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| Company type | Public limited company | ||||||
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| Traded as | SZSE: 000550 | ||||||
| Industry | Automotive | ||||||
| Founded | 1968 | ||||||
| Headquarters | Nanchang, Jiangxi, China | ||||||
| Key people |
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| Products | Automobiles | ||||||
| Revenue |  CN¥34.35 billion (2017) | ||||||
| Operating income |  CN¥514.45 million (2017) | ||||||
| Net income | CN¥690.93 million (2017) | ||||||
| Total assets | CN¥26.38 billion (2017) | ||||||
| Total equity | CN¥12.57 billion (2017) | ||||||
| Owners |
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| Number of employees | 16,865 | ||||||
| Subsidiaries | |||||||
| 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 | ||||||
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| Website | www | ||||||
Jiangling Motors Corporation Limited, abbreviated JMC, is a Chinese automobile manufacturer. The company has operated a commercial vehicle joint venture with Isuzu Motor Company since 1997. 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 marque.
History
The history of Jiangling Motors Corporation can be traced to a truck repair shop opened in Nanchang in 1952 which operated under the name Nanchang Motors Repair Factory. In January 1993, the company entered into the Isuzu Joint Venture with Isuzu and Itochu. The joint venture acquired the non-exclusive right to produce the cab compartment and certain components of N-Series light truck and to assemble vehicles. 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%.
At the 2006 Paris Motor Show, Landwind returned to Europe and displayed an updated version of their sport utility vehicle, the X-Pedition, as well a compact MPV called Fashion that would compete in the same size class with products such as the Kia Carens.
In late 2010, Jiangling released the first passenger vehicle of JMC under the newly launched JMC Yusheng sub-brand, the Yusheng S350 SUV.
In 2015, Jiangling created an electric vehicle subsidiary aimed at supplying smaller cities on China's inland, named JMEV.
On February 29, 2016, the Ministry of Industry and Information Technology shut down JMC and 12 other automobile manufacturers that did not meet mandatory production evaluations for two consecutive years.
Products
JMC (Jiangling)
A brand mainly for commercial vehicles
- JMC Teshun – Van
- Jiangling CV9 minivan
- JMC BaoWei (SUV)
- JMC Carrying truck
- JMC pickup
- JMC Boarding (JMC Baodian) pickup
- JMC Yuhu pickup
- JMC Qingka (Jiangling Light Truck) (small truck) - based on Toyota/Hino light trucks
- Kairui and Kairui 800
- Kaiwei
- Kaiyun
- Shunda
- JMC Yunba (commercial van)
Yusheng
Main article: JMC YushengA brand for passenger vehicles.
- Yusheng S330 CUV
- Yusheng S350 SUV
Landwind
A brand owned directly by JMC largest shareholder Jiangling Motor Holding. It markets crossovers.
- Landwind X2 CUV
- Landwind X5 CUV
- Landwind X7 CUV
- Landwind X8 CUV
Licensed Ford production
- 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 Everest
- Ford Territory
New energy vehicle
Main article: JMEVProduction bases
Production bases include a Ford plant in Nanchang, .
See also
Notes
- Jiangling Motor Holding is an equally-owned holding controlled by the Nanchang State-owned Assets Supervision and Administration Committee and the SASAC.
- Not subsidiaries bu closely related operations.
References
- ^ "Jiangling Motors Corporation, Ltd. 2017 Annual Report" (PDF). JMC. pp. 27, 29, 54–56. Retrieved 1 February 2019 – via Sohu.
- "Profile of Jiangling Motor Holding Co.,Ltd (JMH)". Jiangling Motor Holding. Archived from the original on 28 January 2013. Retrieved 6 January 2013.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ Moser, Michael J.; Yu, Fu (2014). Doing Business in China. Juris Publishing. ISBN 9781578231553.
- ^ Luo, Yadong (2000). How to Enter China. University of Michigan Press. p. 300. ISBN 9780472111886.
- 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.
- "Groupe Renault and JMCG announce EV cooperation in China". Automotive News Gasgoo. 20 December 2018. Retrieved 19 January 2019.
- Li, Fusheng (7 March 2016). "New govt sweep clears industry of 'zombies'". China Daily. Retrieved 9 November 2018.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - "Short Torque". China Daily. 20 December 2010.
External links
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