Jiangling Motors: Difference between revisions

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	{{Distinguish\|Golden Dragon (company)}}
	{{Short description\|Chinese automobile manufacturer}}		{{Short description\|Chinese automobile manufacturer}}
			{{Distinguish\|Jiangling Motors Corporation Group}}
	{{Infobox company		{{Infobox company
	\| name = Jiangling Motors Corporation Limited		\| name = Jiangling Motors Corporation Limited
Line 6:		Line 6:
	\| logo_size = 90		\| logo_size = 90
	\| predecessor = ] truck production division		\| predecessor = ] truck production division
	\| type = ]~~{{citation needed\|date=July 2017}}~~		\| type = ]
	\| company_slogan =		\| company_slogan =
	\| traded_as = {{SZSE\|000550}}		\| traded_as = {{SZSE\|000550}}
	\| foundation = {{start date and age\|1993}}		\| foundation = {{start date and age\|1993}}
	\| founder =		\| founder =
	\| divisions = ]		\| divisions = {{ubl \|] \|JMC New Energy}}
	\| location_city = ], ]		\| location_city = ], ]
	\| location_country = China		\| location_country = China
	\| location =		\| location =
	\| key_people = {{ubl\|class=nowrap\|Tiangao Qiu ~~{{small\|~~(~~Chairman~~)~~}}\|David~~ ~~Schoch {{small~~\|~~(Vice~~ ~~Chairman)}}\|Thomas~~ ~~Fann {{small\|~~(~~President~~)}}}}		\| key_people = {{ubl\|class=nowrap\|Tiangao Qiu (chairman) \|Chunying Xiong (president)}}
	\| num_employees = 16,~~865~~		\| num_employees = 12,339 (December 2022)<ref name=AR />
	\| parent =		\| parent =
	\| owners = {{ubl \|Nanchang Jiangling Investment Co., Ltd. (41.03%)<ref group="note">Jiangling Investment is an equally-owned holding whose ultimate controllers are the Nanchang State-owned Assets Supervision and Administration Committee and the ].</ref> \|] (32%)}}<ref name=AR>{{cite web \|url=https://q.stock.sohu.com/newpdf/~~202143629113~~.pdf \|title=Jiangling Motors Corporation, Ltd. ~~2020~~ Annual Report \|publisher=JMC \|pages=4, 11, ~~40–42~~, ~~75–77~~ \|access-date=27 ~~April~~ ~~2021~~ \|via=Sohu}}</ref><ref name=new>{{cite web\|title=江铃汽车和长安汽车共同成立投资公司注册资本10亿元 \|url=https://m.nbd.com.cn/articles/2019-05-30/1337960.html \|trans-title=Jiangling Group and Changan Automobile jointly established an investment company with a registered capital of 1 billion yuan \|language=zh \|last=Jian \|first=Jianru \|editor-last=Zhang \|editor-first=Bei \|website=nbd.com.cn \|date=30 May 2019 \|access-date=7 June 2019}}</ref><ref name=new2>{{cite news\|url=https://www.chinaautoreview.com/index.php/aiways-acquires-50-percent-stake-in-jiangling-holding-for-nearly-%EF%BF%A51-75-billion/ \|title=AIWAYS Acquires 50 Percent Stake In Jiangling Holding For Nearly ￥1.75 Billion \|work=China Automotive Review \|last=Xing \|first=Lei \|date=6 June 2019 \|access-date=7 June 2019}}</ref>		\| owners = {{ubl \|Nanchang Jiangling Investment Co., Ltd. (41.03%)<ref group="note">Jiangling Investment is an equally-owned holding whose ultimate controllers are the Nanchang State-owned Assets Supervision and Administration Committee and the ].</ref>
			\|] (32%)}}<ref name=AR>{{cite web \|url=https://q.stock.sohu.com/newpdf/202352563123.pdf \|title=Jiangling Motors Corporation, Ltd. 2022 Annual Report \|publisher=JMC \|pages=11, 49, 65–66, 77–79 \|access-date=16 July 2023 \|via=Sohu}}</ref><ref name=new>{{cite web\|title=江铃汽车和长安汽车共同成立投资公司注册资本10亿元 \|url=https://m.nbd.com.cn/articles/2019-05-30/1337960.html \|trans-title=Jiangling Group and Changan Automobile jointly established an investment company with a registered capital of 1 billion yuan \|language=zh \|last=Jian \|first=Jianru \|editor-last=Zhang \|editor-first=Bei \|website=nbd.com.cn \|date=30 May 2019 \|access-date=7 June 2019}}</ref><ref name=new2>{{cite news\|url=https://www.chinaautoreview.com/index.php/aiways-acquires-50-percent-stake-in-jiangling-holding-for-nearly-%EF%BF%A51-75-billion/ \|title=AIWAYS Acquires 50 Percent Stake In Jiangling Holding For Nearly ￥1.75 Billion \|work=China Automotive Review \|last=Xing \|first=Lei \|date=6 June 2019 \|access-date=7 June 2019}}</ref>
