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

Qiteng/Keyton EX80 Qiteng EX80 01 China 2016-04-09.jpg
Qiteng/Keyton EX80

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

Yudo p1 Yudo p1 001.jpg
Yudo π1

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]

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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.
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