Fujian Motors Group

Last updated
Fujian Motors Group
Native name
福汽集团
Company typeState-owned enterprises
Founded1992;32 years ago (1992)
Headquarters
Fujian Province
,
China
Key people
Huang Yu (General Manager)
Parent State-owned Assets Supervision and Administration Commission of Fujian Provincial People's Government
Divisions Fujian Benz (50%)
King Long (13%)
Higer Bus
Website http://www.fjmotor.com.cn/

The Fujian Motors Group is based in the Fujian Province, China and was founded in 1992.

Contents

Group companies include Fujian Benz (50% joint venture with Daimler AG), King Long (a bus manufacturer) (15%) and Higer Bus.

Fujian Daimler, a subsidiary of the group, will sell no less than 40% of its shares to BAIC, while the group itself and Soueast Auto will maintain the current situation and will not enter into new joint ventures. [1]

In 2012, Fujian Automobile Industry Group had an operating income of 10.26 billion yuan, of which Southeast Automobile accounted for 7.261 billion yuan, On May 16, 2013, the People's Government of Fujian Province and Dongfeng Motor Corporation signed a strategic cooperation framework agreement, Dongfeng Motor Corporation will acquire 45% of the equity of Fujian Automobile Industry Group Co., Ltd. held by the State-owned Assets Supervision and Administration Commission of Fujian Province through capital increase, At the same time, Dongfeng Motor Corporation and FAW Group will also establish an investment company to control Southeast (Fujian) Automotive Industry Co., Ltd.

Brands

King Long

King Long United Automotive Industry Co., Ltd (Chinese :厦门金龙联合汽车工业有限公司) or commonly known as King Long (simplified Chinese :金龙; traditional Chinese :金龍; pinyin :Jīnlóng, literally, Golden Dragon) is a Chinese bus manufacturer headquartered in Xiamen, Fujian. Founded in December 1988, it is focused mainly on developing, manufacturing and selling large-and-medium-sized coaches and light vans. In 2008, King Long had an 18 percent share of the export market in China. [2] Overseas sales contributed 25 percent of King Long's sales. [2]

Higer

Higer Bus Company Limited, also known as Higer Bus, is a Chinese bus manufacturer based in Suzhou, Jiangsu province. It was established at the end of 1998. HIGER is China's leading exporter of buses and coaches. [3]

Keyton

Keyton also known as Fujian New Longma (NLM) or Fujian Qiteng (FQT) is a brand for MPVs, minivans and vans. It is sold overseas in several developing countries, including Egypt, [4] Philippines, [5] Bolivia, [6] and Chile.

In May 2016, the company NEVS announced that they will take over the Chinese company New Longma (NLM) after acquiring 50% of the New Longma manufacturing plant. On May 12 2016, the formal contract was signed in Fujian. On 18 August 2016, NEVS officially took over Chinese vehicle company New Longma (NLM) in the Fujian province. At the same time, NLM signed the first contract with Panda New Energy on delivering 35,000 electric logistics delivery vans. [7]

Joint venture brand

Fujian Benz

Fujian Benz Automotive Co., Ltd., formerly Fujian Daimler Automotive Co., Ltd., is a light commercial vehicle manufacturing company based in Fúzhōu, and a joint venture between the German Daimler AG, the Chinese state-owned Fujian Motors Group and the Taiwanese China Motor Corporation. Series production of Fujian Daimler's first product range, the Viano transporter, began in April 2010. [8]

Former brand

Soueast Motors

South East (Fujian) Motor Co., Ltd., trading as Soueast, is a Chinese automobile manufacturer based in Fuzhou, Fujian, and a joint venture between China Motor Corporation (25%), Fujian Motor Industry Group (50%) and Mitsubishi Motors (25%). [9] [10] [11] Its principal activity is the design, development, production and sale of passenger cars and minibuses sold under the Soueast marque. [12] It also manufactures Mitsubishi brand passenger cars for sale in mainland China. [13]

Southeast has been acquired by Chery in 2024 and is currently producing Jetour brand vehicle.

Yudo Auto

Founded in December the 4th, 2015 in Putian, Fujian, [14] Yudo Auto (云度) is a new energy vehicle brand with main shareholders are state-owned companies and the local government of Putian, in Fujian Province. [15] Fujian Motors Group has divested from Yudo Auto in 2020. [16]

Related Research Articles

<span class="mw-page-title-main">Automotive industry</span> Organizations involved with motor vehicles

The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. It is one of the world's largest industries by revenue.

<span class="mw-page-title-main">Fuso (company)</span> Japanese automobile manufacturer

The Mitsubishi Fuso Truck and Bus Corporation is a Japanese manufacturer of trucks and buses. It is headquartered in Kawasaki, Kanagawa and owned by Germany-based Daimler Truck.

<span class="mw-page-title-main">Lists of automobile-related articles</span>

Lists of automobile-related articles cover a wide range of topics related to cars. The lists are organized by manufacturer, region, sport, technology and so on.

South East (Fujian) Motor Co., Ltd., trading as Soueast, is a Chinese automobile manufacturer based in Fuzhou, Fujian, a subsidiary of Chery. It conducts production and sale of passenger vehicle under the Soueast marque.

<span class="mw-page-title-main">Beijing Benz</span> Automotive manufacturing company

Beijing Benz is an automotive manufacturing company headquartered in Beijing, China, and a joint venture between BAIC Motor and Mercedes-Benz Group.

