Nio JAC
New report reveals reasons behind Nio's acquisition of JAC plant assets
With full control over all core processes of vehicle production, Nio will be able to improve its manufacturing efficiency and have more leverage in the fierce competition.
Nio has gained car production qualification by acquiring local automaker, report says
Nio acquired Leopard in a government-coordinated buyout to qualify for vehicle production, and potential further acquisitions of two of JAC's plants will allow it to end its history of contract manufacturing, local media said.
Why does JAC plan to buy Nio's plant assets? Here are possible explanations
JAC's plan to buy Nio's assets may be to deepen its interest connection with Nio and solidify their vehicle OEM production relationship, industry watchers say.
JAC to acquire some of Nio's construction-in-progress assets for $244 million
JAC did not give a specific reason, but said the move will help it deepen its strategic partnership with Nio.
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.
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.
This is why Nio is forming a joint venture with JAC
JAC announced Thursday that it will form a joint venture with Nio Holdings Ltd., sparking speculation that the latter is going into the mass market. But that may not actually be the case.
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.
Nio's factory boasts up to 97.5% automation rate
The body shop at the Anhui JAC factory of Chinese EV maker Nio is automated to a 97.5% level, allowing the body shop, which is capable of rolling out 20 complete vehicles an hour, to be operated by only a dozen workers, according to local media Anhuinews.com.
