NIO will build battery swap stations at its first European factory

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NIO

Nio will open its first European factory in September. It won't produce cars, but it will help the company expand.

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The 10,000-square-meter Nio Power Europe Plant is in Pest, Hungary. It will manufacture and service the automaker's battery swapping stations. It will also handle power operations training in Europe and product R&D.

NIO

Chinese automaker plans to build battery swapping stations in Germany, Sweden, the Netherlands, and Denmark by the end of the year.

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Nio recently announced a partnership with Shell to expand its battery swapping stations in China and Europe.

NIO

Shell's European charging network will be accessible to Nio vehicles. The carmaker wants to operate 4,000 battery swapping stations worldwide, with a quarter outside China.

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Nio's European power plant announcement comes six weeks after it unveiled the all-new ES7 SUV.

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Two electric motors power the Nio ES7, delivering 644 hp and 627 lb-ft of torque. In Sport+ mode, Nio's SUV can reach 62 mph in 3.9 seconds.

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Three batteries are available. The 75 kWh unit can travel 301 miles (485 km). Long-range batteries can power the ES7 for 385 miles (620 km). The 150 kWh Ultra-Long Range Battery can travel 528 miles (850 km).

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