Chinese new energy vehicle startup Nio has obtained the qualification to manufacture its own cars, according to the latest information on the website of the Ministry of Industry and Information Technology.
Nio Automotive Technology Anhui today appeared in the MIIT’s Vehicle Manufacturing Enterprise Credit Information Management System, meaning it gained the independent production qualification.
For seven years, Chinese carmaker Jianghuai Automobile Group, better known as JAC Motors, has been producing Nio’s electric vehicles.
JAC Motors announced on Oct. 19 that it planned to sell some of its assets, including inventories, fixed assets, buildings, and land use rights of its third passenger vehicle plant, as well as the complex and equipment of its Xinqiao passenger vehicle plant, for CNY4.5 billion (USD630.5 million) to optimize its asset structure.
The two plants which assets are on sale are both producing Nio’s cars, Qin Lihong, co-founder and president of the EV maker, which is also based in Hefei, said on Oct. 20. The sale will not affect Nio’s manufacturing and operations, Qin added.