	\| industry = ]		\| industry = ]
	\| products = ]s		\| products = ]s
	\| production = {{~~increase~~}} ~~336~~,~~315~~ (~~2020~~)<ref name=AR />		\| production = {{decrease}} 281,594 (2022)<ref name=AR />
	\| revenue = {{~~increase~~}} {{yuan\|33.09 billion\|link=yes}} (~~2020~~)<ref name=AR />		\| revenue = {{decrease}} {{yuan\|30.10 billion\|link=yes}} (2022)<ref name=AR />
	\| operating_income = {{increase}} {{yuan\|0.61 billion}} (~~2020~~)<ref name=AR />		\| operating_income = {{increase}} {{yuan\|0.90 billion}} (2022)<ref name=AR />
	\| net_income = {{increase}} {{yuan\|0.55 billion}} (~~2020~~)<ref name=AR />		\| net_income = {{increase}} {{yuan\|0.86 billion}} (2022)<ref name=AR />
	\| assets = {{increase}} {{yuan\|28.18 billion}} (~~2020~~)<ref name=AR />		\| assets = {{increase}} {{yuan\|27.47 billion}} (2022)<ref name=AR />
	\| equity = {{increase}} {{yuan\|10.99 billion}} (~~2020~~)<ref name=AR />		\| equity = {{increase}} {{yuan\|9.24 billion}} (2022)<ref name=AR />
	\| homepage = {{URL\|https://www.jmc.com.cn/\|jmc.com.cn}}		\| homepage = {{URL\|https://www.jmc.com.cn/\|jmc.com.cn}}
			\| subsid = {{ubl \|] (dormant) \|Jiangling Ford Motor Technology (Shanghai) Company (51%)}}
	\| subsid =
	\| module = {{Chinese\|child=yes\|s=江铃汽车股份有限公司\|t=江鈴汽車股份有限公司\|p=Jiānglíng Qìchē Gǔfèn Yǒuxiàn Gōngsī\|order=st}}		\| module = {{Infobox Chinese\|child=yes\|s=江铃汽车股份有限公司\|t=江鈴汽車股份有限公司\|p=Jiānglíng Qìchē Gǔfèn Yǒuxiàn Gōngsī\|order=st}}
	\| footnotes =		\| footnotes =
	}}		}}
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	In 2013, JMC reorganized the heavy truck manufacturer Changan Taiyuan as a wholly owned subsidiary named ].<ref name=prof>{{cite web\|title=江铃重汽 \|url=https://product.360che.com/intro/17.html \|trans-title=Jiangling Heavy Vehicle \|language=zh \|website=360che.com		In 2013, JMC reorganized the heavy truck manufacturer Changan Taiyuan as a wholly owned subsidiary named ].<ref name=prof>{{cite web\|title=江铃重汽 \|url=https://product.360che.com/intro/17.html \|trans-title=Jiangling Heavy Vehicle \|language=zh \|website=360che.com
	\|access-date=4 April 2019}}</ref> In mid-2021, JMC Heavy Duty Vehicle was sold to ].<ref>{{cite news\|url=https://www.yicaiglobal.com/news/volvo-buys-jiangling-motors-unit-to-start-making-heavy-duty-trucks-in-china \|title=Volvo buys Jiangling Motors' unit to start making heavy-duty trucks in China\|work=Yicai Global \|last=Zhang \|first=Yushuo \|date=24 August 2021 \|~~accessdate~~=22 February 2022}}</ref>		\|access-date=4 April 2019}}</ref> In mid-2021, JMC Heavy Duty Vehicle was sold to ].<ref>{{cite news\|url=https://www.yicaiglobal.com/news/volvo-buys-jiangling-motors-unit-to-start-making-heavy-duty-trucks-in-china \|title=Volvo buys Jiangling Motors' unit to start making heavy-duty trucks in China \|work=Yicai Global \|last=Zhang \|first=Yushuo \|date=24 August 2021 \|access-date=22 February 2022}}</ref> Volvo Trucks later terminated the acquisition agreement, leaving JMC Heavy Duty Vehicle as a JMC subsidiary. {{As of\|May 2023}}, JMC Heavy Duty Vehicle production and sales are suspended.<ref>{{cite web\|title=江铃汽车：江铃重汽已暂停生产和销售，坚定新能源转型 \|url=https://car.tom.com/202305/1807267710.html \|trans-title=Jiangling Motors: JMC Heavy Duty Vehicle has suspended production and sales. The company is committed to new energy transformation \|language=zh \|work=Automotive News Gasgoo \|via=Tom.com \|date=24 May 2023 \|access-date=16 July 2023}}</ref>

