© Reuters Nio (NIO) Confirms New Plant for Battery Swap Stations in Europe
Nio (NYSE:) held a communications event with some users in Hefei Thursday morning where the company was able confirm a new European plant to produce battery swap stations.
As initially reported by EV on April 15, the EV maker started looking for a EU Plant Manager in Hungary last April. The company aims to produce Battery Swap Stations (BSS) and Charging Piles in Europe to avoid exporting costs from China.
When asked about the Battery Swap Stations, CEO William Li started by enhancing the effects of the pandemic during the last months on the production.
“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,” William Li said.
In addition, NIO‘s CEO reiterated the company’s goal of achieving 1,300 Battery Swap Stations worldwide by the end of the year and confirmed the plan to have a plant to build these facilities in Europe.
By Michael Elkins
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