JMC Heavy Duty Vehicle
Type | Subsidiary | ||
---|---|---|---|
Industry | Automotive | ||
Predecessor | Taiyuan Changan Heavy Truck Company | ||
Founded | 8 January 2013 | ||
Headquarters | , China | ||
Area served | China | ||
Key people | Wu Xiaojun (general manager)[1] | ||
Products | Trucks | ||
CN¥−303.330 million[2] (2017) | |||
CN¥−219.831 million (2017)[2] | |||
Total assets | CN¥2,061.645 million (2017)[2] | ||
Total equity | CN¥−327.366 million (2017)[2] | ||
Parent | Jiangling Motors | ||
Chinese name | |||
Simplified Chinese | 江铃重型汽车有限公司 | ||
Traditional Chinese | 江鈴重型汽車有限公司 | ||
| |||
Website | www |
JMC Heavy Duty Vehicle (JMCH) is a 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
History[]
In August 2012, Jiangling Motors announced it would acquire all the stake of the Taiyuan-based heavy truck manufacturer Taiyuan Changan Heavy Truck Company from its shareholders Changan (80% stake) and China South Industries Group Corporation (20%).[3][4] Taiyuan Changan Heavy Truck had been established in 2007 and planned to sell about 15,000 trucks by 2012 and be in the level of the top-ten truck manufacturers within China, but the actual number that year was about 3,000.[5] Taiyuan Changan Heavy Truck was reincorporated as JMC Heavy Duty Vehicle (JMCH) and restarted operations on 8 January 2013.[6] In July 2014, Ford and JMCH signed an agreement for the latter to produce Ford-based heavy trucks.[7] In 2015, JMCH completed the construction of a new assembly plant and an engine plant.[6] The first product from the company, the Cargo-based Weilong, was unveiled at the 2017 Shanghai Motor Show[8] and deliveries started in October 2017.[9] In 2018, the company introduced the F-MAX-based Weilong HV5.[10]
In August 2020, following constant yearly losses, JMC announced it had spun off JMCH's engine branch into a separate company called Taiyuan Jiangling Power Co., Ltd. In October 2020, it announced it had put a 60% controlling stake from the new company on sale.[11] In January 2021, it announced it had sold the stake to the Yunnei Group (a state-owned holding controlled by the Kunming State-owned Assets Supervision and Administration Commission). [12] That same month, JMC said it would increase the JMCH capital with the aim of improving its assets-liabilities ratio and facilitating a company restructuring.[13] In May 2021, JMC said its board had decided to list JMCH for sale.[14]
Products[]
As of 2019, the company sells two Ford-based heavy trucks, the Weilong and Weilong HV5, under various configurations.[6]
References[]
- ^ "百台大单!江铃威龙重卡助力复工复产" (Press release) (in Chinese). JMC Heavy Duty Vehicle. Retrieved 18 May 2021.
- ^ Jump up to: a b c d "Jiangling Motors Corporation, Ltd. 2017 Annual Report" (PDF). JMC. p. 14. Retrieved 5 April 2019 – via Sohu.
- ^ "Ford Gains Foothold In China Truck Field". Wall Street Journal. 8 August 2012. Retrieved 4 April 2019.
- ^ Roberts, Graeme (8 August 2012). "Ford/Jiangling JV targets heavy truck sales with acquisition". Just-auto.com. Retrieved 4 April 2019.
- ^ Geng, Huili; Yang, Xiaolin (8 August 2012). "JMC, The Bridge Of Chang'an And Ford For Heavy-Duty Truck Cooperation". chinaautoreview.com. Retrieved 5 April 2019.
- ^ Jump up to: a b c "江铃重汽" [Jiangling Heavy Vehicle]. 360che.com (in Chinese). Retrieved 4 April 2019.
- ^ "JMC Heavy-duty Auto Gets Technology Support from Ford". Chinatrucks.com. 28 July 2014. Retrieved 4 April 2019.
- ^ "Auto Shanghai 2017: JMC's First Heavy Truck Weilong Shows up". Chinatrucks.com. 21 April 2017. Retrieved 4 April 2019.
- ^ "JMC Weilong Heavy-duty Trucks Delivered to Their First Customers for Operation". Chinatrucks.com. 27 October 2017. Retrieved 4 April 2019.
- ^ "JMC Weilong Wide body HV5 Coming Off Line and Set to Launch Next Month". Chinatrucks.com. 25 October 2018. Retrieved 4 April 2019.
- ^ "江铃汽车拟转让全资子公司60%股权 欲拓展重卡业务?" [JMC intends to transfer a 60% equity of its wholly-owned subsidiary. Does it want to expand its heavy truck business?]. nbd.com.cn (in Chinese). 14 October 2020. Retrieved 30 October 2020.
- ^ "江铃汽车正式出售江铃动力60%股权,昆明国资控股企业接盘" [JMC officially sold a 60% stake of Jiangling Power, it was acquired by a Kunming state-owned holding company]. sohu.com (in Chinese). 8 January 2021. Retrieved 9 January 2021.
- ^ "江铃汽车:拟11.42亿元现金增资江铃重汽 降低其资产负债率便于进行业务重组" [JMC plans to increase the JMCH capital by CN¥1.142 billion to improve its asset-liability ratio and facilitate a business restructuring]. jrj.com.cn (in Chinese). 8 January 2021. Retrieved 9 January 2021.
- ^ "挂牌7.6亿的江铃重汽 谁会接手?" [Who will take over the CN¥760 million-listed JMC Heavy Duty Vehicle?]. cv.ce.cn (in Chinese). 12 May 2021. Retrieved 12 May 2021.
External links[]
- Truck manufacturers of China
- Companies based in Taiyuan
- Vehicle manufacturing companies established in 2013
- Ford Motor Company