Jincheng Group
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The Jincheng Group ( zh, 金城集团) was established in 1949 and affiliated with China Aviation Industry Corporation I (AVIC I), Jincheng Corporation is a large
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 ...
group engaged in five industries, i.e., electromechanic and
hydraulic Hydraulics () is a technology and applied science using engineering, chemistry, and other sciences involving the mechanical properties and use of liquids. At a very basic level, hydraulics is the liquid counterpart of pneumatics, which concer ...
industry, light power industry,
vehicle A vehicle () is a machine designed for self-propulsion, usually to transport people, cargo, or both. The term "vehicle" typically refers to land vehicles such as human-powered land vehicle, human-powered vehicles (e.g. bicycles, tricycles, velo ...
industry,
international trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significan ...
industry and production &
service industry The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the s ...
. Jincheng Corporation is a hi-tech enterprise, a model enterprise of CIMS Project of the
863 Program The 863 program () or State High-Tech Development Plan () was a program funded and administered by the government of the People's Republic of China intended to stimulate the development of advanced technologies in a wide range of fields for th ...
and a national "contract-abiding by and credit-emphasizing:enterprise. The brand "Jincheng", with the value of RMB 3.109 billion Yuan, is "Chinese Famous Trademark". The company is headquartered in Nanjing, Jiangsu Province, China. Jincheng is among the top 500 Chinese large enterprise companies with net assets of
US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...
200 million and fixed assets of US$450 million. Motorcycles are a large part of their business, exporting 80 models to almost 40 countries and are ranked top in the Chinese Motorcycle sector. In 2006 Devon Motorcycles, who distribute Jincheng motorcycles in the United States, teamed up with them to make
Aprilia Aprilia is an Italian motorcycle and Scooter (motorcycle), scooter manufacturer in Noale, Italy, founded by Alberto Beggio. History Early days Aprilia, named after the Pre-war automobile, pre-war Lancia Aprilia, was founded after the Seco ...
motorcycles and engines. It is one of the top three leading motorcycle manufacturers in China. in the past the company had a joint venture with
Suzuki is a Japanese multinational mobility manufacturer headquartered in Hamamatsu, Shizuoka Prefecture, Shizuoka. It manufactures automobiles, motorcycles, all-terrain vehicles (ATVs), outboard motor, outboard marine engines, wheelchairs and a va ...
, Nanjing Jincheng Suzuki Motorcycle Co., Ltd, and with Aprilia. In 2006, it exported more than half a million motorcycles to 50 countries around the world. It has subsidiaries in Argentina, Columbia, and Nigeria. Jincheng Group Imp & Exp Co. Ltd. offers international trading and international cooperation services. It imports and exports motorcycles, machinery, special-purpose vehicles, vehicle accessories, equipment, and other products. The brand name includes manufacture and distribution of at least 77 vehicles, 59 models, types and all kinds of two and three-wheeled motorized vehicles: cargo trikes, cub bikes, motomotorcycles, scooters, underbone motorcycles, moto three-wheelers tricycle trucks, mopeds, 50cc scooters, and 50cc underbone motorcycles, etc. Notwithstanding the use of the trade name, "Jincheng", the vehicles are manufactured by *Jincheng Group Co., Ltd. (a company in Nanjing, Jiangsu Province, China); and *Guangzhou Jincheng Motorcycle Co., Ltd. (a company in Conghua District, Guangzhou, Guangdong Province, China).


