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.
The post New report reveals reasons behind Nio's acquisition of JAC plant assets appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio acquired Leopard in a government-coordinated buyout to qualify for vehicle production, and potential further acquisitions of two of JAC's plants will allow it to end its history of contract manufacturing, local media said.
The post Nio has gained car production qualification by acquiring local automaker, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.