money China's Nio to double capacity of Hefei plant to 240,000 vehicles a year
BEIJING, Oct 15 (Reuters) - Chinese electric vehicle maker Nio Inc said it would double the capacity of its Hefei plant to 240,000 vehicles a year, up from 120,000 units.
The factory, in the eastern Chinese city of Hefei, can make sedan and sport-utility vehicle models. After the expansion, with extra operating shifts, the plant will be able to make up to 300,000 cars a year, it told Reuters.
Nio will finish the production line expansion in the first half of 2022, it said.
(Reporting by Yilei Sun and Brenda Goh)
