The first model to be built by Huawei and JAC will be a sedan priced at the RMB 1 million level, not an MPV as previously rumored, according to local media.
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The new JAC EV truck is coming to the 2024 Beijing Auto Show.
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Nio adds JAC and Chery as partners in developing battery swap stations. Previously, it signed similar contracts with Changan and Geely.
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Nio said it and JAC, Chery will carry out deep strategic cooperation in battery standards, battery swap technology, battery swap service network construction and operation.
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Nio has also signed strategic cooperation agreements with two state-owned groups in Anhui province for energy storage, charging, and battery swap system construction.
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The sodium-ion battery-equipped model has a battery pack capacity of 23.2 kWh, a CLTC range of 230 km, and can be charged from 10 percent to 80 percent in 20 minutes.
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JAC Yiwei is world's first mass produced electric vehicle with sodium-ion battery.
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Many more Huawei automobile storefronts coming soon.
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With full control over all core processes of vehicle production, Nio will be able to improve its manufacturing efficiency and have more leverage in the fierce competition.
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Nio said it will acquire the manufacturing equipment and assets of the F1 and F2 plants from JAC for a total consideration of about RMB 3.16 billion.
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