NIO Inc - ADR

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Products, Strategic Combinations, Expansion

NIO Announces Renewal Of Joint Manufacturing Arrangements

Published: 05/24/2021 08:15 GMT
NIO Inc - ADR (NIO) - Nio Announces Renewal of Joint Manufacturing Arrangements.
Entered Into Manufacturing Pacts With Jianghuai Automobile Group Co.
, Ltd and Jianglai Advanced Manufacturing Technology (anhui) Co.
Agreements Regarding Joint Manufacturing of Nio Vehicles and Related Fee Arrangements.
Nio -after Deal, From May 2021 to May 2024, Jac Will Continue to Manufacture Es8, Es6, Ec6, Et7 and Potentially Other Nio Models in Pipeline.
Jac Will Expand Its Annual Production Capacity to 240,000 Units in Order to Meet Growing Demand for Nio Vehicles.