Nio Inc (NIO)

[abingo]

Rumors have been floating around for months that Nio is looking to set up a manufacturing location in the United States, but today is not the day we get official confirmation. We instead came across some information that indirectly confirms it, this time straight from China, claiming that Nio is already hiring people for manufacturing-related jobs in the US, even though it has not officially announced building the facility.

According to Yicai, Nio (known in China by its company name, Wei Lai) is not only hiring people for manufacturing-related jobs, but is also looking to build a factory in the United States. We don’t yet know if it will purchase an already existing plant and repurpose it or build one from scratch in a new location.