Jiangling Motors
![]() | |||||||
Company type | Public limited company | ||||||
---|---|---|---|---|---|---|---|
SZSE: 000550 | |||||||
Industry | Automotive | ||||||
Predecessor | JMCG truck production division | ||||||
Founded | 1993 | ||||||
Headquarters | , China | ||||||
Key people |
| ||||||
Products | Automobiles | ||||||
Production output | ![]() | ||||||
Revenue | ![]() | ||||||
![]() | |||||||
![]() | |||||||
Total assets | ![]() | ||||||
Total equity | ![]() | ||||||
Owners |
| ||||||
Number of employees | 12,339 (December 2022)[1] | ||||||
Divisions |
| ||||||
Subsidiaries |
| ||||||
Chinese name | |||||||
Simplified Chinese | 江铃汽车股份有限公司 | ||||||
Traditional Chinese | 江鈴汽車股份有限公司 | ||||||
| |||||||
Website | jmc.com.cn |
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).[2][3]
History
The history of Jiangling Motors Corporation (JMC) can be traced to a truck repair shop opened in Nanchang in 1947 which operated under the name Nanchang Motors Repair Factory. A JMC predecessor started assembling vehicles in 1968. The company was granted the approval of Jiangxi Province Economic Restructuring Commission to be reorganized to establish a joint stock limited company on February 20, 1993. JMC A shares and B shares were listed on Shenzhen Stock Exchange on December 1, 1993, and September 29, 1995, respectively.[citation needed]
In the 1990s, Ford lost a bid against American rival General Motors for getting a joint venture deal with the Chinese manufacturer SAIC Motor.[4] In 1995, as part of its push for getting new Chinese partners, Ford acquired B shares equivalent to a 20% equity in JMC, becoming the second-largest shareholder.[5][6] In 1996, JMC began selling its products in overseas markets, initially Egypt and the Middle East.[6] As of 2021[update], the largest overseas market by volume for JMC is Chile.[7] In 1997, JMC and Ford started the production of their first joint product, the Ford Transit, with JMC supplying various key components (as engines and axles)[6] and Ford the design. In 1998, after JMC issued additional B shares, Ford upped its stake to 30%.[5][6] In 2013, Ford purchased more B shares, increasing its stake to over 30%.[8]
In late 2010, Jiangling released the first passenger vehicle of JMC under the newly launched JMC Yusheng sub-brand, the Yusheng S350 SUV.[9]
In 2013, JMC reorganized the heavy truck manufacturer Changan Taiyuan as a wholly owned subsidiary named JMC Heavy Duty Vehicle.[10] In mid-2021, JMC Heavy Duty Vehicle was sold to Volvo Trucks.[11] Volvo Trucks later terminated the acquisition agreement, leaving JMC Heavy Duty Vehicle as a JMC subsidiary. As of May 2023[update], JMC Heavy Duty Vehicle production and sales are suspended.[12]
In December 2021, JMC and Ford established a Shanghai-based joint venture focused on the production of passenger cars. The venture is called Jiangling Ford Motor Technology (Shanghai) Company (Jiangling Ford). JMC owns a 51% and Ford a 49% of its stake.[13]
Production
Production bases
JMC produces vehicles under the JMC, JMC Yusheng, Ford and other brands and sub-brands. It has assembly plants around Nanchang (at Qingyunpu and the Xiaolan Economic Zone).[14] JMC also has a new energy vehicle plant (the Fushan plant) in the Xiaolan Economic Zone.[15]
Products
JMC (Jiangling)
A brand mainly for commercial vehicles
![](http://upload.wikimedia.org/wikipedia/commons/thumb/0/0e/2017_JMC_Teshun_%28front%29.jpg/200px-2017_JMC_Teshun_%28front%29.jpg)
![](http://upload.wikimedia.org/wikipedia/commons/thumb/a/a8/JMC_Boarding_crew_cab_pu.jpg/200px-JMC_Boarding_crew_cab_pu.jpg)
![](http://upload.wikimedia.org/wikipedia/commons/thumb/1/1f/JMC_Yunba_02_China_2017-03-19.jpg/200px-JMC_Yunba_02_China_2017-03-19.jpg)
- JMC Teshun – Van
- JMC Fushun – Van
- Jiangling CV9 minivan
- JMC BaoWei (SUV)
- JMC pickup
- JMC Boarding (JMC Baodian) pickup
- JMC Yuhu pickup
- JMC Yuhu 3 pickup
- JMC Yuhu 5 pickup
- JMC Yuhu 7 pickup
- JMC Yuhu 9 pickup
- JMC Yuhu EV pickup
- JMC Qingka (Jiangling Light Truck) (small truck) – light trucks series
- JMC Convey (Kaiwei)
- JMC Conquer (Kairui and Kairui 800)
- JMC Carrying (Kaiyun)
- JMC Shunda
- JMC Shunda EV[16]
- JMC Yunba (commercial van)
- JMC E-Lushun (electric van for logistics)
- JMC ELushunV6 (BEV van)[17]
Yusheng
A brand for passenger vehicles.
