Jiangling Holdings

Last updated
Jiangling Motor Holding Co., Ltd.
Type Joint venture
Industry Automotive
FoundedJune 2019 (present JMH)
Headquarters
Nanchang, Jiangxi
,
China
Area served
Worldwide
Owners
  • Jiangxi Guokong Automotive Investment Corporation (50%)
  • Changan (25%)
  • JMCG (25%)
Divisions Landwind
Chinese name
Simplified Chinese 江西江铃控股有限公司
Traditional Chinese 江西江鈴控股有限公司

Jiangling Holdings, also translated as Jiangling Motor Holding (JMH), is the name of two successive Jiangxi-based Chinese joint ventures focused on the automotive industry. The present Jiangling Holdings, established in June 2019 as a successor of the first one, is owned by state-controlled companies Jiangxi Guokong Automotive Investment Corporation (as majority holder), JMCG and Changan Auto. The first Jiangling Holdings was established in 2004 by JMCG and Changan as an equally-owned venture.

Contents

History

Old JMH

The first Jiangling Motor Holding joint venture was established in October 2004 (incorporated in November) as an equally-owned one by the state-owned enterprises Changan and JMCG. To create Jiangling Motor Holding, Changan invested money and in exchange JMCG transferred its Jiangling Motors (JMC) equity to the venture. Jiangling Motor Holding was from then on the largest shareholder of JMC, [1] with a 41.03% stake as of March 2018. [2] JMH also owned the Landwind marque. [1] [3]

Between 2005 and 2019, JMH's Landwind was the subject of complaints and legal demands by Jaguar Land Rover, with the latter alleging various illegal copies of its properties. [4] [5]

New JMH

In April 2019, it was announced that JMCG and Changan planned to split JMH into two separate companies: one keeping the same name and other tentatively called Jiangling Investment. Jiangling Investment would hold the 41.03% JMC stake and some liabilities and would still be equally owned by Changan and JMCG. The new JMH would own the rest of the former JMH assets (including Landwind) [6] [7] and it would issue 100% more shares to be sold to investors, leaving JMCG and Changan with a 25% stake each. [7] Jiangling Investment was formally established in May 2019, completing the split of the former JMH. [8] In June 2019, it was announced that the investor for the new JMH was the car manufacturer Aiways. Aiways acquired a 50% of the new JMH with the aim of securing production permits for new energy vehicles. [9] [10] The official signing ceremony for the new JMH was in August, [11] but production of Aiways U5s at the JMH plant started in June, as soon as the deal was completed. [9] In June 2021, Aiways sold its new JMH stake to Jiangxi Guokong Automotive Investment Corporation, a company controlled by Nanchang's municipality, while keeping the production permits. [12]

In 2022, after being close to bankruptcy, the new JMH was reorganised as an assembler of the Changan Raeton CC/Plus. [13]

Operations

JMH is headquartered in Nanchang, China. [14] The company owns the Landwind marque and produced all its models from 2004 onwards. [6] It has also produced vehicles for its former largest shareholder, Aiways. [9] As of 2022, it only produces vehicles on consignment for Changan. [13]

Its Nanchang plant has the capacity to assemble up to 150,000 vehicles per year. [15]

Related Research Articles

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).

Landwind is a dormant automobile marque owned by the Chinese automaker Jiangling Motor Holding (JMH), a joint venture between Jiangxi Guokong Automotive Investment Corporation (50%), Jiangling Motors Corporation Group (25%) and Changan Automobile (25%).

Dongfeng Motor Company Limited, most commonly known in English-language sources as Dongfeng Nissan, is a Chinese automobile manufacturing company headquartered in Wuhan, Hubei. It is a 50–50 joint-venture between Dongfeng Motor Group and Nissan Motors. It produces passenger cars under the Nissan marque and commercial vehicles under the Dongfeng marque.

Dongfeng Automobile Co., Ltd. is a Chinese automobile company based in Xiangyang, Hubei. It is a subsidiary of Dongfeng Motor Co., Ltd. (DFL) which is a joint venture of Dongfeng Motor Group (DFG) and Nissan. DFG is majority owned by Dongfeng Motor Corporation, a Chinese state-owned enterprise.

Chang'an Automobile Co., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Jiangbei, Chongqing. Founded in 1862, it is China's oldest automobile maker. It is currently the smallest of the "Big Four" state-owned car manufacturers of China, namely: SAIC Motor, FAW Group, Dongfeng Motor Corporation, and Changan Automobile, with car sales of 5.37 million, 3.50 million, 3.28 million and 2.30 million in 2021 respectively.

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.

<span class="mw-page-title-main">Jiangxi Isuzu</span>

Jiangxi Isuzu Motors Co., Ltd. is a joint venture between Isuzu and Jiangling Motors Corporation Group (JMCG). The venture is headquartered in Nanchang, Jiangxi province. It is focused on the production and sale of Isuzu pickups and their engines for the Chinese market.

Jiangling may refer to:

<span class="mw-page-title-main">JMC Yuhu</span> Motor vehicle

The JMC Yuhu (江铃域虎) is a mid-size pickup truck produced by Jiangling Motors for the Chinese market. The model was also sold as the second generation Boarding or Baodian (宝典）in several markets and is also the successor of the JMC Baodian. The Yuhu later spawned a few variants that was sold alongside each other including the regular Baodian, the Yuhu 3 and Yuhu 5.

<span class="mw-page-title-main">Yusheng S330</span> Motor vehicle

The Yusheng S330 is a compact crossover SUV produced by JMC Yusheng and positioned below the Yusheng S350 SUV.

