Scan the QR code with wechat < / P > < p > share with friends and circle of friends < / P > < p > Author: Wu ziye ▪ Yang Haiyan, editor in chief: Li Suwan, March 4, < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E6%B1%9F%E6%B7%AE%E6%B1%BD%E8%BD%A6 "> JAC < / a > (600418. SH) announced that the company and < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E8%94%9A%E6%9D%A5 "> Weilai < / a > Holding Co., Ltd. has signed a letter of intent to establish a joint venture, jianglai advanced manufacturing technology (Anhui) Co., Ltd. (hereinafter referred to as" jianglai advanced ") in Hefei. < / P > < p > the registered capital of the above joint venture company is proposed to be RMB 500 million. Among them, JAC motor plans to subscribe RMB 255 million in cash, accounting for 51% of the total registered capital; Weilai motor plans to subscribe RMB 245 million in cash, accounting for 49% of the total registered capital. < / P > < p > "this company is responsible for the daily management and operation of JAC Weilai advanced manufacturing base. Before that, the management and engineers of both sides and the production personnel of JAC were assigned. If the agreement is successfully implemented, the production personnel will be provided by the joint venture in the future. " An insider of Weilai automobile told the reporter of China first finance and economics today that the establishment of the joint venture means that Weilai automobile will have a stronger voice in the grassroots and can have a more in-depth management of its manufacturing and operation. < / P > < p > this is not the first cooperation between Weilai and JAC. As early as April 2016, Weilai automobile and JAC automobile signed the manufacturing cooperation framework agreement, confirming the plan of JAC OEM phase I production capacity of 50000 vehicles, while the construction of JAC Weilai advanced manufacturing base in Hefei Economic Development Zone officially started on October 23 of the same year. Since then, JAC has been the OEM of Weilai automobile. Up to now, several mass production models of Weilai automobile have been produced by JAC. According to the announcement, < p > < p > jianglai advanced's business scope includes manufacturing, process research and development, manufacturing management and operation service of intelligent electric vehicles and parts; supply chain management; R & D and sales of automobile parts; technical consultation, technology transfer, technical service and personnel training related to intelligent electric vehicles; exhibition service and business service related to the above activities. < / P > < p > it is worth noting that not long ago, Li Bin, CEO of Weilai automobile, said in the financial report telephone conference that Weilai automobile will launch a new brand to enter the mass market, which has been reduced compared with < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E5%B9%BF%E6%B1%BD "> share ratio of GAC < / a >, Chang'an cooperation project. < / P > < p > for this cooperation, JAC said in the announcement that the business purpose of advanced manufacturing of jianglai is to lead the production and manufacturing with innovation drive, promote the transformation and upgrading of the automobile industry, and explore to create an innovative business model through the in-depth cooperation in the field of advanced manufacturing technology and services between the two sides. The joint venture will further deepen the cooperation on the basis of the existing manufacturing cooperation between the two sides, provide intelligent manufacturing and technical service solutions for customers relying on industrial Internet and mature manufacturing management experience, innovate and explore in new energy vehicle manufacturing, service mode and management mechanism, and build a new ecology of "advanced manufacturing + industrial Internet" on this basis. Jianghuai motor believes that the establishment of jianglai advanced joint venture is to further deepen cooperation on the basis of new energy vehicle manufacturing cooperation between the two sides. At present, the joint venture is still in the planning stage and will not affect the business performance of Jianghuai motor. < / P > < p > "this is a way for both sides to strengthen cooperation. In the past, only OEM relationship existed between the two sides. The advanced technology of Weilai automobile and JAC automobile will be better integrated, which is beneficial to the development of JAC automobile and also stabilizes the relationship between the two sides. For Weilai automobile, Jianghuai Automobile is the leading enterprise in Anhui Province, and this kind of cooperation is also very beneficial to its development in Anhui Province. " Cui Dongshu, Secretary General of the Federation, told China first finance and economics. < / P > < p > in addition to this joint venture with Weilai automobile, JAC automobile has also made joint venture with < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E5%A4%A7%E4%BC%97%E6%B1%BD%E8%BD%A6 "> Volkswagen has set up a joint venture to develop new energy vehicles. Not long ago, Volkswagen led the joint venture project of JAC Volkswagen, and JAC Volkswagen Co., Ltd. has changed its name to "Volkswagen (Anhui) Co., Ltd.". < / P > < p > < p > "JAC has joint ventures with different companies to inject various resources with it as the carrier. Jianghuai Automobile does have some technical bottlenecks in its development. It will be relatively complete if it joins hands with Volkswagen to obtain some technical support for the chassis of electric vehicles, and in the future, it will obtain some technical support for the joint venture with Weilai automobile. " Cui Dongshu told reporters. In addition to the advantage in equity, JAC also occupies the majority in the management of the joint venture. According to the announcement, jianglai advanced board of directors is to be composed of five directors. Among them, JAC has three directors and Weilai has two. The chairman of the board of directors is to be appointed by JAC, and the vice chairman is to be appointed by Weilai. < / P > < p > "JAC strives to integrate some of Weilai's things into its own system. Although JAC is a major shareholder, the party who controls the technology often controls the right to speak, while Weilai determines the right to import technology. From the perspective of equity, Weilai is still adopting the OEM mode. In the future, we need to consider how to build a factory independently. " Cui Dongshu told reporters.