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Jiangling Motors Co., Ltd. (JMC), headquartered in Nanchang City, Jiangxi Province, is an important base for Chinese automotive exports and a leading exporter of light diesel commercial vehicles. It has been listed among the China Top 500 Enterprises and China Top 500 Manufacturing Enterprises for many consecutive years. The group's predecessor can be traced back to the Nanchang Automobile Repair Plant, founded in 1947. It was officially registered on August 3, 1988, with a registered capital of 1.5 billion RMB. The group has four major business segments: complete vehicles, parts, modified vehicles, and service finance. Its product lines cover light vans, light trucks, pickups, SUVs, new energy sedans, and buses, featuring a complete automotive industry chain layout and a national-level enterprise technology center. The chairman of the group and legal representative is Qiu Tiangao.
JMC Motors has two listed companies. Jiangling Motors Co., Ltd. (000550.SZ, nicknamed "JMC Motors") was listed on the Shenzhen Stock Exchange in November 1993, making it the first listed company in Jiangxi Province. JMC Motor Group is also the largest shareholder of Jiangling Motors. In 2025, the company ranked 225th on the China Top 500 Enterprises list.
JMC's history is a model of how a local Chinese automotive enterprise achieved leapfrog development through openness and cooperation. It can be divided into four periods: the Entrepreneurial Period, Joint Venture Foundation Period, Full-scale Expansion Period, and New Energy Transformation Period.
Entrepreneurial Launch Period (1968–1984): In April 1968, the Jiangxi Automobile Manufacturing Plant produced its first batch of 12 Jinggangshan brand cars, marking the beginning of its car-making history. In March 1985, the Jiangxi Automobile Manufacturing Plant signed a formal contract with Isuzu Motors Ltd. of Japan to introduce the Isuzu NHR542 double-cab light truck through a combination of technology introduction and trade. It became one of the first enterprises in China to introduce the latest international light truck technology, laying the foundation for China's light truck manufacturing industry. In April 1993, Jiangling Isuzu Automotive Co., Ltd. was officially established. In December of the same year, JMC Motors was listed on the Shenzhen Stock Exchange, becoming the first listed company in Jiangxi Province.
Joint Venture Foundation Period (1995–2009): In August 1995, JMC Motors introduced the Ford Motor Company of the United States by issuing B-shares nationwide for the first time. After Ford purchased the issued B-shares for $40 million, it held a 20% stake, marking JMC's official entry into the global industrial ecosystem. In December 1997, JMC and Ford successfully launched the first truly Sino-foreign jointly developed vehicle in China—the Transit commercial vehicle—which became a model of successful cooperation between a local Chinese enterprise and foreign capital. In December 2004, JMC Motor Group's annual sales revenue exceeded 10 billion RMB for the first time. In 2006, the company's technology center was officially established. In 2005, Jiangxi Jiangling Holding Co., Ltd. was established, with Changan Automobile and JMC each holding a 50% stake.
Full-scale Expansion Period (2010–2019): In 2010, the Jiangling Xiaolan Base 300,000-unit complete vehicle project was launched. In 2011, the group proposed its "20115 Strategy," aiming to achieve annual complete vehicle sales of 1 million units and operating revenue of 150 billion RMB by 2020. In January 2015, Jiangxi Jiangling Group New Energy Vehicle Co., Ltd. was established, officially laying the groundwork for the new energy track. In 2019, the company name was changed to JMC Motor Group Co., Ltd.
Transformation and Breakthrough Period (2020–Present): Entering the "14th Five-Year Plan" period, the group cumulatively launched over 120 new complete vehicle models, of which over 50 were new energy vehicles. New energy passenger car sales jumped from 10,000 units to 123,600 units. In 2025, the group's complete vehicle sales exceeded 520,000 units, and operating revenue surpassed 126.96 billion RMB, both setting new historical records. Standing at a new starting point, JMC established its "1236 Strategy," aiming to achieve annual complete vehicle sales of 1 million units, operating revenue of 200 billion RMB, a 30% overseas sales share, and a 60% new energy sales share by 2030.
JMC Group's core business is focused on the commercial vehicle sector, while it is also actively expanding into the passenger car and new energy vehicle tracks. Its core brand matrix covers multiple brand series, including JMC, Ford Commercial Vehicles, and Landwind, forming a pattern of "integration of commercial and passenger vehicles, dual-brand drive."
JMC Own Brand: This is the cornerstone of JMC Group. It covers light trucks (Kairui Series, Kaiyun Series, Shunda Series), pickups (New Master, Yu Hu, and the high-end pickup "Dadao"), light vans (Fushun, New Generation Transit, Teshun), as well as the Yusheng SUV and other classic product lines. These series are known for being energy-efficient, practical, and reliable, occupying a leading position in the Chinese light commercial vehicle market segment.
JMC Ford Commercial Vehicle Brand: This is one of the group's most core strategic cooperation sectors. The Ford brand product line includes the Transit series of light vans, the MPV Tourneo Custom, the Ford Landway jointly launched by Ford and JMC, the Ford Landx SUV, the Ford Ranger series, and the Ford Bronco, among other models. Among these, the Transit light van is a landmark masterpiece of the alliance and a key vehicle that helped upgrade China's commercial vehicle market. Since 2019, JMC and Ford have established a "More Ford, More China" new cooperation relationship, continuously deepening synergy in vehicle introduction and technology research.
