Formerly |
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Company type | State-owned enterprise | ||||||||||||
Industry | Automotive | ||||||||||||
Founded | 8 April 1947 | ||||||||||||
Headquarters | , China | ||||||||||||
Area served | Worldwide | ||||||||||||
Key people |
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Revenue | CN¥95.34 billion (2020) [2] | ||||||||||||
CN¥0.83 billion (2020) [2] | |||||||||||||
Total assets | CN¥92.67 billion (2020) [2] | ||||||||||||
Owner | Nanchang State-owned Assets Supervision and Administration Committee [3] [4] | ||||||||||||
Chinese name | |||||||||||||
Simplified Chinese | 江铃汽车集团有限公司 | ||||||||||||
Traditional Chinese | 江鈴汽車集團有限公司 | ||||||||||||
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Jiangling Group (JMCG) | |||||||||||||
Simplified Chinese | 江铃集团 | ||||||||||||
Traditional Chinese | 江鈴集團 | ||||||||||||
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Website | www www |
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.
JMCG has various production facilities and,through shareholdings,maintains partnerships with other automotive manufacturers including Ford,Isuzu and Changan.
On 8 April 1947,JMCG was established as Nanchang Automotive Maintenance Plant. In April 1949,Nanchang Automotive Maintenance Plant was renamed as Nanchang Automotive Repairing Plant. In May 1958,it produced Yingxiong-bagded (Chinese :英雄; pinyin :Yīngxióng;lit.'Hero') three-wheeled vehicles. In the same year,it produced a 2.5-tonne Yingxiong truck. [5] In 1968, [6] it was renamed Jiangxi Automotive Manufacturing Plant [7] and started the mass-production of commercial vehicles, [6] mostly Jinggangshan-badged (Chinese:井冈山;pinyin:Jǐnggāngshān;lit.' Well Ridge Mountains ') light trucks using 1940s Soviet technology. [8] In 1969,it also produced a small number of cars. [5] The company focused production on commercial vehicles,although it had a net financial loss until the 1980s. [5]
As the Chinese economy opened up,Jiangxi Automotive Manufacturing Plant found increasingly difficult to compete with more modern,better-quality foreign products. The manufacturing plant had to cut its prices to keep on selling,worsening its financial situation. [8] By 1983,the company had an accumulated loss of CN¥56 million while the total value of its assets was less than CN¥10 million. [9] That year,Sun Min became the company chief and started a turnaround plan focused on increasing efficiency and streamlining operations. [9] [10] In 1984,after improving the Jinggangshan trucks and increasing sales volume,the company posted its first profit in sixteen years. [8] During the 1980s the company also began a partnership with Isuzu of Japan to produce light and medium trucks. [6] From 1989 to 1992,Jiangxi Automotive Manufacturing Plant merged and reorganised Jiangxi Trailer Plant,Nanchang Sewing Machine Plant,Jiangxi Washing Machine Plant,Jiangxi Steel Window Plant,Fuzhou Chassis Plant and Zhangzhou Gearbox Plant and other companies. [5] [8] Jiangling Motors Corporation Group was formally established in 1991. [5] [8] [10] In 1993,the company structure was reorganised and simplified [10] and its truck business was spun off and listed on the Shenzhen Stock Exchange as Jiangling Motors Corporation (JMC). [6] [10] Ford Motor Company became a partner of JMCG by acquiring a significant stake in JMC. [6]
Failed Algerian project
By 2007,JMCG had a strong presence in the Algerian market through JMC products,with a third of the automotive sales in the country. JMCG partnered with Zhongding (Pingxiang Coal Group),another Nanchang company,and bidded for an Algerian special economic zone. The zone was approved and received the name Algeria-China Jiangling Free Trade Zone. The aim of the zone was to attract Jiangxi companies centred on the automotive and construction materials industries. [11] The zone was never completed as the Algerian government enacted laws forcing majority stakes for the local companies participating in special economic zones [12] and incentivating full vehicle manufacturing instead of only final assembly as intended by the Chinese. [13] The Algerian government also wanted Algerian subcontractors on the project,while the Chinese companies preferred Chinese ones. [14]
From its establishment onwards,JMCG has been a wholly state-owned enterprise (SOE) controlled by Nanchang's municipal planning. [15] Until 1993,JMCG's assets were owned directly by the state. That year,it was incorporated as a limited company,although still state-owned. [10] In September 2019,Jiangxi's State-owned Assets Supervision and Administration Committee announced it had included JMCG in a list of SOEs incorporating investors from the private sector by 2021,as part of mixed economy reforms. [16]
