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: Portfolio.hu – Üzlet by www.portfolio.hu.

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