The transaction between Jianghuai Automobile and NIO's two factories has been finalized.
On December 5th, Anhui Jianghuai Automobile Group Co., Ltd. (Jianghuai Automobile, 600418) announced the progress of publicly listing and transferring some assets, stating that NIO Automotive Technology (Anhui) Co., Ltd. (hereinafter referred to as "NIO Automobile") has become the transferee of the first and third package of assets, with a total transaction price of 3.158 billion yuan; Hefei Hengchuang Intelligent Technology Co., Ltd. (hereinafter referred to as "Hefei Hengchuang") has become the transferee of the second package of assets, with a transaction price of 1.418 billion yuan.
Subsequently, NIO announced on the Hong Kong Stock Exchange that the company will acquire production equipment and assets from the first and second advanced manufacturing bases in Jianghuai, with a total price excluding tax of approximately 3.16 billion yuan.
The subject matter of this transfer is the inventory, fixed assets, construction in progress, buildings and land use rights of the third factory of the company's passenger car company, as well as the structures and equipment assets of the new bridge factory of the passenger car company.
According to the announcement released by Jianghuai Automobile on October 19th, the above-mentioned assets include inventory, fixed assets, and construction in progress of the third factory of the passenger car company; The second package refers to the buildings, ongoing construction, and land use rights of the third factory of the passenger car company; The three guarantees are for the structures and equipment of the Xinqiao factory of the passenger car company.
Public information shows that the third passenger car factory in Jianghuai is NIO Hefei Advanced Manufacturing Base (NIO F1 Factory), while the Xinqiao Factory is NIO's second advanced manufacturing base (NIO F2 Factory).
That is to say, NIO has purchased the inventory, fixed assets, and some ongoing construction of the F2 factory and F1 factory. The second advanced manufacturing base of NIO is the main production base of NIO Automobile, which broke ground on April 29, 2021 and was officially put into operation on September 26, 2022.
Hefei Hengchuang has purchased the buildings, land use rights, and some ongoing projects of the F1 factory. According to Tianyancha, Hefei Hengchuang was established in 2016 and is located in Hefei City, Anhui Province. It is a member of Hefei Haiheng Holdings Group and is mainly engaged in the manufacturing of general equipment. The legal representative is Weipeng.
According to Tianyancha, the actual controller of Hefei Hengchuang is the State owned Assets Supervision and Administration Commission of Hefei Economic and Technological Development Zone.
The equity chart penetration chart shows that the controlling shareholder of Hefei Hengchuang is Hefei Haiheng Holding Group Co., Ltd., holding 52% of the shares, and the controlling shareholder behind it is the State owned Assets Supervision and Administration Commission of Hefei Economic Development Zone; The other shareholder is Hefei Industrial Investment Holding (Group) Co., Ltd., which holds 48% of the shares. Hefei Industrial Investment Holding (Group) Co., Ltd. is wholly owned by the Hefei State owned Assets Supervision and Administration Commission.
NIO's purchase of a production base may be related to its application for car manufacturing qualifications. On December 4th, NIO appeared in the credit information management system of the Ministry of Industry and Information Technology's vehicle production enterprise, which also means that NIO has finally obtained the qualification for automobile production.
Prior to this, Jianghuai had already turned to Huawei's embrace.
On December 1st, Jianghuai Automobile announced the signing of the Intelligent New Energy Vehicle Cooperation Agreement with Huawei Terminal Co., Ltd., stating that it will form a strong alliance with Huawei terminals, complement each other's advantages, and fully cooperate in product development, production and manufacturing, sales, services and other fields based on Huawei's intelligent vehicle solutions, focusing on building luxury intelligent connected electric vehicles.
On December 5th, Jianghuai Automobile closed down 2.64% at 17.36 yuan per share.