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NIO shares starts rising as renewed its key joint manufacturing agreements

NIO Inc. has renewed its manufacturing agreements with Jianghuai Automobile Group and Jianglai Advanced Manufacturing Technology for the joint manufacture of NIO vehicles and associated fee arrangements.JAC, a state-owned vehicle manufacturer, presently manufactures NIO vehicles at its Hefei JAC-NIO plant, which was specifically set up for NIO vehicles.Jianglai is a joint venture between NIO and JAC for operations management. NIO holds a 49% stake in this JV.Under the agreement, JAC will cont
NIO shares starts rising as renewed its key joint manufacturing agreements

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