 | |
| Type | Joint venture |
|---|---|
| Founded | June 2019 (present JMH) |
| Headquarters | Nanchang, Jiangxi, China |
| Area served | Worldwide |
| Industry | Automotive |
| Divisions | Landwind |
Jiangling Holdings, also translated as Jiangling Motor Holding (JMH), is the name of two successive Jiangxi-based Chinese joint ventures focused on the automotive industry. 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 and Changan Auto. The first Jiangling Holdings was established in 2004 by JMCG and Chang'an as an equally-owned venture.
History[]
Old JMH[]
The first Jiangling Motor Holding joint venture was established in October 2004 (incorporated in November) as an equally-owned one by the state-owned enterprises Changan and JMCG. To create Jiangling Motor Holding, Chang'an invested money and in exchange JMCG transferred its Jiangling Motors (JMC) equity to the venture. Jiangling Motor Holding was from then on the largest shareholder of JMC,[1] with a 41.03% stake as of March 2018.[2] JMH also owned the Landwind marque.[1][3]
Between 2005 and 2019, JMH's Landwind was the subject of complaints and legal demands by Jaguar Land Rover, with the latter alleging various illegal copies of its properties.[4][5]
New JMH[]
In April 2019, it was announced that JMCG and Chang'an 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 Chang'an and JMCG. The new JMH would own the rest of the former JMH assets (including Landwind)[6][7] and it would issue 100% more shares to be sold to investors, leaving JMCG and Changan with a 25% stake each.[7] Jiangling Investment was formally established in May 2019, completing the split of the former JMH.[8] 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.[9][10] The official signing ceremony for the new JMH was in August,[11] but production of Aiways U5s at the JMH plant started in June, as soon as the deal was completed.[9] In June 2021, Aiways sold its JMH stake to Jiangxi Guokong Automotive Investment Corporation, a company controlled by Nanchang's municipality, while keeping the production permits.[12]
Operations[]
JMH is headquartered in Nanchang, China.[13] The company owns the Landwind marque and produces all its models.[6] It has also produced vehicles for its former largest shareholder, Aiways.[9]
Its Nanchang plant has the capacity to assemble up to 150,000 vehicles per year.[14]
References[]
- ↑ 1.0 1.1 "江铃控股详细资料" (in zh).
- ↑ "Jiangling Motors Corporation, Ltd. 2017 Annual Report", JMC, pp. 27, 29.
- ↑ "Landwind", JMCG.
- ↑ "14年鏖战三回合，路虎与陆风到底谁赢了？" (in zh) (19 April 2019).
- ↑ "路虎VS陆风 第一次有人从这个角度讲明白这件事" (in zh) (10 April 2019).
- ↑ 6.0 6.1 Hu, Xinyu (3 April 2019). "江铃汽车控股股东拟变更为江铃投资" (in zh).
- ↑ 7.0 7.1 "长安汽车拟为江铃控股引入战略投资者" (in zh) (3 April 2019).
- ↑ Jian, Jianru (30 May 2019). "江铃汽车和长安汽车共同成立投资公司 注册资本10亿元" (in zh).
- ↑ 9.0 9.1 9.2 Li, Xing (5 June 2019). "爱驰汽车购入江铃控股50%股权 首款量产车已开始生产" (in zh).
- ↑ Xing, Lei (6 June 2019). "AIWAYS Acquires 50 Percent Stake In Jiangling Holding For Nearly ￥1.75 Billion", China Automotive Review.
- ↑ "Roundup of joint-venture, new investment projects for Q3’s Chinese auto industry", Automotive News Gasgoo (10 October 2019).
- ↑ "爱驰“割肉”退出江铃控股，陆风汽车重组失败原因何在？" (in zh) (2 July 2021).
- ↑ "Jiangling Motor Holding Co Ltd", Bloomberg.
- ↑ "Aiways buys majority stake in Jiangling Holdings", Automotive News China (19 August 2019).
Template:Automotive industry in China
| |||||||||||||||||||||||||||||||||||
