Jiangling Motors

• Name — Jiangling Motors Corporation Limited • Predecessor — JMCG truck production division • Type — Public • Divisions — * JMC Yusheng • JMC New Energy • Hq Location City — Nanchang, Jiangxi • Hq Location Country — China • Key People — * Tiangao Qiu (chairman) • Chunying Xiong (president) • Num Employees — 12,339 (December 2022) • Owners — * Nanchang Jiangling Investment Co., Ltd. (41.03%) • Ford Motor Company (32%) • Industry — Automotive • Products — Automobiles • Production — 281,594 (2022) • Revenue — 30.10 billion (2022) • Operating Income — 0.90 billion (2022) • Net Income — 0.86 billion (2022) • Assets — 27.47 billion (2022) • Equity — 9.24 billion (2022) • Website — https: www.jmc.com.cn/ • Subsidiaries — * JMC Heavy Duty Vehicle (dormant) • Jiangling Ford Motor Technology (Shanghai) Company (51%)

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. As of 2021, 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. As of May 2023, 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.

• Wang Xigao (2010–2017) • Qiu Tiangao (2017–present)

• Sun Min (1993–2003) • Yuan-Ching Chen (2005–2019) • Wen Tao Wang (2019) • Wong Manto (2019–2021) • Xiong Chunying (2021–present)

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) • Illustration — JMC Teshun • Illustration — JMC Fushun • Illustration — JMC Baowei • Illustration — JMC Kairui • Illustration — JMC Kaiyun • Illustration — JMC Yunba • Illustration — JMC E-Lushun • Illustration — JMC E-Lushun V6 • Illustration — JMC E-Fushun

A brand for passenger vehicles. • Yusheng S330 CUV • Yusheng S350 SUV • Illustration — Yusheng S330 • Illustration — Yusheng S350

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 • Illustration — Lexing E-Road

. A brand for pickup trucks and SUVs. Launched in 2023. • Dadao Mohe • Dadao EV (electric pickup truck) • Illustration — Dadao Mohe

• 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) • Illustration — Ford Equator • Illustration — Ford Equator Sport • Illustration — Ford Everest • Illustration — Ford Territory • Illustration — Ford Bronco New Energy

• Illustration — The logo of Ford Beyond 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 Ranger • Ford Bronco • Ford Bronco New Energy • Ford Equator • Ford Equator Sport/Territory • Ford Raptor (imported)

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.

The following table includes a list of annual sales according to company's data. Sales of Jiangling Motors • Year — Total — JMC — Yusheng — JMC Heavy Duty — Ford • 2010 — 178,999 — 126,641 — - — - — 52,358 • 2011 — 194,588 — 135,993 — - — - — 58,595 • 2012 — 200,008 — 134,485 — 8,346 — - — 57,177 • 2013 — 230,006 — 148,061 — 14,160 — 392 — 67,785 • 2014 — 275,858 — 177,036 — 26,708 — 38 — 72,076 • 2015 — 262,756 — 165,512 — 19,651 — 33 — 77,560 • 2016 — 281,019 — 163,219 — 37,346 — 52 — 80,402 • 2017 — 310,028 — 211,672 — 29,151 — 636 — 68,569 • 2018 — 285,066 — 218,257 — 6,892 — 1,516 — 58,401 • 2019 — 290,058 — 189,317 — 1,551 — 1,080 — 98,110 • 2020 — 331,098 — undisclosed • 2021 — 341,008 — undisclosed • 2022 — 282,008 — undisclosed • 2023 — 310,008 — undisclosed • 2024 — 341,208 — undisclosed • 2025 — 377,253 — undisclosed 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.