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Nio and JAC sign agreement to form Jianglai joint venture in Hefei · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Mar 27, 2021PARTNERSHIPHefei, China

Nio and JAC sign agreement to form Jianglai joint venture in Hefei

Nio and JAC Motors signed an agreement on March 27, 2021 to establish Jianglai Advanced Manufacturing Technology (Anhui) Co. in Hefei, with registered capital of CNY 500 million. JAC holds 51%, Nio 49%.

Value

$77.0M (500.0M CNY)

Status

Announced

Productselectric vehiclescomponents

CompaniesNIO partner JAC Motors partner

Sectors#Automotive Components

“Jianglai will explore and develop new business capabilities to achieve more in the smart electric vehicle sector.”cnevpost.com

1 source
cnevpost.comNio, JAC sign agreement to establish joint venture as plannedMar 29, 2021

Summarized from public sources; check the original articles before acting on it.

More from NIO

Mar 26, 2023PARTNERSHIPHefei, China
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NIO target Anhui Jianghuai Automobile Group Holding acquirer cnevpost.com
Jun 27, 2022CONTRACT
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onsemi supplier NIO customer eenewseurope.com businesswire.com
Dec 20, 2021CONTRACTChina
Ningbo Jifeng and Grammer supply NIO ET5 with auto parts worth 2,000 yuan per car
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