<span class="mw-page-title-main">King Long</span> Chinese bus manufacturer

King Long United Automotive Industry Co., Ltd or commonly known as King Long is a Chinese bus manufacturer headquartered in Xiamen, Fujian. Founded in December 1988, it is focused mainly on developing, manufacturing and selling large-and-medium-sized coaches and light vans.

<span class="mw-page-title-main">BAIC Group</span> Chinese automobile manufacturer

Beijing Automotive Group Co., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Shunyi, Beijing. Founded in 1958, it is the sixth largest automobile manufacturer in China, with 1.723 million sales in 2021.

Dongfeng Motor Corporation Ltd. is a Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei. Founded in 1969, it is currently the smallest of the "Big Four" state-owned car manufacturers of China with 671,000 sales in 2023, below SAIC Motor, Changan Automobile and FAW Group.

<span class="mw-page-title-main">Fujian Benz</span>

Fujian Benz Automotive Co., Ltd., formerly Fujian Daimler Automotive Co., Ltd., is a light commercial vehicle manufacturing company based in Fuzhou, and a joint venture between Daimler Vans Hong Kong Limited, BAIC Motor Corporation Limited (35%), and Fujian Motor Industry Group Co., Ltd (15%).

Dongfeng Renault Automobile Company (DRAC) or Dongfeng Renault was an equally owned Chinese joint venture between car manufacturers Dongfeng Motor Group and Renault aimed to produce and sell Renault-badged vehicles, established in 2013. The joint venture emerged from Sanjiang Renault, a previous partnership between Renault and Sanjiang Space established in 1993. Renault announced it planned to withdraw from the joint venture in April 2020.

Seres Group (赛力斯集团股份有限公司) is a Chinese automotive manufacturer founded in September 1986 with headquarters in Chongqing, China. Born as a manufacturer of components for household appliances and shock absorbers, it currently produces cars, motorcycles and commercial vehicles as well as shock absorbers and internal combustion engines. In 2022, the company renamed to Seres Group from Sokon Group. It operates through its subsidiaries Seres, Seres Hubei, XGJAO Motorcycle and Yu'an Shock Absorber Company.

Yudo Auto is a Chinese electric vehicle marque owned by Juneyao Group introduced in 2022.

<span class="mw-page-title-main">Keyton EX80</span> Motor vehicle

The Keyton EX80 is a compact MPV made by the Keyton (Qiteng) brand of Fujian Motors Group from 2015.

<span class="mw-page-title-main">Keyton M70</span> Motor vehicle

The Keyton M70 is a microvan and micro truck made by the Keyton (Qiteng) brand of Fujian Motors Group from 2014. Keyton or Qiteng is a brand under FQT Motor, making various compact MPVs, microvans, and delivery vans.

There are currently about 150 active brands in the Chinese automobile market. Among them are 97 Chinese domestic brands and 43 joint venture (JV) brands. Before 2010, the traditional "Big Four" refers to the four major state-owned car manufacturers, SAIC, FAW, Dongfeng and Changan. Other Chinese car manufacturers, both from public and private sectors, like Geely, BAIC, BYD, Chery, GAC, Great Wall, JAC and Seres emerged as the major players with the expansion of Chinese automotive industry.

References

  1. ↑ "北汽10亿元收购福建戴姆勒不低于40%股权". Archived from the original on 2009-12-31. Retrieved 2009-12-28.
  2. 1 2 Yu Hongyan (2008-12-19). "King Long takes lead in China's coach making industry". chinadaily.com.cn.
  3. ↑ "Holden's Hoverd lands at Higer". BusNews.com.au. 7 October 2010. Retrieved July 2, 2015.
  4. ↑ "Account Suspended". Alhashemya.com. Archived from the original on 2021-01-19. Retrieved 2021-03-06.
  5. ↑ "Have you heard of Keyton Motors?". www.topgear.com.ph.
  6. ↑ "Noticias de Bolivia y el Mundo". Atodomotor.bo. Archived from the original on 2019-10-16. Retrieved 2021-03-06.
  7. ↑ "NEVS officially took over Chinese vehicle company New Long Ma (NLM)". saabplanet.com. Retrieved 2016-08-13.
  8. ↑ "Fujian Daimler produces first Mercedes-Benz Viano". Gasgoo. 17 April 2010. Retrieved 9 March 2013.
  9. ↑ Affiliated Companies - China Motor Corporation Archived 2012-03-14 at the Wayback Machine Yulon Group Official Site
  10. ↑ Activities by Region, Asia, 2009 Archived 2012-03-09 at the Wayback Machine Mitsubishi Official Site
  11. ↑ Affiliated Companies - South East (Fujian) Motor Co., Ltd. Archived 2012-03-14 at the Wayback Machine Yulon Group Official Site
  12. ↑ Soueast Motor wins Iranian export deal chinadaily.com.cn, 2008-01-04]
  13. ↑ Lagging far behind, Mitsubishi looks to new joint partnership chinadaily.com.cn, 2010-11-15
  14. ↑ "Fujian Motors product".
  15. ↑ "Another Chinese Tesla wannabe? This one may be different". South China Morning Post. January 10, 2018.
  16. ↑ "股东架构不稳，输血面临困境，云度汽车会成为新资本借壳的"玩具"吗？ - OFweek新能源汽车网". nev.ofweek.com. Retrieved 2024-03-11.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.