Jianglai
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Nio explains why its JV with JAC being terminated
Nio said the joint venture was established to support joint production, but with Nio obtaining car-making clearance, there is no longer a need for it to continue.
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Nio's JV with JAC being terminated as it now makes cars independently
Nio and JAC's joint venture is being terminated after it obtained independent car manufacturing qualification in December 2023.
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Nio increases stake in its joint venture with JAC to 50%
The move means Nio's stake in Jianglai, which has car manufacturing credentials, is the same as JAC's, and may mean it has a greater say in the plants the two jointly built.
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Nio's JV with JAC has been officially established with registered capital of about $76 million
JAC would contribute RMB 255 million yuan, accounting for 51% of the total registered capital; Nio would contribute RMB 245 million yuan, accounting for 49%, JAC said previously.
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Nio, JAC sign agreement to establish joint venture as planned
Nio and JAC Motors signed an agreement on March 27 to establish the Jianglai Advanced Manufacturing Technology (Anhui) Co as planned.
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Nio, JAC to establish joint venture with Nio holding 49% of shares
The company plans to have a registered capital of 500 million yuan ($77 million ), with JAC contributing 51 percent and Nio 49 percent.
