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NIO plans EV plant in Hungary

The EV manufacturer NIO plans to open its first EU plant in September. This was reported by the financial magazine Caixin, citing a company source. The plant in the city of Pest in Hungary will be 10,000 square meters in size and is expected to produce charging stations and battery swap stations for European customers, Caixin stated. NIO reportedly will also offer after-sales services at the site.

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