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| Company type | Public limited company | ||||||
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| Traded as | SZSE: 000550 | ||||||
| Industry | Automotive | ||||||
| Predecessor | JMCG truck production division | ||||||
| Founded | 1993 | ||||||
| Headquarters | Nanchang, Jiangxi, China | ||||||
| Key people |
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| Products | Automobiles | ||||||
| Production output |  286,808 (2018) | ||||||
| Revenue | CN¥28.25 billion (2018) | ||||||
| Operating income | CN¥−145.186 million (2018) | ||||||
| Net income | CN¥91.83 million (2018) | ||||||
| Total assets | CN¥23.40 billion (2018) | ||||||
| Total equity | CN¥10.38 billion (2018) | ||||||
| Owners |
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| Number of employees | 16,865 | ||||||
| Divisions | JMC Yusheng | ||||||
| Subsidiaries | JMC 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 | ||||||
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| Website | www | ||||||
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 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
- JMC Teshun – Van
- Jiangling CV9 minivan
- JMC BaoWei (SUV)
- JMC Carrying truck
- 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) - 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
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
- Yusheng S330 EV/PHEV (proposed)
Production bases
Production bases include a Ford plant in Nanchang .
See also
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. 2018 Annual Report" (PDF). JMC. pp. 8, 28, 30, 55–57. Retrieved 16 May 2019 – via Shanghai Oriental Fortune Securities Research Institute.
- ^ 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.
- ^ 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.
- "江铃重汽" [Jiangling Heavy Vehicle]. 360che.com (in Chinese). Retrieved 4 April 2019.
- "Short Torque". China Daily. 20 December 2010.
External links
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