Smart and Sustainable Electric Mobility
Nio's independent car-making qualification has been officially approved, and the company has started producing and delivering EVs under its own name, local media said.
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Nio assembled a humanoid robot team in 2023 and has made two major attempts.
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Humanoid robot maker UBTech showed its Walker S robot working on an assembly line at a Nio factory in a video.
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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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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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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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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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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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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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The Nio F2 plant achieves efficient, flexible production with 756 robots in the body shop for automated production, it said.
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