Landwind Brand: Landwind was once one of the most popular domestic brands in the Chinese SUV market. In 2003, the first Landwind car was officially rolled off the assembly line, focusing on a hardcore off-road style and providing Chinese consumers with more diverse product choices.
New Energy Vehicle Brand: JMC has been accelerating its layout in the new energy field in recent years. In 2025, the group launched multiple pure electric vehicle models, with product lines covering the Kairui EV, Yu Hu EV, Teshun EV, and Ford Landui EV, among others. Additionally, the newly launched pure electric platform light truck, the E-Luda, won a grand slam victory at the "7th New Energy Logistics Vehicle Challenge," marking JMC's comprehensive strength in leading the industry in new energy commercial vehicle technology. The group has also registered a series of new trademarks, such as "Shengyao Ma," "Desheng Ma," and "Jing Ma," to further enrich its brand matrix.
2025 was a landmark year for the high-quality development of JMC Group. The group achieved complete vehicle sales of 520,000 units, a year-on-year increase of 10.5%, which was 1.1 percentage points higher than the industry average. Operating revenue exceeded 126.96 billion RMB, with all major operating indicators setting new historical records. Among them, exports reached nearly 170,000 units, accounting for about 33% of total sales, achieving the three-year export doubling target ahead of schedule. New energy vehicle sales increased by 20.2% year-on-year. From a product structure perspective, light vans contributed approximately 99,800 units, the SUV category accounted for about 134,600 units, truck products reached 83,200 units, and the pickup series contributed 59,700 units, with the traditional advantage in commercial vehicles continuing to be consolidated. Additionally, the share of passenger car sales rose from 15.7% at the end of the "12th Five-Year Plan" to 44.3%, successfully building a domestic and international dual-circulation development pattern.
Entering 2026, JMC sought steady progress while pursuing growth. In the first quarter of 2026, the group's complete vehicle sales maintained stable growth, and key indicators such as new energy vehicle sales and exports continued their positive momentum. The group's main operating targets for 2026 are complete vehicle sales of 575,000 units, car exports of 195,000 units, and operating revenue of 130 billion RMB. From a long-term perspective, the group has set a vision of achieving 1 million complete vehicle sales and 200 billion RMB in revenue by 2030, demonstrating the strong strength and great ambition of a leading domestic commercial vehicle enterprise.
JMC has always regarded technological innovation as the core engine of its enterprise development. During the "14th Five-Year Plan" period, the company cumulatively invested over 15 billion RMB in R&D expenses, with more than 2,000 R&D personnel, focusing on solving six industry "bottleneck" problems. It possesses a nationally recognized enterprise technology center and industrial design center.
In the new energy field, all product series are planned to include new energy variants, and new energy product lines covering light trucks, light vans, pickups, and other categories have been launched. The newly launched pure electric platform light truck, the E-Luda, won a grand slam victory at the "7th New Energy Logistics Vehicle Challenge," demonstrating JMC's core competitiveness in the pure electric commercial vehicle technology route. In the intelligent connectivity field, the company was the first in the Chinese commercial vehicle sector to equip the BeiDou Navigation system and has launched Level 4 autonomous driving products. At the same time, the group is vigorously promoting the "New Four Modernizations" of its parts business—Electrification, Intelligence, Connectivity, and Sharing—with the proportion rising from 1% at the end of the "13th Five-Year Plan" to 16%, achieving a dual leap in quality and quantity. JMC has relevant technological expertise in areas such as automatic guided vehicle anti-detachment technology, electric vehicle structural design, and exhaust gas treatment systems. Its recent patent portfolio is mainly concentrated in the fields of intelligent connected vehicles, new energy technology, and key automotive parts.
In terms of manufacturing, the group owns complete vehicle production bases such as the Xiaolan Plant and the Fushan Plant, covering stamping, welding, painting, assembly, and advanced manufacturing processes for diesel and petrol engines. JMC's automotive production bases have been built into smart manufacturing centers with highly intelligent and highly flexible production lines, and have been awarded the title of National Intelligent Manufacturing Demonstration Factory.
JMC Group has clarified its strategic direction for the "15th Five-Year Plan" period: anchoring on the strategic main axis of "Technology Jiangling, Specialized Jiangling," establishing the development path of "strengthening commercial vehicles, expanding passenger cars, persisting in balancing domestic and international markets, and firmly committing to new energy intelligent transformation." It has heavily launched the "1236" strategic goal—by 2030, to achieve annual complete vehicle sales of 1 million units, operating revenue of 200 billion RMB, a 30% overseas sales share, and a 60% new energy sales share.
On the internationalization front, JMC has successfully built six scale markets with annual exports exceeding 10,000 units and 16 scale markets with over 1,000 units overseas. In October 2025, the first batch of JMC Group new energy right-hand drive models, the EWIND, were officially shipped to overseas markets such as Singapore, Colombia, and Pakistan, marking that the group's right-hand drive vehicle system has officially matured and is now being exported to the global market. With the help of Ford's global market network and brand influence, combined with its own deep cultivation in Asian, African, and Latin American markets, JMC is continuously converting its production capacity and quality control strengths into brand and standard output. The full-year export target for 2026 is set at 195,000 units, steadily moving toward increased new energy penetration and further optimization of the export structure.
Looking to the future, JMC will take technological innovation as its core, supported by a more solid industrial chain layout and an open, integrated global vision. With an attitude of "action-oriented, fighting for first place," it will maintain strategic focus amid intense industry transformation and steadily move toward becoming a world-class automotive enterprise with global competitiveness through its own high-quality development.
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