The 2 crops are the F1 and F2 manufacturing amenities in Hefei, the place Nio’s electrical vehicles are manufactured. JAC introduced final week that it might promote a part of its property within the factories – particularly virtually 4.5 billion yuan (at the moment 580 million euros).
In keeping with native media, citing an insider, Nio may take over these property and apply for its personal manufacturing licence so as to transfer from contract manufacturing to impartial manufacturing and thus obtain higher autonomy.
In keeping with JAC, its personal resolution “is not going to have an effect on Nio’s enterprise and manufacturing actions”. Nio itself would solely touch upon the matter “in the end”, writes Automobile Information China. The portal Nationwide Enterprise Day by day subsequently quotes an individual conversant in the matter as saying that Nio itself desires to take over the shares.
“If Nio can receive impartial manufacturing qualification consequently, it will likely be a serious constructive factor for it, which can profit the corporate’s long-term operation and effectivity,” the particular person stated. In China, manufacturing approval from the Nationwide Improvement and Reform Fee (NDRC) is required to fabricate and promote autos. Within the case of Nio autos, this approval has to this point been with JAC and never Nio itself.
How precisely Nio plans to finance the attainable takeover shouldn’t be clear from the Chinese language reviews. The corporate already has excessive expenditures for analysis & growth in addition to for increase its Energy Swap Stations for fast battery modifications.
Nio already had plans for its personal manufacturing previously (at occasions in Beijing, at occasions in Shanghai), however these plans have been by no means applied as a result of lack of cash. When the corporate was in dire monetary straits a number of years in the past, financiers from Anhui province stepped in – together with a deal for contract manufacturing at JAC, which can be based mostly in Anhui. Since then, all Nios have been manufactured by JAC, and the settlement was prolonged in 2021 till Might 2024.
The primary JAC manufacturing facility for Nio manufacturing is known as F1 and has been manufacturing the model’s electrical vehicles since 2017. In 2021, the Neo Park industrial park was established, the place the F2 manufacturing facility has been constructed. The F2 manufacturing facility manufactures the Nio ET5, which can be provided in Europe.
carnewschina.com, cnevpost.com, nbd.cn (in Chinese language)