- Yusheng S330 CUV
- Yusheng S350 SUV
Lexing
In June 2023, JMC unveiled Lexing (Chinese: 乐行; pinyin: Lèxíng; lit. 'Happy travel'), its first sub-brand aimed to only be used on new energy vehicles, and presented its first model, an electric light truck.[18]
- Lexing E-Road[18]
Dadao
A brand for pickup trucks and SUVs. Launched in 2023.[19]
- Dadao Mohe
- Dadao EV (electric pickup truck)[20]
-
Dadao Mohe
Licensed Ford production
- JMC Transit (minibus, developed by Ford and JMC jointly)
- JMC E-series SVO – based on Ford E-series vans:
- E350 Communication/Command Vehicle
- E250 Luxury Business Vehicle
- E350 Investigation Vehicle
- E350 Anti-riot Assault Vehicle
- Ford Equator
- Ford Equator Sport
- Ford Ranger
- Ford Bronco
- Ford Territory (Export)
Sales
The following table includes a list of annual sales according to company's data.
Year | Total | JMC | Yusheng | JMC Heavy Duty | Ford |
---|---|---|---|---|---|
2010 | 178,999 | 126,641 | - | - | 52,358 |
2011 | 194,588 | 135,993 | - | - | 58,595 |
2012 | 200,008 | 134,485 | 8,346 | - | 57,177 |
2013 | 230,006 | 148,061 | 14,160 | 392 | 67,785 |
2014 | 275,858 | 177,036 | 26,708 | 38 | 72,076 |
2015 | 262,756 | 165,512 | 19,651 | 33 | 77,560 |
2016 | 281,019 | 163,219 | 37,346 | 52 | 80,402 |
2017 | 310,028 | 211,672 | 29,151 | 636 | 68,569 |
2018 | 285,066 | 218,257 | 6,892 | 1,516 | 58,401 |
2019 | 290,058 | 189,317 | 1,551 | 1,080 | 98,110 |
2020 | 331,098 | undisclosed | |||
2021 | 341,008 | undisclosed | |||
2022 | 282,008 | undisclosed | |||
2023 | 310,008 | undisclosed |
Although Jiangling Motor is a public-listed company in which Ford Motor Company only holds a minority stake, the former's sales volume is consolidated into the latter's.[22]
See also
Notes
References
- ^ a b c d e f g h "Jiangling Motors Corporation, Ltd. 2022 Annual Report" (PDF). JMC. pp. 11, 49, 65–66, 77–79. Retrieved 16 July 2023 – via Sohu.
- ^ a b 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.
- ^ a b 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.
- ^ Gallagher, Kelly Sims (2006). China Shifts Gears: Automakers, Oil, Pollution, and Development. MIT Press. p. 80. ISBN 978-0-262-07270-0.
Jiangling Transit Ford.
- ^ a b Moser, Michael J.; Yu, Fu (2014). Doing Business in China. Juris Publishing. ISBN 978-1-57823-155-3.
- ^ a b c d Luo, Yadong (2000). How to Enter China. University of Michigan Press. pp. 300, 303. ISBN 978-0-472-11188-6.
- ^ "JMC's sales in Chile jumped 300% YoY in 2021". China Trucks. 27 December 2021. Retrieved 22 February 2022.
- ^ Yan, Fang; Takada, Kazunori (17 April 2013). "Ford raises stake in China's Jiangling Motors". Reuters. Retrieved 1 February 2019.
- ^ "JMC, a Ford Partner, Releases First Passenger Car–Yusheng SUV". ChinaAutoWeb.com. 5 December 2010.
- ^ "江铃重汽" [Jiangling Heavy Vehicle]. 360che.com (in Chinese). Retrieved 4 April 2019.
- ^ Zhang, Yushuo (24 August 2021). "Volvo buys Jiangling Motors' unit to start making heavy-duty trucks in China". Yicai Global. Retrieved 22 February 2022.
- ^ "江铃汽车:江铃重汽已暂停生产和销售,坚定新能源转型" [Jiangling Motors: JMC Heavy Duty Vehicle has suspended production and sales. The company is committed to new energy transformation]. Automotive News Gasgoo (in Chinese). 24 May 2023. Retrieved 16 July 2023 – via Tom.com.
- ^ "江铃福特共同成立汽车新公司 注册资本2亿" [Jiangling and Ford jointly established a new automotive company with a registered capital of CN¥200 million]. Caijing (in Chinese). 28 December 2021. Retrieved 22 February 2022.
- ^ "公司简介" [Company profile] (in Chinese). JMC. Retrieved 14 October 2019.
- ^ "江铃汽车富山工厂全面投产" [Jiangling Motors' Fushan plant fully operational]. Jiangxi News (in Chinese). 10 September 2021. Retrieved 22 February 2022.
- ^ "上海:江铃汽车顺达EV 近期最高降1.0万" [Shanghai: JMC's Shunda EV price dropped recently by up to CN¥10,000]. PC auto (in Chinese). 18 July 2023. Retrieved 19 July 2023.
- ^ "江铃汽车股份有限公司 - 车型子页". www.jmc.com.cn. Retrieved 2024-02-15.
- ^ a b "驶入新赛道,江铃发布乐行新能源品牌,全球上市纯电轻卡E路达" [Entering a new path, JMC released the Lexing new energy brand, launching the pure electric light truck E-Road globally]. Sohu Auto (in Chinese). 16 June 2023. Retrieved 19 July 2023.
- ^ "Ecoboost发动机 江铃全新品牌大道发布". autohome.com.cn. Retrieved 21 March 2023.
- ^ "江铃汽车股份有限公司 - 车型子页". www.jmc.com.cn. Retrieved 2024-02-15.
- ^ "江铃汽车(000550) - 财务报告 - 股票行情中心 - 搜狐证券". q.stock.sohu.com. Retrieved 2024-01-10.
- ^ "Investor Information". Ford Motor Company.
External links
![](http://upload.wikimedia.org/wikipedia/en/thumb/4/4a/Commons-logo.svg/30px-Commons-logo.svg.png)