JAC Motor's EV Sales Soar 196% in 8 Months, Driven by Nio Partnership
JAC Motor, a prominent player in the automotive industry, has witnessed remarkable growth in its electric vehicle (EV) sales and production. The company, in collaboration with Nio, has established Jianglai Advanced Manufacturing Technology (Anhui) Co. and inked a five-year deal with Nio in 2016.
From January to August, JAC's EV sales skyrocketed by 196% compared to the previous year, totaling 75,693 units. This impressive growth is mirrored in the monthly production figures. In August alone, JAC produced 7,619 EVs, a 92% increase from the same month last year. Cumulatively, from January to August, JAC produced 74,737 EVs, marking a 192% increase year-over-year.
However, the overall car sales for JAC in August saw a decrease of 27% compared to the same period last year, with 30,412 units sold. Despite this, the cumulative total for January-August showed a 23% increase year-over-year, with 354,631 units sold. Nio, JAC's partner, delivered 5,880 vehicles in August, a 48% increase year-over-year but a decrease of about 26% from July. JAC, as Nio's auto manufacturing partner, sold 8,075 electric passenger vehicles in August, up 89% year-over-year but down 33% from July.
JAC Motor's partnership with Nio has fueled significant growth in EV sales and production, with a 196% increase in sales and a 192% increase in production from January to August. While overall car sales saw a decrease in August, the cumulative total for the year remains positive. Nio's delivery figures also reflect this growth, with a 48% increase year-over-year. JAC's role as Nio's manufacturing partner has been pivotal in these accomplishments.
Read also:
- Yasa, an electric car engine producer, plans to broaden its operations.
- Tesla's Berlin Gigafactory Hit by 26 Environmental Incidents
- White House Budget Proposal Threatens Infrastructure Projects, Jobs
- View the discussion: Gary Allen of Ryder on automation, expansion, and superior supply chain performance
