|Founded||8 April 1947|
|Revenue||CN¥40.07 billion (2013)|
|Owner||Nanchang State-owned Assets Supervision and Administration Committee|
|Jiangling Group (JMCG)|
- 1 History
- 2 Businesses
- 3 References
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 three-wheeled vehicles. In the same year, it produced a 2.5-tonne Yingxiong truck.In 1968, it was renamed Jiangxi Automotive Manufacturing Plant and started the mass-production of commercial vehicles. In 1969, it also produced a small number of cars. The company focused production on commercial vehicles, although it had a net financial loss until the 1980s. During the 1980s it began a partnership with Isuzu of Japan to produce light and medium trucks. 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. Jiangling Motors Corporation Group was formally established in 1991. In 1993, the truck business was spun off and listed on the Shenzhen Stock Exchange as Jiangling Motors Corporation (JMC). Ford Motor Company became a partner of JMCG by acquiring a significant stake in JMC.
Jiangling Motor Holding and Jiangling Investment
Jiangling Motor Holding Co. Ltd. or JMH (Chinese: 江西江铃控股有限公司; pinyin: Jiāngxī Jiānglíng Kònggǔ Yǒuxiàn 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 is the largest shareholder of JMC, with a 41.03% stake as of March 2018. JMH also owned the Landwind marque.
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) and it would issue 100% more shares to be sold to investors, leaving JMCG and Changan with a 25% stake each. Jiangling Investment was formally established in May 2019, completing the split of the former JMH. 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.
Jingma Motor Co., Ltd, JMCG (Chinese: 江铃集团晶马汽车有限公司; pinyin: Jiānglíng Jítuán Jīngmǎ Qìchē Yǒuxiàn 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.
Jiangxi Isuzu Motors Co.,Ltd. (JIM) is a Nanchang-based joint venture between Isuzu and JMCG established in 1983. 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. JMCG and Isuzu restructured their agreement in 2012, and the equally-owned Jiangxi Isuzu took charge of Isuzu production in April 2013.
- JMEV E100
- JMEV E100B
- JMEV E160
- JMEV E160L
- JMEV E200
- JMEV E200S
- JMEV E200N
- JMEV E200L
- JMEV E400
- JMEV EV3
JMCG has various subsidiaries 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 subsidiaries include: Jiangxi Jiangling Special-purpose Vehicle Co., Ltd. or JSVC (Chinese: 江西江铃专用车辆厂有限公司; pinyin: Jiāngxī Jiānglíng Zhuānyòng Chēliàng Chǎng Yǒuxiàn Gōngsī); Jiangling Group Special Vehicle Co., Ltd. or JMT (Chinese: 江铃集团特种车专用车有限公司; pinyin: Jiānglíng Jítuán Tèzhǒng Chē Zhuānyòng Chē Yǒuxiàn Gōngsī); Jiangxi Jiangling Group Modified Special Vehicle Co., Ltd. or JSV (Chinese: 江西江铃汽车集团改装车股份有限公司; pinyin: Jiāngxī Jiānglíng Qìchē Jítuán Gǎizhuāng Chē Gǔfèn Yǒuxiàn Gōngsī.
Jiangling Motors Group Finance
Jiangling Motors Group Finance Co., Ltd. (Chinese: 江铃汽车集团财务有限公司; pinyin: Jiānglíng Qìchē Jítuán Cáiwù Yǒuxiàn Gōngsī) is a JMCG subsidiary created in 1993 to provide financial services for JMCG partners and affiliates.
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: Jiāngxī Jiānglíng 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.
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. In 2005, JMCG sold an 80% controlling stake in JTC to Indian Mahindra & Mahindra which renamed it Mahindra (China) Tractor Co., Ltd.
JMCG Light Vehicle Co., Ltd. (Chinese: 江铃集团轻型汽车有限公司; pinyin: Jiānglíng Jítuán Qīngxíng Qìchē Yǒuxiàn 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. Fuzhou is one of the six major vehicle manufacturing bases of JMCG outside Nanchang (the others being Qingyun, Xiaolan, Changbei, Wangcheng and Taiyuan). 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.
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 and the rest was taken by Fuzhou High-tech Zone Development Investment Group. The former JMCGL became one of the bases for Jintan Auto's Dorcen marque, which was launched in September 2018. As of 2019[update], Jiangxi Dorcen still assembles Qiling-badged pickups.
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