{{Short description|Chinese automotive company}} {{Infobox company | name = Jiangling Motor Holding Co., Ltd. | native_name = | former_names = | logo = Jiangling Motor Holding logo.png | logo_size = |module = {{Infobox Chinese|child=yes|s=江西江铃控股有限公司 |t=江西江鈴控股有限公司|p=Jiāngxī Jiānglíng Kònggǔ Yǒuxiàn Gōngsī |order=st}} | trading_name = | caption = | type = [[Joint venture]] | traded_as = | fate = | predecessor = | successor = | foundation = June 2019 (present JMH) | founder = | defunct = <!-- {{End date|YYYY|MM|DD}} --> | location_city = [[Nanchang]], [[Jiangxi]] | location_country = China | location = | locations = | area_served = Worldwide | key_people = | industry = [[Automotive]] | products = | production = | revenue = | assets = | services = | owners = {{ubl |Jiangxi Guokong Automotive Investment Corporation (50%) |[[Chang'an Automobile Group|Changan]] (25%) |[[JMCG]] (25%)}} | num_employees = | parent = | divisions = [[Landwind]] | subsid = | homepage = | footnotes = | intl = }}
'''Jiangling Holdings''', also translated as '''Jiangling Motor Holding''' ('''JMH'''), is the name of two successive [[Jiangxi]]-based Chinese [[joint venture]]s focused on the [[automotive industry]]. 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 [[Chang'an Automobile Group|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 [[joint venture]] was established in October 2004 (incorporated in November) as an equally-owned one by the [[state-owned enterprise]]s [[Chang'an Automobile Group|Changan]] 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,<ref name=A>{{cite web|title=江铃控股详细资料 |url=http://auto.ifeng.com/company/data/detail/213.shtml |trans-title=Jiangling Holding details |language=zh |website=auto.ifeng.com |access-date=1 February 2019}}</ref> with a 41.03% stake as of March 2018.<ref name=AR>{{cite news |url=https://q.stock.sohu.com/newpdf/201830483868.pdf |title=Jiangling Motors Corporation, Ltd. 2017 Annual Report |publisher=JMC |pages=27, 29 |access-date=1 February 2019 |via=Sohu |archive-date=12 April 2019 |archive-url=https://web.archive.org/web/20190412165832/https://q.stock.sohu.com/newpdf/201830483868.pdf |url-status=dead }}</ref> JMH also owned the [[Landwind]] marque.<ref name=A/><ref>{{cite news |url=http://www.jmcg-global.com/vehiclebrand/364.jhtml |title=Landwind |publisher=JMCG |access-date=1 February 2019 |archive-date=17 December 2019 |archive-url=https://web.archive.org/web/20191217180058/http://www.jmcg-global.com/vehiclebrand/364.jhtml |url-status=dead }}</ref>
Between 2005 and 2019, JMH's Landwind was the subject of complaints and legal demands by [[Jaguar Land Rover]], with the latter alleging various illegal copies of its properties.<ref name=case1>{{cite web |title=14年鏖战三回合,路虎与陆风到底谁赢了? |url=http://www.autoweekly.com.cn/cj/2019/0419/1917405.html |trans-title=In the three rounds of 14 years of fighting who wins, Land Rover or Landwind? |language=zh |website=autoweekly.com.cn |date=19 April 2019 |access-date=21 April 2019 |archive-date=21 April 2019 |archive-url=https://web.archive.org/web/20190421221806/http://www.autoweekly.com.cn/cj/2019/0419/1917405.html |url-status=dead }}</ref><ref name=case2>{{cite web|title=路虎VS陆风 第一次有人从这个角度讲明白这件事 |url=https://m.sohu.com/a/306978681_143021/?pvid=000115_3w_a |trans-title=Land Rover VS Landwind. The case from a different perspective |language=zh |website=sohu.com.cn |date=10 April 2019 |access-date=21 April 2019}}</ref>
===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)<ref name=twoco1>{{cite web |title=江铃汽车控股股东拟变更为江铃投资 |url=https://m.jrj.com.cn/madapter/stock/2019/04/03180227315422.shtml |trans-title=Jiangling Motors' controlling shareholder is planned to be changed to Jiangling Investment |last=Hu |first=Xinyu |language=zh |website=jrj.com.cn |date=3 April 2019 |access-date=3 April 2019 |archive-date=3 April 2019 |archive-url=https://web.archive.org/web/20190403231327/https://m.jrj.com.cn/madapter/stock/2019/04/03180227315422.shtml |url-status=dead }}</ref><ref name=twoco2/> and it would issue 100% more shares to be sold to investors, leaving JMCG and Changan with a 25% stake each.