NIO is to build the first European battery swap production facility in Hungary
Chinese electric vehicle (EV) maker Nio and the Hungarian government signed an agreement to establish the first Nio battery swapping station outside of China.
The 10,000 square metre plant will serve many purposes, including manufacturing, service and R&D centre in Europe, while providing after-sales service and training employees.
The giant battery swapping station and R&D centre will be located at Biatorbágy and produce 240 battery swapping stations per year. Nio aims to have 4,000 active battery swapping stations worldwide by 2025.
The project is estimated to cost around HUF 5.5 billion (13,7 million euros), and support from the Hungarian government will receive HUF 1.7 billion (4,2 million euros).
The project is vital for Nio to expand its network of battery swapping stations in Europe, as the company aims to spread to Germany, the Netherlands and Denmark after launching operations in Norway in 2021.
Nio also partnered with energy giant Shell to produce battery swapping stations worldwide. Thus, Shell-owned charging stations will be accessible for Nio owners in Europe.