In 1996 Nanjing Auto established NAVECO (Nanjing Iveco Automobile Co Ltd) with Iveco, Fiat's commercial vehicles unit. The joint venture initially manufactured a version of the Iveco Daily for sale in the Chinese market, and, as of 1995, it continued to make light trucks, but had added diesel engines as well. It produces under the IVECO and Yuejin brands. The company acquired the truck manufacturing assets of Yuejin Motor Company sometime in 2007.