	In December 2021, JMC and Ford established a ]-based joint venture focused on the production of passenger cars. The venture is called Jiangling Ford Motor Technology (Shanghai) Company (Jiangling Ford). JMC owns a 51% and Ford a 49% of its stake.<ref>{{cite web\|title=江铃福特共同成立汽车新公司注册资本2亿 \|url=http://m.caijing.com.cn/api/show?contentid=4829341 \|trans-title=Jiangling and Ford jointly established a new automotive company with a registered capital of {{CNY\|200 million}} \|language=zh \|work=Caijing \|date=28 December 2021 \|access-date=22 February 2022}}</ref>		In December 2021, JMC and Ford established a ]-based joint venture focused on the production of passenger cars. The venture is called Jiangling Ford Motor Technology (Shanghai) Company (Jiangling Ford). JMC owns a 51% and Ford a 49% of its stake.<ref>{{cite web\|title=江铃福特共同成立汽车新公司注册资本2亿 \|url=http://m.caijing.com.cn/api/show?contentid=4829341 \|trans-title=Jiangling and Ford jointly established a new automotive company with a registered capital of {{CNY\|200 million}} \|language=zh \|work=Caijing \|date=28 December 2021 \|access-date=22 February 2022}}</ref>
			== Products ==
			=== JMC (Jiangling) ===
			A brand mainly for commercial vehicles
			] photographed in Shenzhen, China]]
			] photographed in Cancun, Mexico]]
			] photographed in Shanghai, China]]
			] photographed in Dandong, China]]

	== Production ==
	=== Production bases ===
	JMC produces vehicles under the JMC, JMC Yusheng and Ford brands. It has assembly plants around Nanchang (at ] and the Xiaolan Economic Zone).<ref name=F>{{cite web\|title=公司简介\|trans-title=Company profile\|language=zh\|url=https://www.jmc.com.cn/contents/show/1700\|publisher=JMC\|access-date=14 October 2019}}</ref> JMC also has a ] plant (the Fushan plant) in the Xiaolan Economic Zone.<ref>{{cite web\|title=江铃汽车富山工厂全面投产 \|url=https://m.jxnews.com.cn/jx/system/2021/09/10/019389815.shtml \|trans-title=Jiangling Motors' Fushan plant fully operational \|language=zh \|work=Jiangxi News \|date=10 September 2021 \|access-date=22 February 2022}}</ref>

	=== Products ===
	==== JMC (Jiangling) ====
	A brand mainly for commercial vehicles
	] photographed in Shanghai, China]]
	] photographed in Cancun, Mexico]]
	] photographed in Shanghai, China]]
	] photographed in Dandong, China]]
	* ] – Van		* ] – Van
	* ] – Van		* ] – Van
Line 74:		Line 71:
	** JMC Carrying (Kaiyun)		** JMC Carrying (Kaiyun)
	** ]		** ]
			** JMC Shunda EV<ref>{{cite web \|date=18 July 2023 \|title=上海：江铃汽车顺达EV 近期最高降1.0万 \|trans-title=Shanghai: JMC's Shunda EV price dropped recently by up to {{CN¥\|10,000}} \|url=https://m.pcauto.com.cn/x/qcbj/sh/znbj/2307/38656205.html \|access-date=19 July 2023 \|work=PC auto \|language=zh}}</ref>
	* ] (commercial van)		* ] (commercial van)
	*] (electric van for logistics)		* ] (electric van for logistics)
			* JMC ELushunV6 (BEV van)<ref>{{Cite web \|title=江铃汽车股份有限公司 - 车型子页 \|url=https://www.jmc.com.cn/brand.html?brand_id=1156&car_category=2 \|access-date=2024-02-15 \|website=www.jmc.com.cn}}</ref>

	==== Yusheng ====		=== Yusheng ===
	{{Main\|JMC Yusheng}}		{{Main\|JMC Yusheng}}

	A brand for passenger vehicles.		A brand for passenger vehicles.

