JAC Motors

JAC Motors (Chinese: 江淮汽车; pinyin: Jiānghuái Qìchē; officially Anhui Jianghuai Automobile Co., Ltd.)[2] is a Chinese state-owned automobile and commercial vehicle manufacturer.[3] The company is based in Hefei, Anhui Province, China.

For other uses, see JAC.
Anhui Jianghuai Automobile Co., Ltd.
JAC Motors
TypePublic
SSE: 600418
IndustryAutomotive
Founded1964 (as Hefei Jianghuai Automobile)
Headquarters
Hefei, Anhui
,
China
Area served
Worldwide
Key people
An Jin (Chairman and President)[1]
ProductsPassenger cars
Trucks
Buses
Automotive components
OwnerVolkswagen Group (50%)
Government of Anhui (50%)
SubsidiariesJAC-Navistar Diesel (50%)
Sol (25%)
Chinese name
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
Website

The company produced about 445,000 units in 2012.[4]

History

Established in 1964 as Hefei Jianghuai Automobile Factory, its name was changed to Anhui Jianghuai Automobile Co., Ltd. in 1997.[5] The company made an IPO on the Shanghai Stock Exchange in 2001.[2]

JAC has historically only produced commercial trucks under the brand name Jianghu(undei), 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.[6] Prior to the 2007 acquisition of a passenger car license, JAC cooperated with Hyundai Motor Company in the early 2000s in an attempt to expand its product line. Beginning in 2003,[7] it assembled Hyundai MPVs although this stopped sometime prior to 2007.[8] At least two models based on Hyundai technology continued to be made by JAC after the cooperation was cancelled–a MPV[8] and a SUV.[9] Hyundai explored setting up a joint venture with the company in 2004,[7][10]

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.[11] 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.[12] 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.[12]

Sales reached more than 445,000 units in 2012.[13]

In 2013 it was one of the top ten most-productive vehicle manufacturers in China selling 458,500 units for 2.5% market share and reaching eighth place.[14] JAC dropped one spot to ninth in 2011 making nearly 500,000 vehicles, and in 2012 a fall in units produced to about 445,000 precipitated the company's moving down one more rung to tenth place.[15] Estimated production capacity is over 500,000 units/year as of 2009.[2]

In 2016 JAC entered into an agreement with DR Automobiles to export its vehicles to Italy. JAC models made in China will be re-approved according to European safety and anti-pollution regulations by DR and sold with the DR badge. The first cars imported into Italy will be the JAC Refine S3 renamed DR4 and the JAC iEV40 sold as DR Evo Electric.

In 2017 JAC Motors and Volkswagen Group announced a joint venture to produce electric cars for the Chinese market with the SEAT brand, in April 2018 the JAC-Volkswagen joint venture was officially born, which however operates through the new Sol brand, and no longer SEAT. The first product is the SOL E20X vehicle, an electric crossover resulting from a badge engineering of the JAC iEV40 (also called JAC Refine S2 EV) with a front redesigned by the SEAT style center in Spain.

In 2020, Volkswagen Group signs letters of intent between Volkswagen (China) Investment Co. Ltd. and the Government of Anhui Province, for the increase of the Volkswagen Group's stake in the Jac-Volkswagen joint venture, from the current 50% to 75%. A transition that also requires investment in Jag (JAC Group), the parent company of JAC Motors and owned by the Government. The agreement between the parties, subject to the usual regulatory approvals, provides for the investment of an amount equal to one billion euros and should be concluded by the end of the year. Volkswagen would also acquire 50% of JAG (the parent company of JAC).[16]

Products
Main article: List of JAC Motors models

JAC has a wide model line that spans from commercial trucks to small city cars, all directly copied from european or asian manufacturers. In 2009, a Pininfarina-designed city car, the JAC Tojoy, won numerous awards including the J.D. Power China Automotive Performance, Execution and Layout (APEAL) award.[17]

In the 2000s, its flagship model was the Refine (Ruifeng in Chinese).[18] The restyled 2004 Ruifeng Gold featured 60% Chinese-made part content.[19]