Jiangling Motor Holding Co. Ltd. or JMH (Chinese:江西江铃控股有限公司;pinyin:JiāngxīJiānglíng KònggǔYǒuxiàn Gōngsī) was a joint venture established in October 2004 and controlled equally by the state-owned enterprises Changan and JMCG. To create Jiangling Motor Holding,Changan invested money and in exchange JMCG transferred its JMC equity to the venture. Jiangling Motor Holding was the largest shareholder of JMC, [17] with a 41.03% stake as of March 2018. [4] JMH also owned the Landwind marque. [17] [18]
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) [19] [20] and it would issue 100% more shares to be sold to investors,leaving JMCG and Changan with a 25% stake each. [20] Jiangling Investment was formally established in May 2019,completing the split of the former JMH. [21] 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. [22] [23]
Jiangxi Isuzu Motors Co.,Ltd. (JIM) is a Nanchang-based joint venture between Isuzu and JMCG established in 1983. [24] Isuzu N-series trucks were manufactured from 1985 onwards by Jiangxi Automotive Manufacturing Plant. In 1993,shortly before JMC were spun off,Jiangxi Automobile Manufacturing Co.,Ltd. (a JMCG subsidiary),Itochu Trading and Isuzu created the Jiangling Isuzu joint venture to continue producing Isuzu-badged trucks for 20 years. JMCG owned a 75% stake and the rest was evenly distributed between Isuzu and Itochu. [5] JMCG and Isuzu restructured their agreement in 2012,and the equally-owned Jiangxi Isuzu took charge of Isuzu production in April 2013. [5] [25]
JMEV is a joint venture between JMCG and Renault. [26] It was established in 2015 as a JMCG electric vehicle subsidiary aimed at supplying smaller cities on China's inland. [27] It became a joint venture in July 2019 after Renault acquired a 50% majority stake through capital increase. [26]
Jingma Motor Co.,Ltd,JMCG (Chinese:江铃集团晶马汽车有限公司;pinyin:Jiānglíng Jítuán JīngmǎQìchēYǒuxiàn Gōngsī),also known as JMMC,is a Nanchang-based company focused on developing and producing firefighting vehicles,light-duty SUVs and buses. The company was founded in 1958 as Jiangxi Firefighting Vehicle Manufacturing Factory (also known as Nanchang Automobile Factory). In November 2011,the company was acquired by JMCG and adopted its present name. In February 2013,JMCG integrated the business of Nanchang JMC New Power Vehicle Manufacturing Co.,Ltd. into JMMC,to consolidate the production of new energy vehicle buses. JMMC can produce up to 6,000 vehicles per year. [28]
Getrag (Jiangxi) Transmission Co.,Ltd, is a Nanchang-based joint venture between Getrag and JMCG,established in January 2007. [29]
Jiangxi Mingfang Auto Parts Industrial Co.,Ltd. a joint venture between JMCG and Taiwanese auto parts manufacturer Hsin Chong Group to build an auto parts plant in Yingtan. [30] [31] The plant was put into production in June 2019,and it is initially focused on supplying door and sunroof parts for Jiangxi Isuzu and JMEV vehicles. [30]
Jiangling Motors Group Finance Co.,Ltd. (Chinese:江铃汽车集团财务有限公司;pinyin:Jiānglíng QìchēJítuán CáiwùYǒuxiàn Gōngsī) is a JMCG subsidiary created in 1993 to provide financial services for JMCG partners and affiliates. [32]
Jiangxi Jiangling Motors Import and Export Co.,Ltd. or JMIE (Chinese:江西江铃进出口有限责任公司;pinyin:JiāngxīJiānglíng Jìn Chūkǒu Yǒuxiàn Zérèn Gōngsī) is a trading company owned by JMCG. It exports products from JMCG's partners and affiliates (including JMH,JMC and JIM) and imports products from various companies. The company was established in 1999 and is based in Nanchang. [33] Countries where JMIE is trading include Algeria, [33] South Africa, [34] Saudi Arabia,Nigeria,Angola, [33] Colombia, [35] Cuba,Philippines [33] and Australia. [36]
JMCG has various affiliates focused on converting vehicles from its partners Ford and Isuzu as well as its affiliates JMC and JMMC into special-purpose ones (such as ambulances and firefighting vehicles). These include:
JSV was established in 1996 by JMCG as the Jiangling Modification Plant. It adopted its present form in 2006,following a restructuring,and JMCG kept a minority 30% stake while a majority stake was taken by a group of natural persons. Before 2006,JSV focused on converting products from suppliers into construction and cash transport vehicles. After that,it shifted focus to specially-equipped vehicles such as ambulances. In 2019,the company converted 363 vehicles for a revenue of CN¥99.314 million. In July 2020,it announced plans to list stock on the Shenzhen Stock Exchange to finance an expansion of the installed capacity for producing recreational vehicles. [40]
Jiangling Tractor Company (JTC) was JMCG tractor assembling subsidiary. By 2004,it had a plant at Nanchang with the capacity to assemble up to 12,000 units. [41] In 2005,JMCG sold an 80% controlling stake in JTC to Indian Mahindra &Mahindra which renamed it Mahindra (China) Tractor Co.,Ltd. [42]