	* ] CUV		* ] CUV
	* ] SUV		* ] SUV

	* Yusheng S330 EV/PHEV (proposed)
	===~~= Dadao =~~===		===Lexing===
			In June 2023, JMC unveiled Lexing ({{zh\|s=乐行\|p=Lèxíng\|l=Happy travel\|links=no}}), its first sub-brand aimed to only be used on ], and presented its first model, an electric light truck.<ref name="lexing2">{{cite web \|date=16 June 2023 \|title=驶入新赛道，江铃发布乐行新能源品牌，全球上市纯电轻卡E路达 \|trans-title=Entering a new path, JMC released the Lexing new energy brand, launching the pure electric light truck E-Road globally \|url=https://www.sohu.com/a/685915832_120774496 \|access-date=19 July 2023 \|work=Sohu Auto \|language=zh}}</ref>
	A brand for pickup trucks and SUVs. Launched in 2023.<ref>{{cite web\|url=https://www.autohome.com.cn/news/202303/1280970.html#pvareaid=102624\|website=autohome.com.cn\|title=Ecoboost发动机江铃全新品牌大道发布\|access-date=21 March 2023}}</ref>

			* Lexing E-Road<ref name="lexing2" />

			=== Dadao ===
			A brand for pickup trucks and SUVs. Launched in 2023.<ref>{{cite web \|title=Ecoboost发动机江铃全新品牌大道发布 \|url=https://www.autohome.com.cn/news/202303/1280970.html#pvareaid=102624 \|access-date=21 March 2023 \|website=autohome.com.cn}}</ref>

	* Dadao Mohe		* Dadao Mohe
			* Dadao EV (electric pickup truck)<ref>{{Cite web \|title=江铃汽车股份有限公司 - 车型子页 \|url=https://www.jmc.com.cn/brand.html?brand_id=904&car_category=2 \|access-date=2024-02-15 \|website=www.jmc.com.cn}}</ref>
	==== Licensed Ford production ====
			<gallery>
			File:JMC_Dadao_003.jpg\|Dadao Mohe
			</gallery>

			=== Ford ===

	* ] (minibus, developed by ] and JMC jointly)		* ] (minibus, developed by ] and JMC jointly)
	* ] SVO – based on Ford E-series vans:		* ] SVO – based on Ford E-series vans:
Line 95:		Line 108:
	* ]		* ]
	* ]		* ]
	* ]		* ] (Export)

	* ]
			== Joint venture ==
			In January 2022, Ford and JMC announced the establishment of '''Jiangling Ford Automobile Technology''' (Shanghai) Co., Ltd, a 49:51 joint venture to distribute Ford brand's passenger vehicle in China under '''Ford Beyond''' brand. Since Ford Motor Company holds a 32% stake in JMC, the controlling shareholder of the joint venture, after equity piercing, Ford actually holds 65.32% of the company's shares, making it a substantially foreign-controlled enterprise.<ref>{{Cite web \|title=Ford and JMC Launch Passenger Vehicle Joint Venture in China {{!}} China {{!}} English {{!}} Ford Media Center \|url=https://media.ford.com/content/fordmedia/fap/cn/en/news/2022/01/26/ford-and-JMC.html \|access-date=2024-11-16 \|website=media.ford.com}}</ref>

			The Ford Beyond is merely a distribution channel brand, its product are sourced from JMC or directly imported.<ref>{{Cite web \|title=Ford, Jiangling form China joint venture to sell SUVs, vans \|url=https://www.reuters.com/business/autos-transportation/ford-jiangling-form-china-joint-venture-sell-suvs-vans-2022-01-26/ \|website=Reuters}}</ref>

			=== Ford Beyond product ===

			* ]
			* ]
			* ] (imported)

