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Core Viewpoint - NIO's joint venture with JAC Motors has been dissolved, which is related to NIO obtaining independent production qualifications [2][4]. Group 1: Termination of Cooperation - The dissolution of Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. confirms the end of manufacturing cooperation between NIO and JAC Motors, which began in 2016 [4]. - In 2021, NIO and JAC Motors signed a joint venture agreement to further their collaboration in electric vehicle manufacturing and established Jianglai Company for manufacturing management and supply chain management [5]. Group 2: Independent Production Qualification - By 2024, NIO acquired its own factory and production qualifications, leading to the termination of its manufacturing cooperation with JAC Motors [5]. - NIO's founder, Li Bin, introduced the new manufacturing facility, which features the industry's first domestically developed steel-aluminum hybrid production line, set to begin operations in August 2024 [11]. Group 3: Future Collaborations - Despite the end of manufacturing cooperation, NIO and JAC Motors will continue to collaborate in other areas of smart electric vehicles, including a strategic cooperation framework for battery swapping [6][5]. Group 4: Market Performance - As of July 7, the stock price of JAC Motors was reported at 41.27 CNY per share, with a total market capitalization of 901.3 billion CNY [7]. - NIO's stock price was reported at 26.75 HKD per share, with a total market capitalization of 605.8 billion HKD [12].