Articles Tagged with "JAC"

JAC continues to offer NIO contract manufacturing service for three years
JAC continues to offer NIO contract manufacturing service for three years

NIO announced on May 24 it has signed agreements with Anhui Jianghuai Automobile Group Co.,Ltd. (JAC) and Jianglai Advanced Manufacturing Technology (Anhui) Co.,Ltd. (Jianglai) for the joint production of NIO’s vehicles and relevant fee arrangements.

May 25 , 2021
JAC Group announces 34.52% year-on-year jump in 2020 net profit
JAC Group announces 34.52% year-on-year jump in 2020 net profit

JAC Group’s financial results show that the company gained 142.613 million yuan ($21.736 million) in annual net profit attributable to shareholders for the year of 2020, jumping 34.52% year on year.

Mar. 30 , 2021
JAC Group, Sinotrans team up on supply chain service, smart logistics
JAC Group, Sinotrans team up on supply chain service, smart logistics

JAC Group signed a framework agreement with Sinotrans Limited, one of the largest logistics companies in China, to co-build a highly efficient modern automotive logistics service system by leveraging both parties’ advantageous resources.

Mar. 25 , 2021
JAC Motors’ new PV brand launched with same name as JAC-VW JV’s BEV brand SOL
JAC Motors’ new PV brand launched with same name as JAC-VW JV’s BEV brand SOL

JAC Motors launched at the Auto China 2020 its all-new PV brand “SOL” (Chinese says “思皓”, Sihao), named same as the affordable-EV brand launched in 2018 by JAC-Volkswagen joint venture.

Sep. 27 , 2020
JAC Motors forecasted to suffer net loss of 146 million yuan in first half of 2020
JAC Motors forecasted to suffer net loss of 146 million yuan in first half of 2020

JAC Motors is forecasted to post a net loss attributable to shareholders of 146 million yuan ($20,866,378) for the first half of 2020, a nosedive from the net profit of 125,114,300 yuan ($17,881,386) gained in the year-ago period.

Jul. 31 , 2020
JAC Volkswagen’s registered capital increased by over 5 billion yuan
JAC Volkswagen’s registered capital increased by over 5 billion yuan

Both JAC Motors and Volkswagen (China) Investment Co., Ltd. have finished subscribing for the equity stake newly issued by JAC Volkswagen, which made the registered capital of the joint venture surge to 7.356 billion yuan from 2 billion yuan.

Jul. 22 , 2020