Chinese EV maker Nio To Manufacture Battery Swap Stations in Europe

Chinese automobile manufacturer and power solutions provider Nio has announced that the company will be coming up with a manufacturing plant in Europe where it will be producing battery swap stations for the overseas market.

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It was reported early this year that Nio was looking to hire in Hungary for a manufacturing plant. Nio is looking to expand its business layout in Europe by furthering recruitments and making some organizational changes. The key reason behind the move is that the company wants to avoid exporting costs from China. Nio will be manufacturing Battery Swap Stations (BSS) and Charging Piles in Europe hence.

William Li, Chief Executive Officer, Nio, outlined the challenges pertaining to the effects of the pandemic over the past few months on the company production and businesses. Li held, “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.”

The CEO also said that Nio wants to achieve 1,300 Battery Swap Stations across the world by the end of 2022 and a manufacturing plant in Europe is important for this.

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Nio: A Challenge to Tesla

Nio is emerging, as per many reports, as a challenger to Tesla in the electric vehicle segment. The company is looking to set up a manufacturing plant in the USA as the company posted for some crucial job listings. Nio wanted to hire a range of specialists in the EV manufacturing segment for two or more master plan projects and at least one of them is planned for the US.

Nio already operates an R&D center in San Jose and has now signed a lease agreement for a more than 200,000 sq feet building for its HQ in the US and innovation center for electric vehicles.