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Some NIO Manufacturing Assets to be Acquired by JAC Motors
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Some NIO Manufacturing Assets to be Acquired by JAC Motors

Dec 23, 2022
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Some NIO Manufacturing Assets to be Acquired by JAC Motors
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Some NIO Manufacturing Assets to be Acquired by JAC Motors
(Source: NBD)

JAC Motors, a Chinese automobile and commercial vehicle manufacturer, announced on December 22 that it plans to acquire some of the project assets (including equipment and tooling assets) held by a subsidiary of NIO in China’s Anhui Province. The transaction is estimated to be worth 1.704 billion yuan ($244.1 million).

The announcement also …

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