NIO has opened job openings in the region to support the plan. Positions open include a number of positions in production, technology, and finance.
The plan to build a factory in Hungary seems plausible as the company is currently increasing its business in the European market.
NIO on June 1 made an internal announcement about organizational restructuring. One of the things arranged was to reorganize the management of its operations in Europe. Qin Lihong, one of the founders directly leads the local team.
NIO has repeatedly said that the company has targeted global markets from the start, not just China.
Previously, Nio was rumored to be building a factory in the United States after opening a vacancy related to the production of electric vehicles in the United States.