Jiangling Holdings, also translated as Jiangling Motor Holding (JMH), is the name of two successive

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-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 risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

s focused on the

automotive industry The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, selling, Maintenance, repairing, and Custom car, modification of motor ve ...

. 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 Changan as an equally-owned venture.

History

Old JMH

The first Jiangling Motor Holding

was established in October 2004 (incorporated in November) as an equally-owned one by the

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

Changan Chang'an (; zh, t=長安, s=长安, p=Cháng'ān, first=t) is the traditional name of the city now named Xi'an and was the capital of several Chinese dynasties, ranging from 202 BCE to 907 CE. The site has been inhabited since Neolithic time ...

and JMCG. To create Jiangling Motor Holding, Changan 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, with a 41.03% stake as of March 2018. JMH also owned the

Landwind Landwind was an automobile marque owned by the Chinese automaker Jiangling Holdings, Jiangling Motor Holding (JMH), a joint venture between Jiangxi Guokong Automotive Investment Corporation (50%), JMCG, Jiangling Motors Corporation Group (25%) a ...

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, also known as JLR, and is a British multinational automobile manufacturer which produces luxury vehicles and SUVs and has its head office in Whitley, Coventry, Unite ...

, 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) via an detachable power cable to store electrical energy within its onboard recharg ...

s. The official signing ceremony for the new JMH was in August, but production of Aiways U5s at the JMH plant started in June, as soon as the deal was completed. In June 2021, Aiways sold its new JMH stake to Jiangxi Guokong Automotive Investment Corporation, a company controlled by

Nanchang Nanchang is the capital of Jiangxi, 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 by Poyang Lake. Because of its strate ...

's municipality, while keeping the production permits. In 2022, after being close to bankruptcy, the new JMH was reorganised as an assembler of the Changan Raeton CC/Plus.

Operations

JMH is headquartered in Nanchang, China. The company owns the Landwind marque and produced all its models from 2004 onwards. It has also produced vehicles for its former largest shareholder, Aiways. , it only produces vehicles on consignment for Changan. 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