Jiangling Motors

Chinese automobile manufacturer

Not to be confused with Jiangling Motors Corporation Group.

Jiangling Motors Corporation Limited

Company type| Public limited company

Traded as

| SZSE: 000550
Industry| Automotive
Predecessor| JMCG truck production division
Founded| 1993; 31 years ago (1993)
Headquarters|

Nanchang, Jiangxi

China

Key people

* Tiangao Qiu (Chairman)
* Chunying Xiong (President)

Products| Automobiles

Production output

|  281,594 (2022)[1]
Revenue|  CN¥30.10 billion (2022)[1]

Operating income

|  CN¥0.90 billion (2022)[1]

Net income

|  CN¥0.86 billion (2022)[1]
Total assets|  CN¥27.47 billion (2022)[1]
Total equity|  CN¥9.24 billion (2022)[1]
Owners|

* Changan Automobile (20.51%)
JMCG(20.51%)[note 1]
* Ford Motor Company (32%)

[1][2][3]

Number of employees

| 12,339 (December 2022)[1]
Divisions|

* JMC Yusheng
* JMC New Energy

Subsidiaries|

* JMC Heavy Duty Vehicle (dormant)
* Jiangling Ford Motor Technology (Shanghai) Company (51%)

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
| Transcriptions

Standard Mandarin
Hanyu Pinyin| Jiānglíng Qìchē Gǔfèn Yǒuxiàn Gōngsī
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[edit]

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[edit]

### Production bases[edit]

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[edit]

#### JMC (Jiangling)[edit]

A brand mainly for commercial vehicles

A JMC Teshun photographed in Shenzhen, China A JMC Boarding photographed in Cancun, Mexico A JMC Yusheng photographed in Shanghai, China A JMC Yunba photographed in Dandong, China

* 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)

#### Yusheng[edit]

Main article: JMC Yusheng

A brand for passenger vehicles.

* Yusheng S330 CUV
* Yusheng S350 SUV
* Yusheng S330 EV/PHEV (proposed)

#### Lexing[edit]

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.[17]

* Lexing E-Road[17]

#### Dadao[edit]

A brand for pickup trucks and SUVs. Launched in 2023.[18]

* Dadao Mohe

* Dadao Mohe

#### Licensed Ford production[edit]

* 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 Everest
* Ford Ranger
* Ford Bronco
* Ford Territory

## Sales[edit]

Sales of Jiangling Motors [19] 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

Though Jiangling Motor is a public-listed company which Ford holds minority of its stake, the sales volume of Jiangling Motor, including Ford and non-Ford brands, are all consolidated into Ford.[20]

## See also[edit]

* List of Chinese auto companies

## Notes[edit]

1. ^ Changan and JMCG hold the JMC through Nanchang Jiangling Investment by 50:50.

## References[edit]

1. ^ 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.
2. ^ 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.
3. ^ 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.
4. ^ 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."
5. ^ a b Moser, Michael J.; Yu, Fu (2014). Doing Business in China. Juris Publishing. ISBN 978-1-57823-155-3.
6. ^ a b c d Luo, Yadong (2000). How to Enter China. University of Michigan Press. pp. 300, 303. ISBN 978-0-472-11188-6.
7. ^ "JMC's sales in Chile jumped 300% YoY in 2021". China Trucks. 27 December 2021. Retrieved 22 February 2022.
8. ^ Yan, Fang; Takada, Kazunori (17 April 2013). "Ford raises stake in China's Jiangling Motors". Reuters. Retrieved 1 February 2019.
9. ^ "JMC, a Ford Partner, Releases First Passenger Car–Yusheng SUV". ChinaAutoWeb.com. 5 December 2010.
10. ^ "江铃重汽" [Jiangling Heavy Vehicle]. 360che.com (in Chinese). Retrieved 4 April 2019.
11. ^ Zhang, Yushuo (24 August 2021). "Volvo buys Jiangling Motors' unit to start making heavy-duty trucks in China". Yicai Global. Retrieved 22 February 2022.
12. ^ "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.
13. ^ "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.
14. ^ "公司简介" [Company profile] (in Chinese). JMC. Retrieved 14 October 2019.
15. ^ "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.
16. ^ "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.
17. ^ 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.
18. ^ "Ecoboost发动机 江铃全新品牌大道发布". autohome.com.cn. Retrieved 21 March 2023.
19. ^ "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.
20. ^ "Investor Information". Ford Motor Company.

## External links[edit]

Wikimedia Commons has media related to Jiangling Motor.

