Jiangling Motor Holding
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Jiangling Holdings, also translated as Jiangling Motor Holding (JMH), is the name of two successive
Jiangxi Jiangxi (; ; formerly romanized as Kiangsi or Chianghsi) is a landlocked province in the east of the People's Republic of China. Its major cities include Nanchang and Jiujiang. Spanning from the banks of the Yangtze river in the north int ...
-based Chinese
joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...
s focused on the
automotive industry The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % such ...
. The present Jiangling Holdings, established in June 2019 as a successor of the first one, is owned by state-controlled companies Jiangxi Guokong Automotive Investment Corporation (as majority holder),
JMCG Jiangling Motors Corporation Group Co., Ltd. (JMCG) is a Chinese state-owned holding mostly operating in the automotive industry. It was established in 1947 and is headquartered in Nanchang, Jiangxi. JMCG has various production facilities and, ...
and
Changan Auto Chang'an Automobile Co., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Jiangbei, Chongqing.joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...
was established in October 2004 (incorporated in November) as an equally-owned one by the state-owned enterprises Changan and
JMCG Jiangling Motors Corporation Group Co., Ltd. (JMCG) is a Chinese state-owned holding mostly operating in the automotive industry. It was established in 1947 and is headquartered in Nanchang, Jiangxi. JMCG has various production facilities and, ...
. To create Jiangling Motor Holding, Changan invested money and in exchange JMCG transferred its
Jiangling Motors 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 enterpris ...
(JMC) equity to the venture. Jiangling Motor Holding was from then on the largest shareholder of JMC, with a 41.03% stake as of March 2018. JMH also owned the
Landwind Landwind is an automobile marque owned by the Chinese automaker Jiangling Motor Holding (JMH), a joint venture between Jiangxi Guokong Automotive Investment Corporation (50%), Jiangling Motors Corporation Group (25%) and Changan Automobile (25% ...
marque. Between 2005 and 2019, JMH's Landwind was the subject of complaints and legal demands by
Jaguar Land Rover Jaguar Land Rover Automotive PLC is the holding company of Jaguar Land Rover Limited (also known as JLR), and is a British multinational automobile manufacturer which produces luxury vehicles and sport utility vehicles. Jaguar Land Rover is a ...
, with the latter alleging various illegal copies of its properties.


New JMH

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 vehicle A plug-in electric vehicle (PEV) is any road vehicle that can utilize an external source of electricity (such as a wall socket that connects to the power grid) to store electrical power within its onboard rechargeable battery packs, which then ...
s. The official signing ceremony for the new JMH was in August, but production of
Aiways U5 The Aiways U5 ( zh, s=爱驰U5, hp=Aì Chí U5) is an all-electric battery-powered compact crossover SUV manufactured by the Chinese company Aiways. It is the first vehicle model from this manufacturer. The production model of the U5 was public ...
s at the JMH plant started in June, as soon as the deal was completed. In June 2021, Aiways sold its JMH stake to Jiangxi Guokong Automotive Investment Corporation, a company controlled by
Nanchang Nanchang (, ; ) is the capital of Jiangxi Province, People's Republic of China. Located in the north-central part of the province and in the hinterland of Poyang Lake Plain, it is bounded on the west by the Jiuling Mountains, and on the east ...
's municipality, while keeping the production permits.


Operations

JMH is headquartered in Nanchang, China. The company owns the
Landwind Landwind is an automobile marque owned by the Chinese automaker Jiangling Motor Holding (JMH), a joint venture between Jiangxi Guokong Automotive Investment Corporation (50%), Jiangling Motors Corporation Group (25%) and Changan Automobile (25% ...
marque and produces all its models. It has also produced vehicles for its former largest shareholder, Aiways. Its Nanchang plant has the capacity to assemble up to 150,000 vehicles per year.


References

{{Automotive industry in China Car manufacturers of China Vehicle manufacturing companies established in 2004 Vehicle manufacturing companies established in 2019 Jiangling Motors Corporation Group Changan Automobile