Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. Announces Dissolution

On July 7, the National Enterprise Credit Information Publicity System announced that Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. has added a notice of cancellation, with the reason for cancellation being 'resolution to dissolve'. The announcement period is from June 10 to July 24. Founded in March 2021, Jianglai Advanced Manufacturing Technology has a registered capital of 510 million RMB, and its business scope includes the production of road motor vehicles, production line management services, and supply chain management services. The company is jointly held by NIO Inc. and Anhui Jianghuai Automobile Group Co., Ltd. NIO's partnership with Jianghuai dates back to 2016 when both parties reached a cooperation agreement, allowing Jianghuai to manufacture NIO's vehicles, which must carry the 'Jianghuai Automobile' logo. Subsequently, in October 2023, Jianghuai announced plans to publicly transfer part of its assets. The next day, insiders revealed that the assets involved in the transfer included two factories in cooperation with NIO: the Jianghuai-NIO Advanced Manufacturing Base and the NIO Second Advanced Manufacturing Base. NIO Co-founder and President Qin Lihong confirmed the matter. In December of the same year, Jianghuai announced that it received a project 'Bid Result Notification' from the Anhui Provincial Property Rights Transaction Center, indicating that NIO became the transferee of asset packages one and three, with a total transaction price of 3.158 billion RMB. Hefei Hengchuang Intelligent Technology Co., Ltd. became the transferee of asset package two, with a transaction price of 1.418 billion RMB. According to the Tianyancha App, Hefei Hengchuang's shareholders are the Hefei Economic Development Zone State-owned Assets Supervision and Administration Commission and the Hefei State-owned Assets Supervision and Administration Commission. The total transaction price amounts to 4.577 billion RMB.