			== Production ==
			JMC produces vehicles under the JMC, JMC Yusheng, Ford and other brands and sub-brands. It has assembly plants around Nanchang (at ] and the Xiaolan Economic Zone).<ref name="F4">{{cite web \|title=公司简介 \|trans-title=Company profile \|url=https://www.jmc.com.cn/contents/show/1700 \|access-date=14 October 2019 \|publisher=JMC \|language=zh}}</ref> JMC also has a ] plant (the Fushan plant) in the Xiaolan Economic Zone.<ref>{{cite web \|date=10 September 2021 \|title=江铃汽车富山工厂全面投产 \|trans-title=Jiangling Motors' Fushan plant fully operational \|url=https://m.jxnews.com.cn/jx/system/2021/09/10/019389815.shtml \|access-date=22 February 2022 \|work=Jiangxi News \|language=zh}}</ref>

			== Sales ==
			The following table includes a list of annual sales according to company's data.

			{\| class="wikitable"
			\|+Sales of Jiangling Motors <ref>{{Cite web \|title=江铃汽车(000550) - 财务报告 - 股票行情中心 - 搜狐证券 \|url=https://q.stock.sohu.com/cn/000550/cwbg.shtml \|access-date=2024-01-10 \|website=q.stock.sohu.com}}</ref>
			!Year
			!Total
			!JMC
			!Yusheng
			!JMC Heavy Duty
			!Ford
			\|-
			!2010
			\|178,999
			\|126,641
			\| -
			\| -
			\|52,358
			\|-
			!2011
			\|194,588
			\|135,993
			\| -
			\| -
			\|58,595
			\|-
			!2012
			\|200,008
			\|134,485
			\|8,346
			\| -
			\|57,177
			\|-
			!2013
			\|230,006
			\|148,061
			\|14,160
			\|392
			\|67,785
			\|-
			!2014
			\|275,858
			\|177,036
			\|26,708
			\|38
			\|72,076
			\|-
			!2015
			\|262,756
			\|165,512
			\|19,651
			\|33
			\|77,560
			\|-
			!2016
			\|281,019
			\|163,219
			\|37,346
			\|52
			\|80,402
			\|-
			!2017
			\|310,028
			\|211,672
			\|29,151
			\|636
			\|68,569
			\|-
			!2018
			\|285,066
			\|218,257
			\|6,892
			\|1,516
			\|58,401
			\|-
			!2019
			\|290,058
			\|189,317
			\|1,551
			\|1,080
			\|98,110
			\|-
			!2020
			\|331,098
			\| colspan="4" \|undisclosed
			\|-
			!2021
			\|341,008
			\| colspan="4" \|undisclosed
			\|-
			!2022
			\|282,008
			\| colspan="4" \|undisclosed
			\|-
			!2023
			\|310,008
			\| colspan="4" \|undisclosed
			\|}

			Although Jiangling Motor is a public-listed company in which ] only holds a minority stake, the former's sales volume is consolidated into the latter's.<ref>{{Cite web \|title=Investor Information \|url=https://shareholder.ford.com/Investors/financials/default.aspx \|website=Ford Motor Company}}</ref>

	== See also ==		== See also ==
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	]		]
	]		]
	]		]
	]		]
	]		]

Latest revision as of 05:20, 11 December 2024

Chinese automobile manufacturer Not to be confused with Jiangling Motors Corporation Group.

Jiangling Motors Corporation Limited

Company type

Industry

Predecessor

JMCG truck production division

Founded

1993; 31 years ago (1993)

Headquarters

Nanchang, Jiangxi, China

Key people

Tiangao Qiu (chairman)
Chunying Xiong (president)

Products

Automobiles

Production output

281,594 (2022)

Revenue

CN¥30.10 billion (2022)

Operating income

CN¥0.90 billion (2022)

Net income

CN¥0.86 billion (2022)

Total assets

CN¥27.47 billion (2022)

Total equity

CN¥9.24 billion (2022)

Owners

Nanchang Jiangling Investment Co., Ltd. (41.03%)
Ford Motor Company (32%)

Number of employees

12,339 (December 2022)

Divisions

JMC Yusheng
JMC New Energy

Subsidiaries

JMC Heavy Duty Vehicle (dormant)
Jiangling Ford Motor Technology (Shanghai) Company (51%)

Chinese name

Simplified Chinese

江铃汽车股份有限公司

Traditional Chinese

江鈴汽車股份有限公司

Transcriptions
Standard Mandarin
Hanyu Pinyin	Jiānglíng Qìchē Gǔfèn Yǒuxiàn Gōngsī

Website

jmc.com.cn

Jiangling Motors Corporation Limited, abbreviated JMC, is a Chinese automobile manufacturer. According to company and press reports, the largest shareholder of JMC is Jiangling Investment, a company controlled equally by the state-owned enterprises Changan and Jiangling Motors Corporation Group (JMCG).

