Jincheng Group
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The Jincheng Group ( zh, 金城集团) was established in 1949 and affiliated with
China Aviation Industry Corporation I China Aviation Industry Corporation I (AVIC I) was a Chinese consortium of aircraft manufacturers. The consortium was created on 1 July 1999 by splitting the state-owned consortium Aviation Industry Corporation of China (AVIC) into AVIC I and AVIC ...
(AVIC I), Jincheng Corporation is a large
state-owned enterprise A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...
group engaged in five industries, i.e., electromechanic and
hydraulic Hydraulics (from Greek: Υδραυλική) is a technology and applied science using engineering, chemistry, and other sciences involving the mechanical properties and use of liquids. At a very basic level, hydraulics is the liquid counter ...
industry, light power industry,
vehicle A vehicle (from la, vehiculum) is a machine that transports people or cargo. Vehicles include wagons, bicycles, motor vehicles (motorcycles, cars, trucks, buses, mobility scooters for disabled people), railed vehicles (trains, trams), wa ...
industry,
international trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant ...
industry and production &
service industry The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the second ...
. Jincheng Corporation is a hi-tech enterprise, a model enterprise of CIMS Project of the
863 Program The 863 program () or State High-Tech Development Plan () was a program funded and administered by the government of the People's Republic of China intended to stimulate the development of advanced technologies in a wide range of fields for th ...
and a national "contract-abiding by and credit-emphasizing:enterprise. The brand "Jincheng", with the value of
RMB The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. ...
3.109 billion Yuan, is "Chinese Famous Trademark". The company is headquartered in Nanjing, Jiangsu Province, China. Jincheng is among the top 500 Chinese large enterprise companies with net assets of
US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
200 million and fixed assets of US$450 million. Motorcycles are a large part of their business, exporting 80 models to almost 40 countries and are ranked top in the Chinese Motorcycle sector. In 2006 Devon Motorcycles, who distribute Jincheng motorcycles in the United States, teamed up with them to make
Aprilia Aprilia is an Italian motorcycle manufacturer founded immediately after World War II in Noale, Italy, by Alberto Beggio. The company started as a manufacturer of bicycles and moved on to manufacture scooters and small-capacity motorcycles. ...
motorcycles and engines. It is one of the top three leading motorcycle manufacturers in China. They have a joint venture with
Suzuki is a Japan, Japanese multinational corporation headquartered in Minami-ku, Hamamatsu, Japan. Suzuki manufactures automobiles, motorcycles, All-terrain vehicle, all-terrain vehicles (ATVs), outboard motor, outboard marine engines, wheelchairs ...
, Nanjing Jincheng Suzuki Motorcycle Co., Ltd, it is a partner with Aprilia. In 2006, it exported more than half a million motorcycles to 50 countries around the world. It has subsidiaries in Argentina, Columbia, and Nigeria. Jincheng Group Imp & Exp Co. Ltd. offers international trading and international cooperation services. It imports and exports motorcycles, machinery, special-purpose vehicles, vehicle accessories, equipment, and other products. The brand name includes manufacture and distribution of at least 77 vehicles, 59 models, types and all kinds of two and three-wheeled motorized vehicles: cargo trikes, cub bikes, motomotorcycles, scooters, underbone motorcycles, moto three-wheelers tricycle trucks, mopeds, 50cc scooters, and 50cc underbone motorcycles, etc. Notwithstanding the use of the trade name, "Jincheng", the vehicles are manufactured by *Jincheng Group Co., Ltd. (a company in Nanjing, Jiangsu Province, China); and *Guangzhou Jincheng Motorcycle Co., Ltd. (a company in Conghua District, Guangzhou, Guangdong Province, China).


