NIO, big move!As expected, the transaction of JAC Motors to some of the factory assets of NIO has finally settled.
On December 5, NIO (9866.HK) announced on the Hong Kong Stock Exchange that it will acquire the production equipment and assets of the first advanced manufacturing base and the second advanced manufacturing base from JAC, with a total price of about 31 excluding tax600 million yuan.
This is a different from earlier in the day before JAC (600418SH) on the Shanghai Stock Exchange.
According to the progress announcement issued by JAC on the public listing and transfer of some assets, NIO Automobile Technology (Anhui)** has become the transferee of one package of assets and three packages of assets, of which the transaction of one package of assets is 166.6 billion yuan, and the transaction of asset three packs** was 149.2 billion yuan, totaling 3.1 billion5.8 billion yuan.
Industry insiders believe that NIO's purchase of the production base may be related to its application for car-making qualifications.
Just yesterday, in the credit information management system of the Ministry of Industry and Information Technology's vehicle manufacturers, NIO Technology (Anhui)** was prominently listed, with a production address at No. 299, Baita Road, Economic and Technological Development Zone, Hefei City, Anhui Province, which is where NIO's second advanced manufacturing base in Hefei Xinqiao Industrial Park is located.
This also means that NIO has finally obtained the qualification for automobile production. (NIO has obtained independent car manufacturing qualifications).
Some analysts believe that NIO's move will end the history of OEM cooperation with JAC, and in the long run, it will be a major benefit to NIO, which is conducive to long-term operation and efficiency improvement.
Xu Minhao photo reporter learned that car companies need to obtain "double qualifications" to build cars, one is a qualification issued by the state, and it needs to comply with the national "Regulations on the Management of New Pure Electric Passenger Vehicle Enterprises";The other is the qualification issued by the Ministry of Industry and Information Technology, which requires enterprises to meet the "Regulations on the Administration of Access to New Energy Vehicle Manufacturers and Products".
"Qualification issues" have always been a threshold for new EV manufacturers. In fact, at the beginning of its establishment, the head brand "Wei Xiaoli", a new car-making force, adopted the OEM model to achieve mass production of products, such as the cooperation between Li Auto and Lifan Company, and the cooperation between Xiaopeng Motors and Haima Automobile. Since then, a number of new EV brands have obtained automobile production qualifications through acquisitions, and NIO has also become the only company in "Wei Xiaoli" that has not obtained car manufacturing qualifications for a long time.
It is worth noting that NIO also disclosed its results for the third quarter of 2023 in this announcement. According to the announcement, in the third quarter of this year, NIO delivered 55,432 vehicles, including 37,585 high-end smart electric SUVs and 17,847 high-end smart electric cars, an increase of 75% from the third quarter of 20224%。
Perhaps related to the increase in deliveries in the third quarter, NIO's financial performance in the third quarter was better than that of the previous quarter.
In terms of revenue, NIO's total revenue in the third quarter of this year was RMB19066.6 billion yuan (26$13.3 billion), an increase of 466%, an increase of 117 from the second quarter of this year4%。
Reporter: Xu Haojie.