Passenger vehicles

There are multiple JAC passenger car sub-brands, each with their own design language. Originally, the Heyue sub-brand was the main brand, for sedans, hatchbacks, MPVs, and SUVs, while the Refine sub-brand was for large MPVs/minivans and vans. In 2016, along with the introduction of a new logo for the Refine brand, most Heyue vehicles were facelifted and moved to the brand. In 2019, a new sub-brand, Jiayue, was introduced. Multiple Refine vehicles have been facelifted and moved to this brand. The Heyue brand was discontinued in 2017 and the final models were replaced by electric variants. As of 2020, JAC started to rebadge the products under the Jiayue series as Sol vehicles. Resulted in the Sol A5, Sol X4, Sol X7, and Sol X8. The rebadge is in fact a move to move all sedans and crossovers under the Sol brand and making the Refine brand a MPV-focused brand.[20]

JAC/Heyue
Former
  • Binyue (2008–2012), mid-size sedan
  • Heyue (2011–2017), compact sedan and hatchback
  • Tongyue (2008–2017), subcompact sedan and hatchback
  • Yueyue (2010–2016), city car
  • Yueyue Cross (2012–2016), mini crossover
  • Heyue A20 (2013–2014), subcompact sedan
  • Heyue A30 (2012–2016), subcompact sedan
  • Heyue RS (2011–2012), compact MPV
  • Heyue S30 (2015–2016), subcompact SUV
  • Rein (2007–2013), compact SUV

Refine
Current
Former

Jiayue
Current
  • Jiayue A5 (2019–present), compact sedan
  • Jiayue X4 (2020–present), compact SUV
  • Jiayue X7 (2020–present), mid-size SUV
  • Jiayue X8 (2020–present), mid-size SUV
  • A JAC Rein
  • A JAC Binyue (J7)
  • Heyue sedan (JAC B15) pictured in Chile
  • Heyue A13 (2012 JAC 137 Sedan)
  • Refine R3
  • Refine M6
  • Refine M5
  • Refine M4
  • Refine M3
  • Refine M2 (Heyue RS)
  • Refine S7
  • Refine S5
  • Refine S4
  • Refine S3
  • Refine S2 (2015)

Electric vehicles
Current
  • iC5 (2020–present), based on the Jiayue A5
  • iEV6E (2016–present), based on the Refine S2 Mini
  • iEV7 (2014–2016 (iEV), 2016–present (iEV7)), based on the Heyue A20
  • iEV7S (2016–present), based on the Refine S2
  • iEVA50 (2018–present), based on the Heyue
  • iEVA60 (2019–present), based on the Refine A60
  • iEVS4 (2019–present), based on the Refine S4
Former
  • iEV4 (2011–2016 (Tongyue EV), 2016–2018 (iEV4)), based on the Tongyue

In August 2010, JAC had plans to make electric or hybrid-electric vehicles at a then unbuilt production facility.[12] China subsidizes oil (an incentive for the State to encourage use and manufacture of electric cars), and Chinese automakers see opportunities in less mature electric cars as Western companies have yet to develop much of a lead in the technology.[21]

The JAC J3 EV all-electric car was launched in China in 2010. It has a range of 130 km (81 mi). Between 2010 and 2011, a total of 1,585 of the first and second generation models were sold in the country. A third generation, called the JAC J3 iev, was launched in September 2012.[22] During 2012, the J3 EV was the second best selling pure electric car in China, after the Chery QQ3 EV.[23] In 2013, about 2,500 JAC iEV (J3 EV) were sold making it the highest selling pure electric vehicle in China of 2013.[24] Cumulative sales reached 10,161 units through June 2015.[22][23][24][25][26]

JAC of Mexico has announced that will launch five electric vehicles for Mexico. The announced products are the E-Sei 1 and the E-Sei 2, both of which will be launched in February 2020, the E-Sei 4, which will be launched in the second trimester of 2020, E-J4, and E-Frison T8, with the latter both of which their respective launch dates are unknown. All of them will be locally built in Sahagun City, Hidalgo.[27]

  • JAC J3 iEV
  • JAC iEV6E
  • JAC iEV6E Sport
  • JAC iEV7 (Previously iEV)
  • JAC iEV7S
  • JAC iEVA50
  • JAC iEVA60
  • JAC iEVS4

