# 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%.

- Type: Partnership
- Announced: 2021-03-27
- Where: Hefei, China
- Value: $77.0M (500.0M CNY)
- Status: announced
- Products: electric vehicles, components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [NIO](https://endata.com/companies/22544.md) (partner)
- [JAC Motors](https://endata.com/companies/54081.md) (partner)

## Sources

- [cnevpost.com](https://cnevpost.com/2021/03/29/nio-jac-sign-agreement-to-establish-joint-venture-as-planned/), 2021-03-29: "Jianglai will explore and develop new business capabilities to achieve more in the smart electric vehicle sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.