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CnEVPost Newsletter: Nio's partnership with JAC explained in detail
Nio pays JAC for each vehicle produced on a per-vehicle basis monthly. It paid JAC an average of about $1,260 per vehicle in 2022.
In addition to the ES8, the Nio ET7 will also be used as the designated vehicle for another major event to be held next month.
BYD's Yangwang U8, which costs more than RMB 1 million, has gone into production with over 30,000 orders, according to a local media report.
CATL is supplying batteries for the Jiyue 01, which will be officially launched on October 27.
The plant, which has an annual capacity of 200,000 vehicles, has already begun equipment renovation and is expected to begin production in May 2024, according to local media.
BeyonCa has signed separate agreements with a Saudi investor and a Middle Eastern distributor.
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