History

The history of Jiangling Motors Corporation (JMC) can be traced to a truck repair shop opened in Nanchang in 1947 which operated under the name Nanchang Motors Repair Factory. A JMC predecessor started assembling vehicles in 1968. The company was granted the approval of Jiangxi Province Economic Restructuring Commission to be reorganized to establish a joint stock limited company on February 20, 1993. JMC A shares and B shares were listed on Shenzhen Stock Exchange on December 1, 1993, and September 29, 1995, respectively.

In the 1990s, Ford lost a bid against American rival General Motors for getting a joint venture deal with the Chinese manufacturer SAIC Motor. In 1995, as part of its push for getting new Chinese partners, Ford acquired B shares equivalent to a 20% equity in JMC, becoming the second-largest shareholder. In 1996, JMC began selling its products in overseas markets, initially Egypt and the Middle East. As of 2021, the largest overseas market by volume for JMC is Chile. In 1997, JMC and Ford started the production of their first joint product, the Ford Transit, with JMC supplying various key components (as engines and axles) and Ford the design. In 1998, after JMC issued additional B shares, Ford upped its stake to 30%. In 2013, Ford purchased more B shares, increasing its stake to over 30%.

In late 2010, Jiangling released the first passenger vehicle of JMC under the newly launched JMC Yusheng sub-brand, the Yusheng S350 SUV.

In 2013, JMC reorganized the heavy truck manufacturer Changan Taiyuan as a wholly owned subsidiary named JMC Heavy Duty Vehicle. In mid-2021, JMC Heavy Duty Vehicle was sold to Volvo Trucks. Volvo Trucks later terminated the acquisition agreement, leaving JMC Heavy Duty Vehicle as a JMC subsidiary. As of May 2023, JMC Heavy Duty Vehicle production and sales are suspended.

In December 2021, JMC and Ford established a Shanghai-based joint venture focused on the production of passenger cars. The venture is called Jiangling Ford Motor Technology (Shanghai) Company (Jiangling Ford). JMC owns a 51% and Ford a 49% of its stake.

Products

JMC (Jiangling)

A brand mainly for commercial vehicles

JMC Teshun – Van
JMC Fushun – Van
Jiangling CV9 minivan
JMC BaoWei (SUV)
JMC pickup
- JMC Boarding (JMC Baodian) pickup
- JMC Yuhu pickup
- JMC Yuhu 3 pickup
- JMC Yuhu 5 pickup
- JMC Yuhu 7 pickup
- JMC Yuhu 9 pickup
- JMC Yuhu EV pickup
JMC Qingka (Jiangling Light Truck) (small truck) – light trucks series
- JMC Convey (Kaiwei)
- JMC Conquer (Kairui and Kairui 800)
- JMC Carrying (Kaiyun)
- JMC Shunda
- JMC Shunda EV
JMC Yunba (commercial van)
JMC E-Lushun (electric van for logistics)
JMC ELushunV6 (BEV van)

Yusheng

Main article: JMC Yusheng

A brand for passenger vehicles.

Yusheng S330 CUV
Yusheng S350 SUV

Lexing

In June 2023, JMC unveiled Lexing (Chinese: 乐行; pinyin: Lèxíng; lit. 'Happy travel'), its first sub-brand aimed to only be used on new energy vehicles, and presented its first model, an electric light truck.

Lexing E-Road

Dadao

A brand for pickup trucks and SUVs. Launched in 2023.

Dadao Mohe
Dadao EV (electric pickup truck)

Dadao Mohe

Ford

JMC Transit (minibus, developed by Ford and JMC jointly)
JMC E-series SVO – based on Ford E-series vans:
- E350 Communication/Command Vehicle
- E250 Luxury Business Vehicle
- E350 Investigation Vehicle
- E350 Anti-riot Assault Vehicle
Ford Equator
Ford Equator Sport
Ford Territory (Export)

Joint venture

In January 2022, Ford and JMC announced the establishment of Jiangling Ford Automobile Technology (Shanghai) Co., Ltd, a 49:51 joint venture to distribute Ford brand's passenger vehicle in China under Ford Beyond brand. Since Ford Motor Company holds a 32% stake in JMC, the controlling shareholder of the joint venture, after equity piercing, Ford actually holds 65.32% of the company's shares, making it a substantially foreign-controlled enterprise.

