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

Jiangxi Jiangxi (; ; formerly romanized as Kiangsi or Chianghsi) is a landlocked province in the east of the People's Republic of China. Its major cities include Nanchang and Jiujiang. Spanning from the banks of the Yangtze river in the north into h ...

-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 companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % su ...

. 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 Jiangling Motors Corporation Group Co., Ltd. (JMCG) is a Chinese state-owned holding mostly operating in the automotive industry. It was established in 1947 and is headquartered in Nanchang, Jiangxi. JMCG has various production facilities and, t ...

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 enterprises

Changan Chang'an (; ) is the traditional name of Xi'an. The site had been settled since Neolithic times, during which the Yangshao culture was established in Banpo, in the city's suburbs. Furthermore, in the northern vicinity of modern Xi'an, Qin Sh ...

and

. To create Jiangling Motor Holding, Changan invested money and in exchange JMCG transferred its

Jiangling Motors 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 enterpr ...

(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 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 Limited (also known as JLR), and is a British multinational automobile manufacturer which produces luxury vehicles and sport utility vehicles. Jaguar Land Rover is ...

, 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) to store electrical power within its onboard rechargeable battery packs, which then ...

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 JMH stake to Jiangxi Guokong Automotive Investment Corporation, a company controlled by

Nanchang Nanchang (, ; ) is the capital of Jiangxi Province, People's Republic of 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 ...

's municipality, while keeping the production permits.

Operations

JMH is headquartered in Nanchang, China. The company owns the Landwind marque and produces all its models. It has also produced vehicles for its former largest shareholder, Aiways. 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