NIO European plant to commence operation in September

Péter Szijjártó, Minister of Hungarian Foreign Affairs and Trade, and Hui Zhang, Vice President of NIO Europe Office, jointly announced that NIO Power Europe Plant in Pest megye, with investment from NIO, will commence operation in September.

With a footprint of around 10,000 square meters, NIO Power Europe Plant, as NIO’s first overseas plant, will serve as the manufacturing, service and R&D center for NIO’s power products in Europe, with its major business covering the manufacturing and after-sales service of battery swapping stations, training for power operations in Europe, and the R&D of power products.

After entering the Norwegian market, NIO will expand into Germany, the Netherlands, Sweden and Denmark in the second half of this year with its products and comprehensive services. The operations of NIO Power Europe Plant will add further momentum to the construction of NIO Power Swap Stations in these countries, laying a foundation for local battery swapping and charging services.