Report: NIO's third domestic factory has been approved, with a total production capacity of 1 million vehicles
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Reports indicate that NIO's total approved production capacity will reach 1 million vehicles, on par with Tesla's Shanghai Gigafactory (1.1 million vehicles). NIO's third factory is located in Huainan, Anhui, with a capacity of 600,000 vehicles, mainly producing NIO's newly launched affordable car brand "ONVO Joyway"
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