On the evening of June 5th, Qin Lihong, co-founder and president of NIO, revealed in an interview with the Daily Economic News that NIO's third factory is located in the Xinqiao Intelligent Electric Vehicle Industrial Park in Hefei. Construction has started recently, with a single shift capacity of 100000 vehicles, which will be used for the production of NIO and Ledo brand products in the future.
"Due to the recent hot sales of NIO brand and the company's long-term strategy, NIO's two existing factories in Hefei have reached the designed single shift production capacity." Qin Lihong explained that with the subsequent launch of new products, the production capacity of the existing factories is no longer able to meet market demand.