Nanjing Automobile

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Nanjing Automobile (Group) Corporation
南京汽车集团有限公司
Company type Subsidiary
Industry Automotive
Founded1947;78 years ago (1947) (Nanjing)
Headquarters
Nanjing
,
China
OwnerP.R. China
Parent SAIC Motor
Website www.nanqi.com.cn

Another joint venture was Nanjing Fiat, [16] established with Fiat in 1999. [17] This Italian automaker quit the company in 2007 [17] [24] citing a lack of investment on the part of its Chinese partner. [17]

As of 2006, it was producing four models: the Perla and Siena sedans, Palio, compact and Palio Weekend station wagon. [16] Most of Nanjing Fiat's design and tooling was taken over by Zotye in 2008. [25]

The company was located in the Jiangning District's Economic & Technological Development Zone in Nanjing. [26]

Internal divisions

As the company further developed its management, four complete production ecosystems were created.

Yuejin Light Truck Co

A major manufacturing base of Nanjing Auto, [27] it makes light-duty trucks under the Yuejin brand. The production of Isuzu-based SUVs and pickups was transferred to the Wuxi Soyat branch in 2005.[ citation needed ]

Sometime in 2007, Yuejin's truck-making business was merged with the Iveco-Nanjing Auto joint venture Naveco, [18] [21] which continued to sell under the Yuejin brand. [19]

Located in an economic development zone in Huishan District, Wuxi, (about 150 km east of Nanjing) the Wuxi Branch of Yuejin Automobile Co is a Nanjing Auto production base, and it may be the newest having been built sometime after 2003.[ citation needed ] Production of the Junda SUVs and pickups was taken over from Nanjing's Yuejin brand in 2005. By 2008, after SAIC's takeover of Nanjing, Wuxi Soyat production came to a halt. The factory is now used by SAIC to build the Maxus commercial van.[ citation needed ]

Yuejin trucks were sold and imported by Surrey-based importer Yuejin UK. [28] Founded in 2003, it offered a range of light commercial trucks including flatbeds, tippers, box vans and refrigerated trucks with styling resembling the Nissan Cabstar (F23). [29] All trucks are powered by engines that can run on both petrol and liquefied petroleum gas (LPG). A technical specification sheet from 2004 states the model is a Yuejin NJ1030 followed by different designation letters depending on the configuration. [30] It is unknown whether or not the NJ1030's design is based on the Nissan Cabstar or a different truck. The company was planning on importing the Isuzu D-Max-based Xinkai pickup (badged as the Xinkai XK) and a panel van produced by a different Chinese make. [31] The company dissolved in 2013. [32]

Brands

Car brands owned by Nanjing Auto include:

Sometime before the 1980s, Nanjing Auto was under the joint jurisdiction of both the central and local governments. [7] As of 2003, this vehicle manufacturer was owned by Yuejin Automobile Group of Jiangsu, which held just over fifty-per cent ownership of the company at this time, and two State firms created to dispose of non-performing bank loans, China Huarong Asset Management and China Cinda Asset Management. [27] Nanjing Auto is now a subsidiary of SAIC, having been merged with the much larger automaker in 2007. [34]

SAIC merger

A result of Chinese State policy to encourage mergers and acquisitions in the domestic automobile market, SAIC Motor and the state-owned parent company of Nanjing Auto, Yuejin Automotive Group, finalized a long-planned merger in December 2007. [34] Fitful merger negotiations between the two companies had begun in 2001, and the tie-up was widely anticipated. [27] Prior to the merger, but bidding alongside SAIC, [1] Nanjing Auto purchased the remaining assets of British group MG Rover for near US$100 million. [35]