The Ford Beyond is merely a distribution channel brand, its product are sourced from JMC or directly imported.

Ford Beyond product

Production

JMC produces vehicles under the JMC, JMC Yusheng, Ford and other brands and sub-brands. It has assembly plants around Nanchang (at Qingyunpu and the Xiaolan Economic Zone). JMC also has a new energy vehicle plant (the Fushan plant) in the Xiaolan Economic Zone.

Sales

The following table includes a list of annual sales according to company's data.

Sales of Jiangling Motors
Year	Total	JMC	Yusheng	JMC Heavy Duty	Ford
2010	178,999	126,641	-	-	52,358
2011	194,588	135,993	-	-	58,595
2012	200,008	134,485	8,346	-	57,177
2013	230,006	148,061	14,160	392	67,785
2014	275,858	177,036	26,708	38	72,076
2015	262,756	165,512	19,651	33	77,560
2016	281,019	163,219	37,346	52	80,402
2017	310,028	211,672	29,151	636	68,569
2018	285,066	218,257	6,892	1,516	58,401
2019	290,058	189,317	1,551	1,080	98,110
2020	331,098	undisclosed
2021	341,008	undisclosed
2022	282,008	undisclosed
2023	310,008	undisclosed

Although Jiangling Motor is a public-listed company in which Ford Motor Company only holds a minority stake, the former's sales volume is consolidated into the latter's.

Notes

Jiangling Investment is an equally-owned holding whose ultimate controllers are the Nanchang State-owned Assets Supervision and Administration Committee and the SASAC.

References

^ "Jiangling Motors Corporation, Ltd. 2022 Annual Report" (PDF). JMC. pp. 11, 49, 65–66, 77–79. Retrieved 16 July 2023 – via Sohu.
^ Jian, Jianru (30 May 2019). Zhang, Bei (ed.). "江铃汽车和长安汽车共同成立投资公司注册资本10亿元" [Jiangling Group and Changan Automobile jointly established an investment company with a registered capital of 1 billion yuan]. nbd.com.cn (in Chinese). Retrieved 7 June 2019.
^ Xing, Lei (6 June 2019). "AIWAYS Acquires 50 Percent Stake In Jiangling Holding For Nearly ￥1.75 Billion". China Automotive Review. Retrieved 7 June 2019.
Gallagher, Kelly Sims (2006). China Shifts Gears: Automakers, Oil, Pollution, and Development. MIT Press. p. 80. ISBN 978-0-262-07270-0. Jiangling Transit Ford.
^ Moser, Michael J.; Yu, Fu (2014). Doing Business in China. Juris Publishing. ISBN 978-1-57823-155-3.
^ Luo, Yadong (2000). How to Enter China. University of Michigan Press. pp. 300, 303. ISBN 978-0-472-11188-6.
"JMC's sales in Chile jumped 300% YoY in 2021". China Trucks. 27 December 2021. Retrieved 22 February 2022.
Yan, Fang; Takada, Kazunori (17 April 2013). "Ford raises stake in China's Jiangling Motors". Reuters. Retrieved 1 February 2019.
"JMC, a Ford Partner, Releases First Passenger Car–Yusheng SUV". ChinaAutoWeb.com. 5 December 2010.
"江铃重汽" [Jiangling Heavy Vehicle]. 360che.com (in Chinese). Retrieved 4 April 2019.
Zhang, Yushuo (24 August 2021). "Volvo buys Jiangling Motors' unit to start making heavy-duty trucks in China". Yicai Global. Retrieved 22 February 2022.
"江铃汽车：江铃重汽已暂停生产和销售，坚定新能源转型" [Jiangling Motors: JMC Heavy Duty Vehicle has suspended production and sales. The company is committed to new energy transformation]. Automotive News Gasgoo (in Chinese). 24 May 2023. Retrieved 16 July 2023 – via Tom.com.
"江铃福特共同成立汽车新公司注册资本2亿" [Jiangling and Ford jointly established a new automotive company with a registered capital of CN¥200 million]. Caijing (in Chinese). 28 December 2021. Retrieved 22 February 2022.
"上海：江铃汽车顺达EV 近期最高降1.0万" [Shanghai: JMC's Shunda EV price dropped recently by up to CN¥10,000]. PC auto (in Chinese). 18 July 2023. Retrieved 19 July 2023.
"江铃汽车股份有限公司 - 车型子页". www.jmc.com.cn. Retrieved 2024-02-15.
^ "驶入新赛道，江铃发布乐行新能源品牌，全球上市纯电轻卡E路达" [Entering a new path, JMC released the Lexing new energy brand, launching the pure electric light truck E-Road globally]. Sohu Auto (in Chinese). 16 June 2023. Retrieved 19 July 2023.
"Ecoboost发动机江铃全新品牌大道发布". autohome.com.cn. Retrieved 21 March 2023.
"江铃汽车股份有限公司 - 车型子页". www.jmc.com.cn. Retrieved 2024-02-15.
"Ford and JMC Launch Passenger Vehicle Joint Venture in China | China | English | Ford Media Center". media.ford.com. Retrieved 2024-11-16.
"Ford, Jiangling form China joint venture to sell SUVs, vans". Reuters.
"公司简介" [Company profile] (in Chinese). JMC. Retrieved 14 October 2019.
"江铃汽车富山工厂全面投产" [Jiangling Motors' Fushan plant fully operational]. Jiangxi News (in Chinese). 10 September 2021. Retrieved 22 February 2022.
"江铃汽车(000550) - 财务报告 - 股票行情中心 - 搜狐证券". q.stock.sohu.com. Retrieved 2024-01-10.
"Investor Information". Ford Motor Company.

