On July 29, in Budapest, Hungary, Péter Szijjártó, Minister of Hungarian Foreign Affairs and Trade, and Hui Zhang, Vice President of NIO Europe Office, jointly announced that the NIO Power Europe Plant funded by NIO in Pest megye. The plant will commence operation in September.

NIO Power Europe Plant is NIO’s first overseas plant. It will be around 10,000 square meters. The plant will cover manufacturing and after-sales service of battery swapping stations, training for power operations in Europe, and the R&D of power products. Its launch will further enhance the deployment and service efficiency of NIO Power in Europe, bringing a better ownership experience for European users.

After last year’s entrance into Norway, NIO will expand into Germany, the Netherlands, Sweden, and Denmark in the second half of this year with NIO’s products and comprehensive services. In addition, the NIO Power Europe Plant will add further momentum to the construction of NIO Power Swap stations in these countries, laying a solid foundation for local battery swapping and charging services.