Print History, Nio Will Produce Vehicles Independently

Nio Factory. (Doc. ArenaEV)

JAKARTA - Chinese electric vehicle manufacturer Nio made history by obtaining independent vehicle production qualifications, marking a new chapter in the company's journey. This also allows Nio to produce vehicles in his own name, rather than partnering.

Quoted from the ArenaEV page, Tuesday, December 5, it is known that Nio has long produced his vehicle under the auspices of Anhui Jianghuai Automobile Group (JAC). However, the latest government submission revealed that Nio has now entered the Loan Information Management System of the Ministry of Industry's Vehicle Manufacturing Company and Chinese Information Technology, thus allowing independent production.

This development is not only a milestone in the history of the bureaucracy, but also has the potential to change Nio's manufacturing landscape and its impact on the electric vehicle industry which is indeed being echoed.

For several years, Nio relied on JAC qualification for vehicle production at two factories, first at Hefei, China's F1 plant, which officially opened in 2018, and the F2 plant, which started assembling in September 2022.

In the joint venture, Nio slowly took over ownership, even in 2022 it has reached 50 percent. Recent developments show that Nio will soon announce the acquisition of factory assets, which will indeed be diverted by its partner, Anhui Jianghuai Automobile Group (JAC). Where, previously JAC announced plans to transfer factory assets worth billions of yuan, including the F1 and F2 Nio factories at Hefei.

This development sparked speculation that Nio could acquire the asset to continue the production status of its own electric vehicle. Although Nio has not officially confirmed this report, if successful in acquiring the factory's assets, it will have a broad impact.

This will give Nio greater control over its production process, which has the potential to increase cost efficiency and savings. The move could also strengthen Nio's position in a competitive electric vehicle market, allowing the company to produce its own brand of vehicles.