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Revision as of 04:03, 20 April 2019

Jiangling Motors Corporation Limited
Company typePublic limited company
Traded asSZSE: 000550
IndustryAutomotive
PredecessorJMCG truck production division
Founded1993
HeadquartersNanchang, Jiangxi, China
Key people
  • Tiangao Qiu (Chairman)
  • David Schoch (Vice Chairman)
  • Thomas Fann (President)
ProductsAutomobiles
RevenueIncrease CN¥34.35 billion (2017)
Operating incomeDecrease CN¥514.45 million (2017)
Net incomeDecrease CN¥690.93 million (2017)
Total assetsIncrease CN¥26.38 billion (2017)
Total equityIncrease CN¥12.57 billion (2017)
Owners
Number of employees16,865
DivisionsJMC Yusheng
SubsidiariesJMC Heavy Duty Vehicle
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
Websitewww.jmc.com.cn/en

Jiangling Motors Corporation Limited, abbreviated JMC, is a Chinese automobile manufacturer. According to company reports, the largest shareholder of JMC is Jiangling Motor Holding (JMH), a company controlled equally by the state-owned enterprises Changan and Jiangling Motors Corporation Group (JMCG). JMH also owns the Landwind brand.

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 1995, Ford acquired B shares equivalent to a 20% equity in JMC, becoming the second-largest shareholder. 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 reorganised the heavy truck manufacturer Changan Taiyuan as a wholly owned subsidiary named JMC Heavy Duty Vehicle.

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.

Licensed Ford production

New energy vehicle

  • Yusheng S330 EV/PHEV (proposed)

Production bases

Production bases include a Ford plant in Nanchang .

See also

Notes

  1. Jiangling Motor Holding 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. 2017 Annual Report" (PDF). JMC. pp. 27, 29, 54–56. Retrieved 1 February 2019 – via Sohu.
  2. "Landwind". JMCG. Retrieved 1 February 2019.
  3. ^ Moser, Michael J.; Yu, Fu (2014). Doing Business in China. Juris Publishing. ISBN 9781578231553.
  4. ^ Luo, Yadong (2000). How to Enter China. University of Michigan Press. p. 300. ISBN 9780472111886.
  5. Yan, Fang; Takada, Kazunori (17 April 2013). "Ford raises stake in China's Jiangling Motors". Reuters. Retrieved 1 February 2019.
  6. "JMC, a Ford Partner, Releases First Passenger Car–Yusheng SUV". ChinaAutoWeb.com. 5 December 2010.
  7. "江铃重汽" [Jiangling Heavy Vehicle]. 360che.com (in Chinese). Retrieved 4 April 2019.
  8. "Short Torque". China Daily. 20 December 2010.

External links

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