mid-end to high-end consumers, Chinese tech media outlet 36Kr reported on Tuesday. The move makes Nio the latest electric vehicle maker to shift away from reliance on industry leader CATL for its core component. The new brand, codenamed The Alps and with a target price range of between RMB 200,000 and RMB 300,000 ($29,149 to $43,724), will also adopt EV batteries from BYD, while a potential collaboration with Svolt, a spin-off of automaker Great Wall Motor, is also in the pipeline. CALB is China’s third largest EV battery maker after CATL and BYD, and it has partnered with automakers such as GAC and Xpeng Motors. [36Kr, in Chinese]