# 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.

- Type: Acquisition
- Announced: 2022-12-22
- Where: Hefei, Anhui, China
- Value: $244.0M (1.70B CNY)
- Status: announced
- Products: new energy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [NIO](https://endata.com/companies/22544.md) (target)
- [Anhui Jianghuai Automobile Group Holding](https://endata.com/companies/37669.md) (acquirer)

## Sources

- [cnevpost.com](https://cnevpost.com/2022/12/22/jac-to-acquire-some-of-nio-assets-for-usd-244-million/), 2022-12-22: "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)."

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