Nio increases stake in its joint venture with JAC to 50%
The move means Nio's stake in Jianglai, which has car manufacturing credentials, is the same as JAC's, and may mean it has a greater say in…
Nio’s JV with JAC has been officially established with registered capital of about $76 million
JAC would contribute RMB 255 million yuan, accounting for 51% of the total registered capital; Nio would contribute RMB 245 million yuan,…
Nio, JAC sign agreement to establish joint venture as planned
Nio and JAC Motors signed an agreement on March 27 to establish the Jianglai Advanced Manufacturing Technology (Anhui) Co as planned.
Nio, JAC to establish joint venture with Nio holding 49% of shares
The company plans to have a registered capital of 500 million yuan ($77 million ), with JAC contributing 51 percent and Nio 49 percent.