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 enterprises Changan and Jiangling Motors Corporation Group (JMCG).
History The history of Jiangling Motors Corporation (JMC) can be traced to a truck repair shop opened in Nanchang in 1947 which operated under the name Nanchang Motors Repair Factory. A JMC predecessor started assembling vehicles in 1968. The company was granted the approval of Jiangxi Province Economic Restructuring Commission to be reorganized to establish a joint stock limited company on February 20, 1993. JMC A shares and B shares were listed on Shenzhen Stock Exchange on December 1, 1993, and September 29, 1995, respectively.
In the 1990s, Ford lost a bid against American rival General Motors for getting a joint venture deal with the Chinese manufacturer SAIC Motor. In 1995, as part of its push for getting new Chinese partners, Ford acquired B shares equivalent to a 20% equity in JMC, becoming the second-largest shareholder. In 1996, JMC began selling its products in overseas markets, initially Egypt and the Middle East. , the largest overseas market by volume for JMC is Chile. In 1997, JMC and Ford started the production of their first joint product, the Ford Transit, with JMC supplying various key components (as engines and axles) and Ford the design. In 1998, after JMC issued additional B shares, Ford upped its stake to 30%. In 2013, Ford purchased more B shares, increasing its stake to over 30%.
In late 2010, Jiangling released the first passenger vehicle of JMC under the newly launched JMC Yusheng sub-brand, the Yusheng S350 SUV.
In 2013, JMC reorganized the heavy truck manufacturer Changan Taiyuan as a wholly owned subsidiary named JMC Heavy Duty Vehicle. In mid-2021, JMC Heavy Duty Vehicle was sold to Volvo Trucks. Volvo Trucks later terminated the acquisition agreement, leaving JMC Heavy Duty Vehicle as a JMC subsidiary. , JMC Heavy Duty Vehicle production and sales are suspended.
In December 2021, JMC and Ford established a Shanghai-based joint venture focused on the production of passenger cars. The venture is called Jiangling Ford Motor Technology (Shanghai) Company (Jiangling Ford). JMC owns a 51% and Ford a 49% of its stake.
Corporate Leadership Chairmen Wang Xigao (2010–2017) Qiu Tiangao (2017–present)
Chief Executive Officers/CEOs Sun Min (1993–2003) Yuan-Ching Chen (2005–2019) Wen Tao Wang (2019) Wong Manto (2019–2021) Xiong Chunying (2021–present)
Products JMC (Jiangling) A brand mainly for commercial vehicles
JMC Teshun – Van JMC Fushun – Van Jiangling CV9 minivan JMC BaoWei (SUV) JMC pickup JMC Boarding (JMC Baodian) pickup JMC Yuhu pickup JMC Yuhu 3 pickup JMC Yuhu 5 pickup JMC Yuhu 7 pickup JMC Yuhu 9 pickup JMC Yuhu EV pickup JMC Qingka (Jiangling Light Truck) (small truck) – light trucks series （Up to 6 tons） JMC Conquer (Kairui and Kairui 800) JMC Carrying (Kaiyun) JMC Shunda JMC Shunda EV JMC medium-duty truck series （Up to 14 tons） JMC Convey (Kaiwei) JMC Yunba (commercial van) JMC E-Lushun (electric van for logistics) JMC E-Lushun V6 (BEV van) JMC E-Fushun (electric van)
Yusheng
A brand for passenger vehicles.
Yusheng S330 CUV Yusheng S350 SUV
Lexing In June 2023, JMC unveiled Lexing (), its first sub-brand aimed to only be used on new energy vehicles, and presented its first model, an electric light truck.
Lexing E-Road
Dadao . A brand for pickup trucks and SUVs. Launched in 2023.
Dadao Mohe Dadao EV (electric pickup truck)
Ford
JMC Transit (minibus, developed by Ford and JMC jointly) JMC E-series SVO – based on Ford E-series vans: E350 Communication/Command Vehicle E250 Luxury Business Vehicle E350 Investigation Vehicle E350 Anti-riot Assault Vehicle Ford Equator Ford Equator Sport Ford Everest (Discontinued) Ford Bronco New Energy Ford Territory (Export)
Former joint venture
In January 2022, Ford and JMC announced the establishment of Jiangling Ford (江铃福特) Automobile Technology (Shanghai) Co., Ltd, a 49:51 joint venture to distribute Ford brand's passenger vehicle in China under Ford Beyond (福特纵横) brand. Since Ford Motor Company holds a 32% stake in JMC, the controlling shareholder of the joint venture, after equity piercing, Ford actually holds 65.32% of the company's shares, making it a substantially foreign-controlled enterprise.
The Ford Beyond is merely a distribution channel brand, its product are sourced from JMC or directly imported.
On April 16, 2026, Jiangling Motors officially confirmed that Jiangling Ford Automobile Technology has completely ceased operations and has begun liquidation and deregistration, becoming the shortest-lived foreign-invested joint venture in the history of China's automotive industry.
Ford Beyond product
Ford Ranger Ford Bronco Ford Bronco New Energy Ford Equator Ford Equator Sport/Territory Ford Raptor (imported)
Production JMC produces vehicles under the JMC, JMC Yusheng, Ford and other brands and sub-brands. It has assembly plants around Nanchang (at Qingyunpu and the Xiaolan Economic Zone). JMC also has a new energy vehicle plant (the Fushan plant) in the Xiaolan Economic Zone.
Sales The following table includes a list of annual sales according to company's data.
+Sales of Jiangling Motors YearTotalJMCYushengJMC Heavy DutyFord2010178,999126,641 - -52,3582011194,588135,993 - -58,5952012200,008134,4858,346 -57,1772013230,006148,06114,16039267,7852014275,858177,03626,7083872,0762015262,756165,51219,6513377,5602016281,019163,21937,3465280,4022017310,028211,67229,15163668,5692018285,066218,2576,8921,51658,4012019290,058189,3171,5511,08098,1102020331,098undisclosed2021341,008undisclosed2022282,008undisclosed2023310,008undisclosed2024341,208undisclosed2025377,253undisclosed
Although Jiangling Motor is a public-listed company in which Ford Motor Company only holds a minority stake, the former's sales volume is consolidated into the latter's.
See also List of Chinese auto companies
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