What is the relationship between NIO and JAC?
1 Answers
JAC serves as the contract manufacturer for NIO. Below are specific details about NIO: Background: In November 2014, NIO was jointly founded by Li Bin, Richard Liu, Li Xiang, Tencent, Hillhouse Capital, Shunwei Capital, and other top internet companies and entrepreneurs with deep user insights. It received investments from dozens of renowned institutions including Temasek, Baidu Capital, Sequoia Capital, Hopu Investments, 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, Intelligent Technology Park, No. 3963 Susong Road, Shushan District, Hefei City, Anhui Province.