What is the relationship between Changan NIO and NIO?

[LaJordan]

The relationship between Changan NIO and NIO: Changan NIO is a joint venture resulting from the cooperation between Changan and NIO. According to the cooperation agreement signed by Changan and NIO, Changan holds a 45% stake, NIO holds a 45% stake, and the remaining 10% is reserved for executive shareholding. The main areas of cooperation do not involve the production of complete vehicles, so Changan NIO is also referred to as a co-creation company. However, Changan NIO has officially been renamed as Avatar Technology and will operate completely independently in the market. Below is an introduction to Changan's new car: 1. Powertrain: Equipped with a 2.0T four-cylinder turbocharged engine. 2. Features: Includes front and rear parking radar, electric seat adjustment, 360° HD imaging, three-zone independent air conditioning, electric trunk, etc.