Nio’s second plant has begun construction, production to begin in Q3 2022, CEO says
"It's very fast, and I looked at it yesterday and the plant has already started building the structural part," Li said.
NeoPark by Nio and Hefei starts construction with initial investment of RMB 50 billion
After the NeoPark is completed, Nio can save RMB 3,000 per vehicle in logistics costs.