Nio already has two car assembly plants in Anhui's provincial capital, Hefei city. The carmaker'sin Europe range from around 50,000 euros to 91,000 euros, depending on the vehicle's range and whether customers buy or rent the battery.
The company did not immediately respond to a request for comment. An official at the Chuzhou Economic and Technology Development Zone, where the Nio plant is to be located, declined to comment.Chinese EV players, most of which are still loss-making, are ramping up efforts to increase their market share, as the usage of EVs rises rapidly in China, where more than a quarter of the new cars sold in January were either pure electric or plug-in hybrids.
Nio offers six models and plans to launch five more this year under the Nio brand. The Nio brand is positioned for the premium segment to compete with BMW
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