NIO confirmed it will build a factory in Europe to produce battery swap stations. The company announced this at a communication event with several users in Hefei Thursday morning.
In early June, it was rumored that Nio would build a factory in Hungary to produce battery swap stations. This was reinforced after the company started looking for an EU Factory Manager in Hungary last April.
The company chose to build a Battery Swap Stations (BSS) and Charging Piles factory in Hungary to cater to the European market and avoid export costs from China.
In a communication event with users, CEO William Li was asked about the Battery Swap Station. Li started with the impact of the Covid-19 pandemic over the past few months on production.
“The layout of the power station has been greatly affected by the epidemic in Shanghai this year. The production plant of the power station was directly unable to produce due to the epidemic. It’s true that it [the pace of new BSS in China] didn’t meet expectations, but it’s not that it doesn’t make sense at the moment,” William Li said.
Li said the company has a target to build 1,300 Battery Swap Stations worldwide by the end of the year and confirmed plans to have factories to build these facilities in Europe.