* Official website

* v
* t
* e

Jiangling Motors

Current Jiangling vehicles|

| Pickup trucks|

* Baodian
* Yuhu
* Yuhu 3
* Yuhu 5
* Yuhu 7
* Yuhu 9
* Yuhu EV

|

Crossovers/SUVs|

* Yusheng S350
* Yusheng S330

commercial Trucks|

* Kairui/Kaiwei
* Kairui 800
* Kaiyun
* Shunda

Historic vehicles|

* Carrying
* CV9
* Qingka
* Yunba

Former Joint-venture vehicles|

| Vans|

* Teshun
* E-Series
* Ford Classic Transit
* Ford New generation Transit

|

* v
* t
* e

Ford Motor Company

Divisions/
Marques|

| Current|

* Ford
* Lincoln

|

Discontinued|

* Comet (1960–61)
* Continental (1956–59)
* Edsel (1956–59)
* Fordson (1917–64)
* Frontenac (1960)
* Mercury (1938–2011)
* Merkur (1985–89)
* Meteor (1949–76)
* Monarch (1946–61)
* Thames (1939–65)

Subsidiaries|

| Current|

* Automotive Components Holdings
* Changan Ford (China)
* Australia
* Argentina
* Brazil
* Canada
* Credit
* Europe
* France
* Germany
* Ireland
* Italia
* Romania
* United Kingdom
* New Zealand
* Ford Performance
* Philippines
* Quick Lane
* Southern Africa

|

Former|

* Aston Martin
* Chariot
* Cosworth
* Ford Aerospace
* FPV
* Ford India
* Ford Japan
* Ford Team RS
* Hertz Corporation
* Jaguar
* Daimler Company
* Kwik-Fit
* Land Rover
* New Holland Agriculture
* Premier Automotive Group
* Special Vehicle Operations
* Special Vehicle Team
* Spin
* Th!nk
* Troller
* Visteon
* Volvo

Joint ventures and
shareholdings|

| Current|

* AutoAlliance International (50%)
* AutoAlliance Thailand
* Changan Ford (50%)
* Ford Lio Ho
* Ford Otosan (41%)
* Ford Vietnam (60%)
* Jiangling Motors (32%)

|

Former|

* Argo AI (42%)
* AutoLatina (Argentina/Brazil)
* Automotive Fuel Cell Cooperation (49.9%)
* Changan Ford Mazda (China)
* Ford Sollers (Russia)
* Ford Union (Belaurs)
* Getrag Ford Transmissions (50%)
* Matford (France)
* Samcor (South Africa)
* Troller (Brazil)

Facilities and
products|

* Ford World Headquarters
* Detroit Corktown campus properties
* Michigan Central Station
* Roosevelt Warehouse
* Engines
* Factories
* Motorcraft
* Mercon
* Platforms
* Proving grounds
* Transmissions
* Vehicles

People|

* Designers
* Ford Family
* Henry Ford (Founder)
* William Clay Ford Jr. (Executive Chairman)
* Jim Farley (CEO)
* List of CEOs

Other|

* Big Three
* Dodge v. Ford Motor Co.
* Grimshaw v. Ford Motor Co.
* Fordlândia
* Ford Field
* The Ford Show
* Ford v Ferrari
* History
* Kinetic Design
* New Edge
* Pay on production
* United States Council for Automotive Research

