Nio2 Min Read RainManonApril 8, 2022 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…
Nio1 Min Read RainManonApril 2, 2021 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,…
Nio2 Min Read RainManonMarch 29, 2021 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.
Nio3 Min Read RainManonMarch 4, 2021 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.