<span class="mw-page-title-main">Landwind X2</span> Chinese subcompact crossover SUV

The Landwind X2 is a subcompact crossover SUV produced by Chinese car manufacturer Landwind, an automotive brand owned by the Chinese automaker Jiangling Motor Holding, a joint venture between Aiways, Changan Auto and Jiangling Motors Corporation Group (JMCG).

JMEV is a joint venture headquartered in Nanchang, China, and owned by Groupe Renault, Jiangling Motors Corporation Group (JMCG) and China Agricultural Development Construction Fund Corporation. JMEV is focused on the development and production of electric cars and was established in 2015 as a subsidiary of JMCG. It was reorganised as a joint venture in July 2019, after Renault acquired a majority stake.

<span class="mw-page-title-main">Jiangling Motors Corporation Group</span> Chinese automotive holding company

Jiangling Motors Corporation Group Co., Ltd. (JMCG) is a Chinese state-owned holding mostly operating in the automotive industry. It was established in 1947 and is headquartered in Nanchang, Jiangxi.

<span class="mw-page-title-main">JMC Heavy Duty Vehicle</span>

JMC Heavy Duty Vehicle (JMCH) is a dormant Chinese manufacturer of Ford-based heavy trucks owned by Jiangling Motors. It was established in 2013 as a successor of Taiyuan Changan and is headquartered in Taiyuan.

<span class="mw-page-title-main">Dorcen</span> Chinese car line

Dorcen was a Chinese car marque introduced in September 2018 and owned by Dorcen Motor Co., Ltd. The marque vehicles were produced at facilities formerly owned by JMCG's JMCGL and Zotye Domy. The brand filed for bankruptcy in 2021. As of 2023, the brand was renamed to Docan.

<span class="mw-page-title-main">Aiways U5</span> Chinese electric car

The Aiways U5 is an all-electric battery-powered compact crossover SUV manufactured by the Chinese company Aiways. It is the first vehicle model from this manufacturer. The production model of the U5 was publicly unveiled at the 2018 Beijing Auto Show. The car was originally previewed as the Aiways U5 ion Concept in 2018.

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

Aiways Automobiles Company Ltd is a Chinese automobile manufacturer of electric cars founded in 2017. The Aiways name is derived from the phrase "Ai is on the way".

<span class="mw-page-title-main">Ford Equator</span> Motor vehicle

The Ford Equator is a mid-size crossover SUV built by the JMC-Ford joint venture.

<span class="mw-page-title-main">Landwind CV7</span> Chinese subcompact sedan

The Landwind CV7 or Landwind Forward is a subcompact sedan produced by Chinese auto maker Landwind.

References

  1. 1 2 "江铃控股详细资料" [Jiangling Holding details]. auto.ifeng.com (in Chinese). Retrieved 1 February 2019.
  2. ↑ "Jiangling Motors Corporation, Ltd. 2017 Annual Report" (PDF). JMC. pp. 27, 29. Retrieved 1 February 2019– via Sohu.
  3. ↑ "Landwind". JMCG. Archived from the original on 17 December 2019. Retrieved 1 February 2019.
  4. ↑ "14年鏖战三回合，路虎与陆风到底谁赢了？" [In the three rounds of 14 years of fighting who wins, Land Rover or Landwind?]. autoweekly.com.cn (in Chinese). 19 April 2019. Archived from the original on 21 April 2019. Retrieved 21 April 2019.
  5. ↑ "路虎VS陆风 第一次有人从这个角度讲明白这件事" [Land Rover VS Landwind. The case from a different perspective]. sohu.com.cn (in Chinese). 10 April 2019. Retrieved 21 April 2019.
  6. 1 2 Hu, Xinyu (3 April 2019). "江铃汽车控股股东拟变更为江铃投资" [Jiangling Motors' controlling shareholder is planned to be changed to Jiangling Investment]. jrj.com.cn (in Chinese). Retrieved 3 April 2019.
  7. 1 2 Liu, Yang; Zhen, Zhenyu (3 April 2019). "长安汽车拟为江铃控股引入战略投资者" [Changan Automobile intends to introduce strategic investors for Jiangling Holding]. finance.sina.cn (in Chinese). Retrieved 3 April 2019.
  8. ↑ 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.
  9. 1 2 3 Li, Xing (5 June 2019). "爱驰汽车购入江铃控股50%股权 首款量产车已开始生产" [Aiways acquired a 50% equity in Jiangling Holdings. The first production car has started production]. finance.sina.cn (in Chinese). Retrieved 7 June 2019.
  10. ↑ 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.
  11. ↑ "Roundup of joint-venture, new investment projects for Q3's Chinese auto industry". Automotive News Gasgoo. 10 October 2019. Retrieved 4 May 2020.
  12. ↑ "爱驰"割肉"退出江铃控股，陆风汽车重组失败原因何在？" [Aiways "cuts fat" and withdrews from Jiangling Holdings, what is the reason for the failure of Landwind's restructuring?]. sohu.com (in Chinese). 2 July 2021. Retrieved 10 July 2021.
  13. 1 2 "从陆风到爱驰，江铃控股的18载浮沉录" [From Landwind to Aiways, the 18-year ups and downs of Jiangling Holdings]. sohu.com (in Chinese). 25 November 2022. Retrieved 17 May 2023.
  14. ↑ "Jiangling Motor Holding Co Ltd". Bloomberg. Retrieved 4 May 2020.
  15. ↑ "Aiways buys majority stake in Jiangling Holdings". Automotive News China. 19 August 2019. Retrieved 10 July 2021.
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