NIO's expansion plan in Europe is not just about landing in certain markets to sell its electric cars. In fact, the Chinese carmaker has announced that in September it will enter & agrave; in operation, in Hungary , its first production plant outside of China. This factory will be located in the province of Pest. Named NIO Power Europe Plant , the factory will have; size of 10 thousand square meters. It should be emphasized that it will not serve; to build electric cars.
Inside this plant, in fact, battery swap stations for the European market will be produced and related spare parts. Furthermore, it will have; also a research and development department.
ACCELERATING THE SPREAD OF BATTERY SWAP IN EUROPE 
With this factory, NIO states that it intends to give further impetus to the construction of battery swap stations in the European countries where it intends to be present. As we know, NIO & egrave; already long since arrived in Norway where it is also working on the implementation of the first stations for the exchange of batteries that seem to have been well received by its first European customers.
The manufacturer intends to expand its presence also in Germany, Holland, Sweden and Denmark in the second half & agrave; of this year, offering all the services of him, including that of the battery swap. Therefore, to carry out this strategy, NIO needs a factory where to produce all the components of its battery exchange stations.
The new plant also makes us understand the importance it has for NIO the European market in which it is investing a lot. All that remains is to wait for news; on the debut of the manufacturer in the other markets of the Old Continent and verify the trend of sales and the long-term appreciation of services such as battery swap.
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