Anhui Jianghuai Automobile
| JAC Motors | |
| Public company | |
| Traded as | : |
| Industry | Automotive |
| Founded | 1964 (as Hefei Jianghuai Automobile) |
| Headquarters | Hefei, Anhui, China |
|
Key people
|
An Jin (Chairman and President) |
| Products | Passenger cars Trucks Buses Automotive components |
| Website |
jacen.jac.com.cn (English) jac.com.cn (Chinese) |
| JAC Motors | |||||||
| Simplified Chinese | 安徽江淮汽车股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 安徽江淮汽車股份有限公司 | ||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Ānhuī jiānghuái qìchē gǔfèn yǒuxiàn gōngsī |
JAC Motors (Chinese: 江淮汽车; pinyin: Jiānghuái Qìchē; officially Anhui Jianghuai Automobile Co., Ltd.) is a Chinese state-owned automobile and commercial vehicle manufacturer. The company is based in Hefei, Anhui Province, China.
The company produced about 445,000 units in 2012.
Established in 1964 as Hefei Jianghuai Automobile Factory, its name was changed to Anhui Jianghuai Automobile Co., Ltd. in 1997. The company made an IPO on the in 2001.
JAC has historically only produced commercial trucks (under the brand name Jianghui), but MPVs and SUVs appeared in the 2000s. By 2007, the company had gained government approval for passenger car production but, nonetheless, continued to be referred to as a truck maker. Prior to the 2007 acquisition of a passenger car license, JAC cooperated with Hyundai Motors in the early 2000s in an attempt to expand its product line. Beginning in 2003, it assembled Hyundai MPVs although this stopped sometime prior to 2007. At least two models based on Hyundai technology continued to be made by JAC after the cooperation was cancelled–a MPV and a SUV. Hyundai explored setting up a joint venture with the company in 2004,
In 2009, the Chinese government indicated that it supported consolidation in the Chinese auto industry, leading analysts to predict the possibility of JAC joining with Chery since they are both located in Anhui province. On the surface such a merger would make sense: Chery mainly built passenger cars, and JAC was almost entirely focused on trucks at the time. Since then, however, JAC has made it clear that it is not interested in consolidation under the aegis of the larger Chery. JAC has begun to concentrate more on passenger cars, and a 2010 announcement of a new electric vehicle program may—at least partially—have been an effort to stave off the rumored merger.
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Wikipedia