History

The foundation of Jincheng Group dates back to 1949 when the company entered into an agreement with the Chinese government to establish a Chinese
Air Force An air force – in the broadest sense – is the national military branch that primarily conducts aerial warfare. More specifically, it is the branch of a nation's armed services that is responsible for aerial warfare as distinct from an a ...
maintenance facility located in
Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...
. In 1958, the production of components for aircraft equipment also began in the aeronautical maintenance sector. In the eighties Jincheng started development projects for the motorcycle sector looking for a foreign partner for production. In 1985 an agreement was signed with the Japanese
Suzuki is a Japan, Japanese multinational corporation headquartered in Minami-ku, Hamamatsu, Japan. Suzuki manufactures automobiles, motorcycles, All-terrain vehicle, all-terrain vehicles (ATVs), outboard motor, outboard marine engines, wheelchairs ...
for the supply of technology and patents for motorcycles. The first model assembled by the Chinese manufacturer is the
Suzuki AX 100 Ind-Suzuki AX 100 is a two-stroke, 98 cc motorcycle from Tvs-Suzuki. It was made in Japan, India and China. Various Chinese companies like Baccio, Jiancheng, Guerrero, Ayuco or Akt copied the design and produced mechanical copies under ...
. From this moment the company will quickly start developing a series of motorcycles that will be highly appreciated on the local market. In 1993 it began to export to Pakistan and in 1994 the Nanjing Jincheng Suzuki Motorcycle joint venture was born, based in Nanjing, which allowed the Suzuki brand to officially enter the Chinese market. In 1995 Jincheng Group obtained the ISO9001 quality certificate. Subsequently, the company continued its expansion plan especially in the Asian and South American markets; in 1997 the first assembly plant was founded in Colombia and subsequently landed in Argentina. In 1998
Honda is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan. Honda has been the world's largest motorcycle manufacturer since 1959, reaching a product ...
bought the production rights of the minibike Honda Monkey which is re-proposed on the market with extensive modifications renamed Jincheng JC50-Q7 and also imported into Europe. In Italy it will be distributed by the Motor Union and sold as Doggy. He later launches a copy of the
Honda Dax Dax or DAX may refer to: Business and organizations * DAX, stock market index of the top 40 German companies ** DAX 100, an expanded index of 100 stocks, superseded by the HDAX ** TecDAX, stock index of the top 30 German technology firms * Dax ...
. In 1999 he began developing a new range of scooters designed for the European market and signed an agreement with
Yamaha Motor is a Japanese multinational manufacturer of motorcycles, marine products such as boats and outboard motors, and other motorized products. The company was established in 1955 upon separation from Yamaha Corporation (however, Yamaha Corporation ...
to produce engines under license in the 125-250 cc range. In 2000, he signed an agreement with the Italian company
Italjet Italjet Moto SpA (Italjet) is an Italian manufacturer of motorcycles, headquartered in Castel San Pietro Terme, Bologna, Italy. The company was founded in 1959 in San Lazzaro, Bologna by Leopoldo Tartarini (1932–2015). Products See also ...
to sell its Jincheng Eupolo maxiscooter in Europe under the Italian brand. This model will be imported from 2001 and renamed Italjet Jupiter in 125, 150 and 250 displacements. In 2002 it obtained the ISO14001 international quality certificate. At the end of 2003, a strategic agreement was signed with
Aprilia Aprilia is an Italian motorcycle manufacturer founded immediately after World War II in Noale, Italy, by Alberto Beggio. The company started as a manufacturer of bicycles and moved on to manufacture scooters and small-capacity motorcycles. ...
to produce scooters and engines under license in China with the Jincheng brand. In 2006, production of the
Scarabeo The Scarabeo is a scooter model produced by the Italian motorcycle manufacturer Aprilia. Available in different displacements, it was first presented to the public in 1993. Initially born as a model within the Aprilia range, today Scarabeo is a ...
"Light" models began in China under license and, together with the Aprilia research and development center in Noale, a new 125 and 200 cc four-stroke engine was industrialized which was also mounted on the Scarabeo produced in Italy. In the mid-2000s the joint venture with Suzuki ended as the Japanese company created a new joint venture with the Chinese company Haojue. The agreement with Aprilia ends when the
Piaggio Piaggio & C. SpA (Piaggio ) is an Italian motor vehicle manufacturer, which produces a range of two-wheeled motor vehicles and compact commercial vehicles under seven brands: Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi, and Scarabeo. Its ...
group strengthens its presence in China by signing an agreement with the competitor
Zongshen Zongshen () is a Chinese manufacturing company producing motorcycles, quad bikes, generators and engines, based in Chongqing, China. It claims to have a yearly output of over 1,000,000 motorcycles. Zongshen Chongqing is the original manufacture ...
to produce Aprilia motorcycles. As a result, the Jincheng group acquired the production rights for the old Scarabeo and the related 125/200 engines to sell them under its own brand. This is how Jincheng Tiramisù was launched in 2016, the old Scarabeo "Light" with a revised aesthetic design. Also in 2018 Jincheng enters into a partnership with
Adiva Adiva was the first wife of Boleslaus II of Bohemia. It has been speculated that she was the progeny of Edward the Elder Edward the Elder (17 July 924) was King of the Anglo-Saxons from 899 until his death in 924. He was the elder son of Alf ...
to produce motorcycles for the Italian brand to be sold in Asia. In December 2020, the production of the Adiva AJ/Fortune model started, a high-wheeled scooter derived from the Jincheng Tiramisu which is sold only in Asia. Jincheng recently presented new models of both road and adventure motorcycles with displacements from 125 up to 400 cc. It is also a partner of numerous European breakers. It produces components and engines for Italjet used in the new Dragster model, supplies its Jincheng Grasshopper 125/200 scooter to the Austrian KSR Group which resells it in Europe and Asia under the
Malaguti Malaguti is an Italian bicycle, scooter and motorcycle company based in San Lazzaro di Savena, founded by Antonino Malaguti in 1930. Producing bicycles until 1958, they then entered the motorcycle market. Noted for their use of small engine ...
brand rebadged Malaguti Mission. Also supplies its Tiramisù 125 scooter to Spanish MH Motorcycle (Motorhispania) wich sell as a MH Fasty 125.


See also

*
Jincheng Suzuki Jincheng Suzuki is a joint Sino-Japanese producer of motorcycles and scooters founded in 1994 and headquartered in Nanjing. It is a joint venture between Suzuki and Nanjing Jincheng Machinery The Jincheng Group ( zh, 金城集团) was established ...


References


External links


AVIC Jincheng Group Co. Ltd.
Company home page {{Motorcycle manufacturers of the People's Republic of China Motorcycle manufacturers of China Vehicle manufacturing companies established in 1949 Chinese companies established in 1949 Chinese brands