External links

Official website

Jiangling Motors

Current Jiangling vehicles

Pickup trucks	Baodian Yuhu Yuhu 3 Yuhu 5 Yuhu 7 Yuhu 9 Yuhu EV
Crossovers/SUVs	Yusheng S350 Yusheng S330
commercial Trucks	Kairui/Kaiwei Kairui 800 Kaiyun Shunda

Historic vehicles

Former Joint-venture vehicles

Vans	Teshun E-Series Ford Classic Transit Ford New generation Transit

Ford Motor Company

Divisions/
marques

Current	Ford Raptor Lincoln
Discontinued	Comet (1960–61) Continental (1956–59) Edsel (1956–59) Fordson (1917–64) Frontenac (1960) Mercury (1938–2011) Merkur (1985–89) Meteor (1949–76) Monarch (1946–61) Thames (1939–65)

Subsidiaries

Current	Automotive Components Holdings Changan Ford (China) Australia Argentina Brazil Canada Credit Europe France Germany Ireland Italia Romania United Kingdom New Zealand Philippines Quick Lane Southern Africa
Former	Aston Martin Chariot Cosworth Ford Aerospace FPV Ford India Ford Japan Hertz Corporation Jaguar Daimler Company Kwik-Fit Land Rover New Holland Agriculture Premier Automotive Group Special Vehicle Operations Special Vehicle Team Spin Th!nk Troller Visteon Volvo

Joint ventures and
shareholdings

Current	AutoAlliance International (50%) AutoAlliance Thailand Changan Ford (50%) Ford Lio Ho Ford Otosan (41%) Ford Vietnam (60%) Jiangling Motors (32%)
Former	Argo AI (42%) AutoLatina (Argentina/Brazil) Automotive Fuel Cell Cooperation (49.9%) Changan Ford Mazda (China) Ford Sollers (Russia) Ford Union (Belarus) Getrag Ford Transmissions (50%) Matford (France) Samcor (South Africa) Troller (Brazil)

Facilities and
products

World Headquarters
Detroit Corktown campus properties
- Michigan Central Station
- Roosevelt Warehouse
Engines
Factories
Motorcraft
- Mercon
Platforms
Proving grounds
Transmissions
Vehicles

People

Designers
Ford Family
Henry Ford (Founder)
William Clay Ford Jr. (Executive Chairman)
Jim Farley (CEO)
List of leaders

Racing teams

Latest revision as of 05:20, 11 December 2024

History

Products

JMC (Jiangling)

Yusheng

Lexing

Dadao

Ford

Joint venture

Ford Beyond product

Production

Sales

See also

Notes

References

External links