* Category
* Commons

* v
* t
* e

Automotive industry in China

* Automotive industry
* Economy of China
* Transport in China

Chinese
vehicle
manufacturers|

| Current|

* AITO
* Aiways
* Aoxin
* BAIC Group
* Arcfox
* BAW
* Changhe
* Foton
* Yinxiang Group
* Baoneng Motor
* BeiBen
* Brilliance Auto Group
* Brilliance
* Jinbei
* SWM
* BYD Company
* BYD
* Fangchengbao
* Songsan
* Yangwang
* Changan
* CHTC Motor
* Bonluck Bus
* Chery
* Cowin
* Exeed
* Jaecoo
* Jetour
* Karry
* Luxeed
* Omoda
* Ciwei
* CNJ
* Dayun Group
* Dayang
* Dayun
* Dial EV
* Dongfeng
* Dongfeng Motor Group
* Dongfeng Liuzhou
* Forthing/Dongfeng Fengxing Jingyi
* Dongfeng Fengshen
* Dongfeng Nengdi
* Dongfeng Xiaokang
* Voyah
* Enovate
* Evergrande New Energy Auto
* Hengchi
* FAW
* Bestune
* FAW Bus and Coach
* FAW Car
* FAW Jiefang
* FAW Jilin
* Haima
* Hongqi
* Tianjin FAW
* Fujian Motors
* Soueast
* King Long
* Golden Dragon
* Higer Bus
* Yudo
* GAC
* Aion
* Denway
* GAC Bus
* Hycan
* Trumpchi
* Geely
* CAMC
* Geometry
* Jidu
* Lynk & Co
* Tangjun Ou Ling
* Zeekr
* Great Wall
* Haval
* Ora
* Tank
* Wey
* GreenWheel EV
* Grove
* Hawtai
* Heibao
* Henrey
* Hozon
* Human Horizons
* HiPhi
* JAC
* Ankai
* Jiangling Investment
* JMC
* JMC Heavy Duty Vehicle
* JMC Yusheng
* Jiangling Motor Holding
* Landwind
* Jintan Auto Group
* JMCG
* Jingma Motor
* Jonway
* Joylong
* Kandi
* Kawei
* Kingstar
* Leapmotor
* Lichi
* Lifan
* Livan Automotive
* Li Xiang
* Lishan Bus
* Mudan Auto
* Min'an Electric
* Nanjing Golden Dragon Bus
* Nio
* Niutron
* Qiantu
* Qingling
* Qingyuan Auto
* Rox Motor
* SAIC
* IM Motors
* Maxus
* MG
* Rising Auto
* Roewe
* Sunwin
* SG
* China Flxible
* Huanghai Bus
* Shacman
* Shandong Huoyun
* Singulato
* Sinogold
* Sinotruk
* Sinotruk (Hong Kong)
* Skyworth Auto
* Soar
* Sokon
* DFSK Motor
* Seres
* Suda
* Sunlong Bus
* Techrules
* Tengzhong
* Thunder Power
* Wanshan
* Wanxiang
* Weichai
* Weltmeister
* WindBooster
* Wuzheng
* Wuzhoulong
* Xinkai
* XPeng
* Foday
* Yaxing
* YTO Group
* Yutong
* Zedriv
* Zhongtong
* ZX Auto

|

Former|

* Baolong
* Bordrin
* Borgward Group
* Byton
* Chang Jiang EV
* Changfeng
* Changzhou Changjiang Bus
* Dadi
* Dorcen
* Emgrand
* Etsong
* EuAuto Technology
* Gonow
* Hafei
* Huali
* Huaxiang Fuqi
* Huayang
* Huoyun
* JMCGL
* JTC
* Levdeo
* Yema
* Maple/Shanghai Maple
* Nanjing
* Polarsun
* Qoros
* Rayttle
* Riich
* Senova
* Shengyang Shenfei
* Shuanghuan
* Red Star
* SiTech
* Gyon
* Wanfeng
* Weiwang
* Yangcheng Auto
* Yangtse
* Youngman
* Youxia Motors
* Zotye
* Hanteng
* Hunkt
* Jiangnan Automobile

Sino-foreign
joint venture
vehicle
manufacturers|

| Current|

* Beijing Benz
* Beijing Hyundai
* BMW Brilliance
* Zinoro
* Changan Ford
* Changan Mazda
* Chery Jaguar Land Rover
* Denza
* Dongfeng Honda
* Ciimo
* Dongfeng Nissan
* Infiniti
* Dongfeng Peugeot-Citroën
* Dongfeng Yueda Kia
* FAW-GM
* FAW Toyota
* FAW-Volkswagen
* Jetta
* Fujian Benz
* Fukang
* GAC Hino
* GAC Toyota
* Leahead
* GAC Honda
* Everus
* JAC Volkswagen
* Sehol
* Jiangxi Isuzu
* JMEV
* Mobilize
* Naveco
* Renault Brilliance Jinbei
* Huasong
* Jinbei
* SAIC-GM
* SAIC-GM-Wuling
* Baojun
* Wuling
* SAIC Iveco Hongyan
* SAIC Volkswagen
* SDLG
* Silk-FAW

|

Former|

* Dongvo
* Changan Ford Mazda
* Changan PSA
* Changan Suzuki
* Changzhou Iveco
* Dongfeng Fengdu
* Dongfeng Renault
* Dongfeng Yulon
* Europestar
* GAC Fiat Chrysler
* GAC Mitsubishi
* Guangzhou Peugeot
* Nanjing Fiat
* Ranz
* Sanjiang Renault
* Shenfei Hino
* Venucia

Subsidiaries of
foreign
companies|

* Honda Automotive
* Volkswagen Group China
* Tesla China (Giga Shanghai)

Other|

* Plug-in electric vehicles in China
* Auto China
* Auto Guangzhou
* Auto Shanghai
* Automechanika
* China Association of Automobile Manufacturers
* TJ Innova
* Wanxiang
* Weichai Power
* Zhongsheng

N.B. Only companies and organisations from Mainland China and Hong Kong are included

* Category

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