History

The foundation of Jincheng Group dates back to 1949 when the company entered into an agreement with the Chinese government to establish a Chinese
Air Force An air force in the broadest sense is the national military branch that primarily conducts aerial warfare. More specifically, it is the branch of a nation's armed services that is responsible for aerial warfare as distinct from an army aviati ...
maintenance facility located in
Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...
. In 1958, the production of components for aircraft equipment also began in the aeronautical maintenance sector. In the eighties Jincheng started development projects for the motorcycle sector looking for a foreign partner for production. In 1985 an agreement was signed with the Japanese
Suzuki is a Japanese multinational mobility manufacturer headquartered in Hamamatsu, Shizuoka Prefecture, Shizuoka. It manufactures automobiles, motorcycles, all-terrain vehicles (ATVs), outboard motor, outboard marine engines, wheelchairs and a va ...
for the supply of technology and patents for motorcycles. The first model assembled by the Chinese manufacturer is the Suzuki AX 100. From this moment the company will quickly start developing a series of motorcycles that will be highly appreciated on the local market. In 1993 it began to export to Pakistan and in 1994 the Nanjing Jincheng Suzuki Motorcycle joint venture was born, based in Nanjing, which allowed the Suzuki brand to officially enter the Chinese market. Also in 1993, the Sino-foreign joint venture Yiyang Jincheng Motorcycle was established, a partnership between Jincheng and the Hong Kong-based company Qibang Asia Co., Ltd., with the aim of producing and selling "Jinli" brand motorcycles. In 1995 Jincheng Group obtained the ISO9001 quality certificate. Subsequently, the company continued its expansion plan especially in the Asian and South American markets; in 1997 the first assembly plant was founded in Colombia and subsequently landed in Argentina. In 1998
Honda commonly known as just Honda, is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan. Founded in October 1946 by Soichiro Honda, Honda has bee ...
bought the production rights of the minibike Honda Monkey which is re-proposed on the market with extensive modifications renamed Jincheng JC50-Q7 and also imported into Europe. In Italy it will be distributed by the Motor Union and sold as Doggy. He later launches a copy of the Honda Dax. In 1999 he began developing a new range of scooters designed for the European market and signed an agreement with
Yamaha Motor is a Japanese mobility manufacturer that produces motorcycles, motorboats, outboard motors, and other motorized products. The company was established in the year 1955 upon separation from Nippon Gakki Co., Ltd. (currently Yamaha Corporation) a ...
to produce engines under license in the 125-250 cc range. In 2000, he signed an agreement with the Italian company
Italjet Italjet Moto SpA (Italjet) is an Italian manufacturer of motorcycles, headquartered in Castel Guelfo di Bologna, Bologna, Italy. While the ideas and commercial agreements were made in 1959, the company was officially founded as ''Italemmezeta'' ...
to sell its Jincheng Eupolo maxiscooter in Europe under the Italian brand. This model will be imported from 2001 and renamed Italjet Jupiter in 125, 150 and 250 displacements. In 2002 it obtained the ISO14001 international quality certificate. At the end of 2003, a strategic agreement was signed with
Aprilia Aprilia is an Italian motorcycle and Scooter (motorcycle), scooter manufacturer in Noale, Italy, founded by Alberto Beggio. History Early days Aprilia, named after the Pre-war automobile, pre-war Lancia Aprilia, was founded after the Seco ...
to produce scooters and engines under license in China with the Jincheng brand. In 2006, production of the Scarabeo "Light" models began in China under license and, together with the Aprilia research and development center in Noale, a new 125 and 200 cc four-stroke engine was industrialized which was also mounted on the Scarabeo produced in Italy. In the mid-2000s the joint venture with Suzuki ended as the Japanese company created a new joint venture with the Chinese company Haojue. The agreement with Aprilia ends when the
Piaggio Piaggio Group () is an Italian motor vehicle manufacturer, which produces a range of two-wheeled motor vehicles and compact commercial vehicles under five brands: Piaggio, Vespa, Aprilia, Moto Guzzi and Derbi. Its corporate headquarters are ...
group strengthens its presence in China by signing an agreement with the competitor Zongshen to produce Aprilia motorcycles. As a result, the Jincheng group acquired the production rights for the old Scarabeo and the related 125/200 engines to sell them under its own brand. This is how Jincheng Tiramisù was launched in 2016, the old Scarabeo "Light" with a revised aesthetic design. Also in 2018 Jincheng enters into a partnership with Adiva to produce motorcycles for the Italian brand to be sold in China. In December 2020, the production of the Adiva AJ/Fortune model started, a high-wheeled scooter derived from the Jincheng Tiramisu which is sold only in Asia. Jincheng recently presented new models of both road and adventure motorcycles with displacements from 125 up to 400 cc. It is also a partner of numerous European breakers. It produces components and engines for Italjet used in the new Dragster model, supplies its Jincheng Grasshopper 125/200 scooter to the Austrian KSR Group which resells it in Europe and Asia under the
Malaguti Malaguti was an Italian bicycle, scooter (motorcycle), scooter and motorcycle company based in San Lazzaro di Savena, founded by Antonino Malaguti in 1930. Producing bicycles until 1958, they then entered the motorcycle market. Noted for thei ...
brand rebadged Malaguti Mission. Also supplies its Tiramisù 125 scooter to Spanish MH Motorcycle (ex Motorhispania) which sell as a MH Fasty 125.


See also

* Jincheng Suzuki


References


External links


AVIC Jincheng Group Co. Ltd.
Company home page {{Motorcycle manufacturers of the People's Republic of China Motorcycle manufacturers of China Vehicle manufacturing companies established in 1949 Chinese companies established in 1949 Chinese brands