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Revision as of 13:43, 9 July 2023

Not to be confused with Jiangling Motors Corporation Group. Chinese automobile manufacturer
Jiangling Motors Corporation Limited
Company typePublic limited company
Traded asSZSE: 000550
IndustryAutomotive
PredecessorJMCG truck production division
Founded1993; 31 years ago (1993)
HeadquartersNanchang, Jiangxi, China
Key people
  • Tiangao Qiu (Chairman)
  • David Schoch (Vice Chairman)
  • Thomas Fann (President)
ProductsAutomobiles
Production outputIncrease 336,315 (2020)
RevenueIncrease CN¥33.09 billion (2020)
Operating incomeIncrease CN¥0.61 billion (2020)
Net incomeIncrease CN¥0.55 billion (2020)
Total assetsIncrease CN¥28.18 billion (2020)
Total equityIncrease CN¥10.99 billion (2020)
Owners
Number of employees16,865
DivisionsJMC Yusheng
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 PinyinJiānglíng Qìchē Gǔfèn Yǒuxiàn Gōngsī
Websitejmc.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.

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.

Production

Production bases

JMC produces vehicles under the JMC, JMC Yusheng and Ford 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.

Products

JMC (Jiangling)

A brand mainly for commercial vehicles

A JMC Teshun photographed in Shanghai, China
A JMC Boarding photographed in Cancun, Mexico
A JMC Yusheng photographed in Shanghai, China
A JMC Yunba photographed in Dandong, China

Yusheng

Main article: JMC Yusheng

A brand for passenger vehicles.

Dadao

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

  • Dadao Mohe

Licensed Ford production

See also

Notes

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

References

  1. ^ "Jiangling Motors Corporation, Ltd. 2020 Annual Report" (PDF). JMC. pp. 4, 11, 40–42, 75–77. Retrieved 27 April 2021 – via Sohu.
  2. ^ 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.
  3. ^ 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.
  4. 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.
  5. ^ Moser, Michael J.; Yu, Fu (2014). Doing Business in China. Juris Publishing. ISBN 978-1-57823-155-3.
  6. ^ Luo, Yadong (2000). How to Enter China. University of Michigan Press. pp. 300, 303. ISBN 978-0-472-11188-6.
  7. "JMC's sales in Chile jumped 300% YoY in 2021". China Trucks. 27 December 2021. Retrieved 22 February 2022.
  8. Yan, Fang; Takada, Kazunori (17 April 2013). "Ford raises stake in China's Jiangling Motors". Reuters. Retrieved 1 February 2019.
  9. "JMC, a Ford Partner, Releases First Passenger Car–Yusheng SUV". ChinaAutoWeb.com. 5 December 2010.
  10. "江铃重汽" [Jiangling Heavy Vehicle]. 360che.com (in Chinese). Retrieved 4 April 2019.
  11. Zhang, Yushuo (24 August 2021). "Volvo buys Jiangling Motors' unit to start making heavy-duty trucks in China". Yicai Global. Retrieved 22 February 2022.
  12. "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.
  13. "公司简介" [Company profile] (in Chinese). JMC. Retrieved 14 October 2019.
  14. "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.
  15. "Ecoboost发动机 江铃全新品牌大道发布". autohome.com.cn. Retrieved 21 March 2023.

External links

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