Core Viewpoint - NIO and JAC Motors have dissolved their joint venture, Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd., as NIO has obtained independent manufacturing qualifications and will continue to collaborate with JAC in other areas [1][3]. Group 1: Joint Venture and Manufacturing Qualifications - The joint venture was established in 2021 to manage the advanced manufacturing base for NIO vehicles, including models like ES8 and ES6 [2]. - NIO's founder, Li Bin, indicated that independent manufacturing could reduce production costs by 10%, which is crucial for addressing ongoing losses [2][3]. - The dissolution of the joint venture does not affect existing collaborations between NIO and JAC in the smart electric vehicle sector [3]. Group 2: Financial Implications and Historical Context - From 2018 to 2022, NIO paid JAC a total of approximately 40.38 million yuan in contract manufacturing fees, indicating that JAC has recouped its factory construction costs [3]. - JAC Motors has other partnerships in the electric vehicle space, including collaborations with Volkswagen and Huawei, which may mitigate the impact of the joint venture's dissolution [3].