Many more Huawei automobile storefronts coming soon.
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Category: 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.
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BREAKING: Nio buys plant assets sold by JAC for $442 million
Nio said it will acquire the manufacturing equipment and assets of the F1 and F2 plants from JAC for a total consideration of about RMB 3.16 billion.
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BREAKING: Nio gets independent car production qualification, govt doc shows
China has imposed restrictions on car production over the past decade amid concerns about overcapacity. Nio had previously been producing cars under JAC's qualification.
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Nio rumored to announce deal to buy JAC’s factory assets soon
As JAC's deal to sell its factory assets comes to a deadline, rumors that Nio will buy them and announce its own car-making qualifications are circulating widely on Chinese social media.
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JAC, Huawei sign deal to jointly make luxury EVs
The two will build luxury smart connected EVs based on Huawei's smart car solutions, with product development under the overall responsibility of JAC.
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JAC could be next member of Nio battery swap alliance, report says
After Changan, Geely, JAC may also join Nio's battery swap system, local media said.
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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.
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Factbox: Nio’s partnership with JAC explained in detail
Nio pays JAC for each vehicle produced on a per-vehicle basis monthly. It paid JAC an average of about $1,260 per vehicle in 2022.
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Nio may acquire assets JAC plans to sell and seek its own EV production qualification, report says
JAC plans to sell the assets of two factories that make vehicles for Nio, which the latter may acquire and seek independent EV production qualification, local media said.
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