Is NIO Owned by JAC?
1 Answers
NIO is not owned by JAC; JAC serves as NIO's contract manufacturer. Below are specific details about NIO: Background: In November 2014, NIO was co-founded by Li Bin, Richard Liu, Li Xiang, Tencent, Hillhouse Capital, Shunwei Capital, and other top-tier internet companies and entrepreneurs with deep user insights. It has received investments from dozens of renowned institutions, including Temasek, Baidu Capital, Sequoia Capital, Hopu Investment, Lenovo Group, Warburg Pincus, TPG, GIC, IDG Capital, and Joy Capital. Development: On September 12, 2018, NIO successfully listed on the New York Stock Exchange. Its China headquarters is located at Building F, Smart Technology Park, No. 3963 Susong Road, Shushan District, Hefei City, Anhui Province.