Chinese electric vehicle maker Nio receives approval to build a third factory in China, boosting capacity to 1 million cars.

Chinese electric vehicle maker Nio receives approval to build a third factory in China, increasing its total approved production capacity to 1 million cars, nearly matching Tesla's Shanghai plant. The new F3 plant in Huainan city, Anhui province, will primarily produce vehicles for Nio's affordable car brand, Onvo. This expansion aims to meet growing demand and produce new models.

June 05, 2024
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