<ref name=twoco2>{{cite web|title=长安汽车拟为江铃控股引入战略投资者 |url=https://finance.sina.cn/2019-04-03/detail-ihvhiewr2947771.d.html?from=wap |trans-title=Changan Automobile intends to introduce strategic investors for Jiangling Holding |language=zh |last1=Liu |first1=Yang |last2=Zhen |first2=Zhenyu |website=finance.sina.cn |date=3 April 2019 |access-date=3 April 2019}}</ref> Jiangling Investment was formally established in May 2019, completing the split of the former JMH.<ref>{{cite web|title=江铃汽车和长安汽车共同成立投资公司 注册资本10亿元 |url=https://m.nbd.com.cn/articles/2019-05-30/1337960.html |trans-title=Jiangling Group and Changan Automobile jointly established an investment company with a registered capital of 1 billion yuan |language=zh |last=Jian |first=Jianru |editor-last=Zhang |editor-first=Bei |website=nbd.com.cn |date=30 May 2019 |access-date=7 June 2019}}</ref> 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]]s.<ref name=PROD>{{cite web|title=爱驰汽车购入江铃控股50%股权 首款量产车已开始生产 |url=https://finance.sina.cn/chanjing/gsxw/2019-06-05/detail-ihvhiqay3756868.d.html?from=wap |trans-title=Aiways acquired a 50% equity in Jiangling Holdings. The first production car has started production |language=zh |last=Li |first=Xing |website=finance.sina.cn |date=5 June 2019 |access-date=7 June 2019}}</ref><ref>{{cite news|url=https://www.chinaautoreview.com/index.php/aiways-acquires-50-percent-stake-in-jiangling-holding-for-nearly-%EF%BF%A51-75-billion/ |title=AIWAYS Acquires 50 Percent Stake In Jiangling Holding For Nearly ¥1.75 Billion |work=China Automotive Review |last=Xing |first=Lei |date=6 June 2019 |access-date=7 June 2019}}</ref> The official signing ceremony for the new JMH was in August,<ref>{{cite news|url=http://autonews.gasgoo.com/china_news/70016419.html |title=Roundup of joint-venture, new investment projects for Q3's Chinese auto industry |work=Automotive News Gasgoo |date=10 October 2019 |access-date=4 May 2020}}</ref> but production of [[Aiways U5]]s at the JMH plant started in June, as soon as the deal was completed.<ref name=PROD/> In June 2021, Aiways sold its new JMH stake to Jiangxi Guokong Automotive Investment Corporation, a company controlled by [[Nanchang]]'s municipality, while keeping the production permits.<ref>{{cite web|title=爱驰"割肉"退出江铃控股,陆风汽车重组失败原因何在?|url=https://m.sohu.com/a/475110614_392905/?pvid=000115_3w_a |trans-title=Aiways "cuts fat" and withdrews from Jiangling Holdings, what is the reason for the failure of Landwind's restructuring?|language=zh |website=sohu.com |date=2 July 2021 |access-date=10 July 2021}}</ref>
In 2022, after being close to bankruptcy, the new JMH was reorganised as an assembler of the [[Changan Raeton Plus|Changan Raeton CC/Plus]].<ref name=BANKR>{{cite web|title=从陆风到爱驰,江铃控股的18载浮沉录 |url=https://www.sohu.com/a/610121710_129829 |trans-title=From Landwind to Aiways, the 18-year ups and downs of Jiangling Holdings |language=zh |website=sohu.com |date=25 November 2022 |access-date=17 May 2023}}</ref>
==Operations== JMH is headquartered in Nanchang, China.<ref>{{cite news|url=https://www.bloomberg.com/profile/company/0237660D:CH |title=Jiangling Motor Holding Co Ltd |publisher=Bloomberg |access-date=4 May 2020}}</ref> The company owns the Landwind marque and produced all its models from 2004 onwards.<ref name=twoco1/> It has also produced vehicles for its former largest shareholder, Aiways.<ref name=PROD/> {{As of|2022}}, it only produces vehicles on consignment for Changan.<ref name=BANKR/>
Its Nanchang plant has the capacity to assemble up to 150,000 vehicles per year.<ref>{{cite news|url=https://www.autonews.com/china/aiways-buys-majority-stake-jiangling-holdings |title=Aiways buys majority stake in Jiangling Holdings |work=Automotive News China |date=19 August 2019 |access-date=10 July 2021}}</ref>
==References== {{Reflist}}
{{Automotive industry in China}}
[[Category:Car manufacturers of China]] [[Category:Vehicle manufacturing companies established in 2004]] [[Category:Vehicle manufacturing companies established in 2019]] [[Category:Jiangling Motors Corporation Group]] [[Category:Changan Automobile]]