Chinese EV maker NIO to build its first overseas plant in Hungary

BUDAPEST, July 29 (Xinhua) -- Chinese electric vehicle (EV) maker NIO is building its first overseas plant in Hungary, vice president of NIO Europe Zhang Hui and Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto informed here on Friday at a press event.

The new 10,000 m2 plant will be located in Biatorbagy, some 20 km west of Budapest. NIO said its entire European network would be supplied from the