See also

References

  1. 1 2 3 4 5 6 Rover sold to Nanjing Automobile bbc.com, Saturday, 23 July 2005, 09:36 GMT
  2. 1 2 3 Nanjing Automobile (Group) Corporation businessweek.com
  3. Key Events, May 21, 1958/Aug. 1, 1958 Archived March 4, 2009, at the Wayback Machine FAW Official site
  4. REFILE-UPDATE 2-SAIC to make MG 6 in UK, upbeat on own-brand car reuters.com, Wed Nov 25, 2009 5:04am EST
  5. MG TF sports cars again produced in England Archived 2011-06-09 at the Wayback Machine xinhuanet.com, 2007-05-29
  6. 1 2 Zhao, Jianhan; Gao, Lei (August 2009). "How to be Competitive in Chinese Automobile Industry". International Journal of Economics and Finance. 1 (2). Canadian Center of Science and Education: 144. doi: 10.5539/ijef.v1n2p144 .
  7. 1 2 3 Globalization of the automobile industry: the United States, Japan, and the People's Republic of China Pg. 140 By Xiaohua Yang, Google Book Search, 1995
  8. 1 2 "Iveco teams up to invest in heavy-duty". xinhuanet.com. Xinhua. 17 December 2005. Archived from the original on 4 March 2016. Retrieved 12 April 2016. Iveco now runs a light truck joint venture in East China's Jiangsu Province with Nanjing Automobile Group. The venture has an annual output of nearly 20,000 units.
  9. Iveco broadens its presence in China in the domain of light and medium commercial vehicles through the new Naveco (PDF). Torino: Fiat. 14 September 2006. Archived from the original (PDF) on 2012-11-20. Retrieved 2012-05-26.
  10. 1 2 SEAT Ibiza celebrates 25th Anniversary seatcupra.net, Friday, 08 May 2009
  11. Chinese plant rolls out first MG - BBC News. Retrieved 27 March 2007.
  12. "MG 3SW goes on sale in China from 80,000 yuan". www.gasgoo.com. 2008-06-23. Retrieved 2009-03-13.
  13. "Nanjing puts £10m into Longbridge". BBC News. 2006-07-17. Retrieved 2007-05-01.
  14. "上汽集团南汽专用车"畅达"纯电动物流车H9正式发售".
  15. "畅达纯电动物流车H9".
  16. 1 2 3 Ying, Tian (October 15, 2006). "Fiat's China Venture Names Second Chief Executive in 15". bloomberg.com. Bloomberg LP. Retrieved 2012-05-26.
  17. 1 2 3 4 "Fiat to break joint venture ties with Nanjing Auto". Xinhua News Agency. 2007-06-16. Archived from the original on 2012-11-04. Retrieved 2012-05-26.
  18. 1 2 3 4 5 The New Naveco is celebrated in Nanjing Archived 2008-12-25 at the Wayback Machine Iveco Official Site, 29.10.07
  19. 1 2 3 NANJING IVECO ROLLS OUT NEW YUEJIN LIGHT TRUCK FOR EXPORT findarticles.com; AsiaInfo Services, 06-28-20077
  20. Globalization of the automobile industry: the United States, Japan, and the People's Republic of China Pg. 159 By Xiaohua Yang, Google Book Search, 1995
  21. 1 2 Fiat's Fidis Sale Would Push Net Above EU1 Billion, Chief Says bloomberg.com, September 14, 2006 10:25 EDT
  22. IVECO joint venture NAVECO inaugurates new manufacturing plant in Nanjing, China
  23. New China Daily: direttamente dalla linea di montaggio il primo esemplare
  24. FIAT sells to NAC its stake in Nanjing-Fiat (PDF). Beijing: Fiat. December 26, 2007. Archived from the original (PDF) on 2016-03-09. Retrieved 2012-05-26.
  25. De Feyter, Tycho (2011-05-20). "Zotye Z200 and Z200HB Listed & Priced in China". CarNewsChina.com.
  26. Introduction to Jiangning Economic & Technological Development Zone Archived 2011-01-17 at the Wayback Machine Government of Jiangning District Official Site
  27. 1 2 3 Nanjing Auto gears up to expand chinadaily.com, 2003-09-03
  28. "YUEJIN (UK) LIMITED". yuejin.co.uk. Archived from the original on 15 May 2006. Retrieved 30 June 2025.
  29. "Secondhand Lorries and Vans | Pickups | Nissan Yuejin Twin Wheeled Dropside - Northampton". secondhand-lorries-and-vans.co.uk. Retrieved 30 June 2025.
  30. "Yuejin - Technical Specifications". www.yuejin.co.uk. Archived from the original on 7 January 2005. Retrieved 30 June 2025.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  31. Murthyvittala. "Yuejin XK Pick-Up — August 2007 – What Van?". WhatVan?. Retrieved 30 June 2025.
  32. "YUEJIN (UK) LIMITED overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 30 June 2025.
  33. MG? Not In America! Archived 2008-09-04 at the Wayback Machine Auto Trends, September 2, 2008. Retrieved September 7, 2008.
  34. 1 2 SAIC and Yuejin Auto merger creates Chinese car colossus Archived 2011-06-09 at the Wayback Machine xinhuanet.com, 2007-12-26
  35. AUTOSHOW-UPDATE 1-Brilliance plans US sales as early as 2007 reuters.com, Mon Apr 23, 2007 3:22am EDT
Nanjing Automobile
Simplified Chinese 南京汽车集团有限公司
Traditional Chinese 南京汽車集團有限公司
Literal meaningNanjing Automobile (Group) Corporation
Transcriptions
Standard Mandarin
Hanyu Pinyin Nánjīng Qìchē Jítuán Yǒuxiàn Gōngsī