NIO has been approved to build its third factory in the country, with a total production capacity of over 1 million vehicles

It is reported that NIO has been approved to build a third factory in China. The approved production capacity of the factory is 600,000 vehicles, and the total production capacity of the three factories will increase to 1 million vehicles. Currently, NIO has started construction of the third factory, the F3 factory, but has not yet announced the specific time for mass production.