Confirmed: Tesla’s Chinese rival is building a factory in Hungary

Earlier this month, Chinese media reported that Nio would manufacture battery replacement stations and charging stations in Hungary. Now the leaders of the company have confirmed this in a very fun way, reports cnevpost.

The company’s owners held an online event on Thursday local time where executives including William Li, the company’s founder, president and CEO, Qin Lihong, co-founder and chairman, and Li Tianshu, head of product development, answered questions.

William Li unexpectedly interrupted Qin Lihong when he was just talking about the company launching a full-scale production process for battery replacement stations in Europe, and the company’s founder said that “a factory will be set up in Hungary to manufacture battery replacement stations.” Then, to the question of whether this had already been made public, Li replied that it had been leaked a few days ago.

Anyway, this is how a battery replacement station works in reality, for example in Norway:

It is worth mentioning that we just wrote a comprehensive analysis on Saturday morning that there is a lot going on in terms of gigantic investments in Hungary.

Our cover image is a sample image of a battery replacement station. Source: NIO

Source: – Üzlet by

*The article has been translated based on the content of – Üzlet by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!