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3.16 billion yuan to buy the assets of JAC! NIO will end the history of OEM, and the labor cost in the last era reached 1.127 billion yuan

3.16 billion yuan to buy the assets of JAC! NIO will end the history of OEM, and the labor cost in the last era reached 1.127 billion yuan

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3.16 billion yuan to buy the assets of JAC! NIO will end the history of OEM, and the labor cost in the last era reached 1.127 billion yuan

From 2018 to 2022, it paid OEM fees of approximately RMB223 million, RMB441 million, RMB532 million, RMB715 million and RMB1.127 billion to JAC, respectively.

As expected by the outside world, NIO, which won the independent production qualification, acquired some of the factory assets of JAC Motors, which had previously been manufactured for it, at a price of 3.158 billion yuan.

On December 5, JAC (600418) announced that the company received the project "Bidding Result Notice" provided by Anhui Provincial Property Rights Trading Center Co., Ltd. on the same day, and Weilai Automobile Technology (Anhui) Co., Ltd. became the transferee of one package of assets and three packages of assets, of which the transaction price of one package of assets was 1.666 billion yuan, and the transaction price of three packages of assets was 1.492 billion yuan, totaling 3.158 billion yuan.

3.16 billion yuan to buy the assets of JAC! NIO will end the history of OEM, and the labor cost in the last era reached 1.127 billion yuan

According to the announcement, one package involves the inventory, fixed assets and construction in progress of the three factories of the passenger car company, and the third package involves the structures and equipment of the Xinqiao plant of the passenger car company. In addition, Hefei Hengchuang Intelligent Technology Co., Ltd. became the transferee of the second package of assets, with a transaction price of 1.418 billion yuan, which involved the buildings, projects under construction and land use rights of the third factory of the passenger car company. The transaction price totaled 4.577 billion yuan.

On December 4, the credit information management system of vehicle manufacturers of the Ministry of Industry and Information Technology showed that NIO Automotive Technology (Anhui) Co., Ltd. appeared in it. For a time, "NIO obtained production qualifications" and "NIO no longer affixed the 'JAC tail mark'" and so on became hot topics.

In 2016, JAC and NIO signed an OEM contract, under which JAC will be responsible for the production of NIO's electric vehicles, including EC6, ES6, ES8 and other models. The partnership model brings complementary advantages to both parties, with NIO leveraging JAC's manufacturing experience and resources to improve product quality and delivery efficiency, and JAC leveraging NIO's technology and brand to expand the new energy vehicle market.

The OEM model was more common in the early days of the rise of new EV manufacturers, such as NIO and JAC, Xpeng and Haima. However, with the growth of production and sales and the advancement of the business model, Xpeng Motors obtained the qualification to make cars through acquisitions, and only Weilai still relies on JAC Motors for OEM production in "Wei Xiaoli".

In addition, new EV manufacturers who choose the OEM model also need to pay a lot of additional costs. According to NIO's financial report, from 2018 to 2022, it paid about 223 million yuan, 441 million yuan, 532 million yuan, 715 million yuan and 1.127 billion yuan to JAC Motors. It is understood that when cooperating with JAC, NIO will have to bear the relevant employee expenses, flatten the operating costs of JAC, and pay the corresponding OEM fees.

3.16 billion yuan to buy the assets of JAC! NIO will end the history of OEM, and the labor cost in the last era reached 1.127 billion yuan

On December 5, NIO also announced its financial report for the third quarter of 2023, with deliveries and revenue reaching record highs, losses narrowing significantly quarter-on-quarter, gross profit margin increasing, and cash reserves reaching 45.2 billion yuan. However, the company expects fourth-quarter deliveries and revenue to decline by more than 10% quarter-on-quarter.

According to Yicai, NIO said on the earnings call today, "From a manufacturing perspective, if we manufacture completely independently, manufacturing costs will drop by 10%." ”

Editor丨Lin Qin, Comprehensive Beijing Business Daily

(Reporter Liu Yang, Liu Xiaomeng),

The Paper, CBN, Red Star News

Picture丨Screenshot of Beijing Business Daily and announcement

3.16 billion yuan to buy the assets of JAC! NIO will end the history of OEM, and the labor cost in the last era reached 1.127 billion yuan

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