Chinese EV maker NIO to build first overseas plant in Hungary

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Chinese EV maker NIO to build first overseas plant in Hungary

STORY: Chinese EV maker NIO to build first overseas plant in Hungary DATELINE: July 30, 2022 LENGTH: 00:04:33 LOCATION: Budapest CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (Hungarian): PETER SZIJJARTO, Hungarian Minister of Foreign Affairs and Trade 2. SOUNDBITE 2 (English): ZHANG HUI, Vice President of NIO Europe 3. SOUNDBITE 3 (Chinese): ZHANG HUI, Vice President of NIO Europe 4. various of Zhang Hui delivering the speech 5. various of Peter Szijjarto delivering the speech 6. various of on-site attendees 7. Zhang Hui and Peter Szijjarto shake hands STORYLINE: Chinese electric vehicle (EV) maker NIO is building its first overseas plant in Hungary. The new plant will cover 10,000 square meters, and will be located in Biatorbagy, some 20 km west of Budapest. NIO said its entire European network would be supplied from the battery-swap stations built in its new Hungarian plant, which is expected to be operational in September. SOUNDBITE 1 (Hungarian): PETER SZIJJARTO, Hungarian Minister of Foreign Affairs

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