JAC to acquire Nio's construction-in-progress assets for $244 million

Anhui Jianghuai Automobile Group (JAC) plans to acquire some of Nio Anhui's construction-in-progress and equipment installation assets for an estimated 1.704 billion yuan ($244 million) to deepen their strategic partnership in new energy vehicle manufacturing.

“JAC plans to acquire some of the assets of Nio Anhui's construction-in-progress and equipment installation projects for an estimated price of 1.704 billion yuan ($244 million).”cnevpost.com

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• cnevpost.comJAC to acquire some of Nio's construction-in-progress assets for $244 millionDec 22, 2022

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