JMCG Light Vehicle Co.,Ltd. (Chinese:江铃集团轻型汽车有限公司;pinyin:Jiānglíng Jítuán Qīngxíng QìchēYǒuxiàn Gōngsī),also known as Jiangling Group Light Truck or JMCGL,was a Fuzhou-based pickup truck and minivan manufacturer established in early 2013 by JMCG after reorganising Huaxiang Fuqi. [43] [44] Fuzhou is one of the six major vehicle manufacturing bases of JMCG outside Nanchang (the others being Qingyun,Xiaolan,Changbei,Wangcheng and Taiyuan). [43] The first product from the new company,the Qiling T5 pickup,was launched in September 2014. [43] [45] A second pickup,the T7,was launched in July 2015. [46] In late 2017,JMCGL introduced the Qiling T100. [47]
In January 2018,Jintan Auto Group acquired a 67% majority stake in JMCGL and later renamed it Jiangxi Dancheng (Dorcen) Motor Company. JMCG kept a 19% stake [44] [48] and the rest was taken by Fuzhou High-tech Zone Development Investment Group. [44] The former JMCGL became one of the bases for Jintan Auto's Dorcen marque,which was launched in September 2018. [44] [48] As of 2019 [update] ,Jiangxi Dorcen still assembles Qiling-badged pickups. [49]
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 was an 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 Nengdi (Hangzhou) Motor Co.,Ltd. also known as just DND is a Chinese manufacturer of fire trucks.
Changan Automobile Co.,Ltd.(CCAG) is a Chinese state-owned automobile manufacturer headquartered in Jiangbei,Chongqing. Changan Automobile traces its origins back to 1862 when Li Hongzhang set up a military supply factory,the Shanghai Foreign Gun Bureau. It was not until 1959 when the factory was repurposed to manufacture Changjiang Type 46 jeep that it became an automobile manufacturer.
Beijing Automobile Works Co.,Ltd. (BAW) is a Chinese car manufacturer based in Qingdao. It used to be a subsidiary of BAIC Group but was sold to private sector since 2015. BAW started off producing light off-road vehicles and trucks,and nowadays,BAW produces civilian as well as military vehicles.
Qingling Motors Co.,Ltd. (庆铃汽车有限公司) with headquarters in Chongqing is a Chinese automotive and commercial vehicle manufacturers,in place since May 1985. The work under the direction of the President Wu Yun operates as a joint venture in which a 50.1% stake,the Qingling Motors (Group) Co.,Ltd. represents the major shareholder. The Japanese company Isuzu participates with a 20% stake in the company. On building the plant for a total investment of 2,482 million RMB. About 3,050 employees are currently employed at the plant.
Hunan Jiangnan Automobile Manufacturing Co.,Ltd.,commonly known as Jiangnan Automobile is a Chinese automobile manufacturing company established in 2001 and majority owned by Zotye from 2007 onwards,headquartered in Xiangtan. It went bankrupt,entered reorganisation in 2021 and was relaunched in 2022.
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.
Seres is a brand of electric vehicle marketed by Seres Group. Several of the group's subsidiaries are also named "Seres".
Jiangling may refer to:
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.
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).An electric version of the vehicle was also made and was sold as the JMEV E400 and EVeasy EX5.
Hong Kong Jiangling Group New Energy Vehicle Co.,Ltd. is a joint venture headquartered in Tsing Yi,New Territories,Hong Kong,and owned by Groupe Renault,Jiangling Motors Corporation Group (JMCG) and Kwoon Chung Holdings. JMEV is focused on the development and production of electric cars and was established in 2015 as a subsidiary of Kwoon Chung Holdings. It was reorganised as a joint venture in July 2019,after Renault acquired a majority stake.
JMCG Light Vehicle Co.,Ltd.,also known as Jiangling Group Light Truck or JMCGL,was a Fuzhou-based pickup truck and minivan manufacturer established in early 2013 by JMCG after reorganising Huaxiang Fuqi. Fuzhou is one of the six major vehicle manufacturing bases of JMCG outside Nanchang. The first product from the new company,the Qiling T5 pickup,was launched in September 2014. A second pickup,the T7,was launched in July 2015. In late 2017,JMCGL introduced the Qiling T100.
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.
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.
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,JMCG and Changan Auto. The first Jiangling Holdings was established in 2004 by JMCG and Changan as an equally-owned venture.
Jiangxi Huaxiang Fuqi Automobile Co. Ltd.,previously Fuqi Auto Works or Fuzhou Auto Works,was a manufacturer of automobiles from the People's Republic of China.
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.