According to Beijing Business Daily, on December 22, JAC Motors announced that based on the long-term strategic partnership established between JAC and Anhui NIO, in order to jointly promote new energy vehicle manufacturing cooperation, JAC intends to acquire the construction-in-progress-equipment installation project assets (including equipment, tooling assets, etc.) held by NIO Automobile (Anhui) Co., Ltd. (hereafter referred to as Anhui NIO). The estimated transaction price is 1.704 billion yuan.

It is understood that Anhui NIO was established on August 19, 2020. The legal representative is Qin Lihong, with a registered capital of 9 billion yuan, and is 100% controlled by NIO Holdings Co., Ltd. Business scope includes:
Auto parts retail;
New energy vehicle production and testing equipment sales;
Wholesale of auto parts;
Sales of car decoration products;
Research and development of auto parts;
Sales of new energy vehicles, etc.

Regarding this acquisition, JAC mentioned in the announcement that the acquisition of assets will not affect the company’s normal production and operation. If the transaction is implemented smoothly, it is beneficial to continue to deepen the strategic cooperation with NIO.

In this regard, some people in the industry believe that the acquisition of some assets of Anhui NIO for over 1.7 billion yuan may be a further in-depth binding of JAC to help the company develop.