Nio's partnership with JAC explained in detail

Nio's vehicle manufacturing partner JAC announced last week that it plans to sell the assets of two factories that produce vehicles for the electric vehicle (EV) carmaker.

Subsequent reports suggested that Nio could acquire those assets and move from contract manufacturing to independent production for greater self-reliance.

These developments have left many wanting to know the details of Nio's partnership with JAC, and CnEVPost has found some valuable information after digging into Nio's 2022 annual report.

The following is all from the English version of Nio's 2022 annual report, some of which may be repeated as they are used in different places.

The first part of it, covering JAC in the most detail, is a risk-related statement, which usually lists all the worst-case scenarios.

The final section in this article lists the vehicle manufacturing fees paid by Nio to JAC, though there appears to be some typos in the numbers mentioned in the English texts, with three zeros missing.

Those numbers are correct in Nio's Chinese-language 2022 annual report, which said it paid JAC RMB 531 million, RMB 715 million, and RMB 1.12 billion from 2020 to 2022, respectively.

Nio pays JAC for each vehicle produced on a per-vehicle basis monthly. It paid JAC an average of about USD1,260 per vehicle in 2022.

Nio's annual deliveries of 43,728, 91,429, and 122,486 in 2020-2022 mean that the company paid JAC an average of RMB 12,156, RMB 7,822, and RMB 9,197 (USD1,260) per vehicle in those three years.

Nio pays JAC on a monthly basis for each vehicle produced, according to the report.

Read the article for the details.