Welling
Nio signs strategic partnership with home appliance giant Midea
Midea and Nio will cooperate in areas including EV parts, automation services, digitalization, low-carbon parks and smart logistics.
Chinese home appliance giant Midea starts construction of $1.7 billion EV parts plant
The project will have an annual production capacity of 60 million sets and an estimated annual output of RMB 40 billion.