Light trucks, pickups, and vans
  • Sunray (2.5 and 2.8 litre) (星锐)
  • V7
  • Hunter (悍途)
  • Shuailing (帅铃)
  • Junling (骏铃)
    • Junling E series
    • Junling V series
    • Junling G series
  • Kangling/ HY(康铃)
    • K series
    • H series
    • X series
    • G series
  • JAC Sunray SWB
  • JAC V7
  • Shuailing H series
  • Shuailing T6 Pickup
  • Shuailing T8 Pickup
  • Junling V series
  • Kangling H series H3
  • A JAC Kangling X3
  • A JAC Kangling X5
  • A JAC HK6105G bus
  • A JAC Runner HFC truck

Logos
  • JAC Motors logo used in its line of trucks and buses.
  • JAC's principal Logo (previously used in Heyue and Refine series).
  • JAC Motors logo used in its line of passenger cars.

Operations

A 40,000 unit/year medium-to-heavy truck production base should become operation in 2012[28] and is probably located in Hefei.[note 1]

Research and development

An R&D facility in Hefei, capital of the Anhui province, is complemented by three overseas R&D centres in Turin, Tokyo and Seoul.[2]

JAC-Navistar Diesel Engine Company (JND)

JAC announced a pair of joint ventures with Navistar International Corporation , NC2 Global (itself a Navistar/Caterpillar joint venture).[29] The NC2 joint venture will manufacture heavy duty trucks. The Navistar joint venture, called JAC-Navistar Diesel Engine Company (JND), will build medium to heavy diesel engines in China with parts and services provisioned by Navistar.[3] The new companies will both be located in Hefei where JAC is also based.[3] Cummins purchased Navistar's equity in the engine joint venture in 2018.[30]

JAC-Volkswagen (Sol)
Main article: Sol (car marque)

Sol (Chinese: 思皓; Sihao[31]) is a car brand launched on April 24, 2018 by SEAT and JAC Volkswagen Automotive Co., Ltd. joint venture.[32]

Sales

A total of 203,498 JAC passenger cars were sold in China in 2013, making it the 22nd largest-selling car brand in the country in that year (and the 7th largest-selling Chinese brand).[33]

Sales outside China

JAC began the export of vehicles to Bolivia in 1990, later expanding to over one hundred countries.[34] Light trucks are a popular export product.[18]

Some JAC exports are in the form of knock-down kits, which are assembled at overseas factories in countries including Egypt, Ethiopia, Vietnam, Mexico and Iran.[35] As of 2010, a possible factory in Slovakia is under discussion.[36] Such factories are not necessarily owned by or affiliated with JAC. Knock-down exports are an easy way to gain access to developing markets without added after-sales service costs.

In 2009, JAC started a partnership with a distributor in Brazil, the SHC group. As of early 2011, it had more than 10,000 firm orders from its Brazilian partner.[37] JAC also had plans to build a production base in the country as of 2009.[38] This plan remained active until at least 2011, at which time the plant was to be located in Bahia state and built in cooperation with the SHC group, which was to provide 80% of the initial investment.[39]

In 2016, JAC entered the Philippine market through a local partner, selling heavy-duty trucks, and in 2018, passenger cars.[40][41]

In 2017, JAC announced a joint venture in Mexico with Giant Motors (company owned by tycoon Carlos Slim). A factory has been built at Ciudad Sahagún, in the State of Mexico. With a surface of 65,000 square meters, has two lines of production with a capacity of over 25,000 units per year. Since early June 2017, two models are sold in Mexican market: SEI2 and SEI3, both SUVs are made in Mexico in this facility, the compact sedan J4 was added to the line-up in 2018.[42][43]

Notes
  1. Production capacity figures may consider engines and vehicles as discrete.

References
  1. "Stock Quote: Anhui Jianghuai Automobile Co Ltd". Bloomberg. Retrieved 8 March 2014.
  2. "Introduction: JAC Motors – Coordinate Balance and Pursue Excellence". JAC Motors. Archived from the original on 2009-02-13. Retrieved 2011-03-20.
  3. U.S.-China Commercial Relations: Navistar Inc.-- JAC Truck and Engine Joint Ventures Archived 2011-02-03 at the Wayback Machine ustr.gov, January 2011
  4. "2012年前11月前十家汽车生产企业销量排名". China Association of Automobile Manufacturers (CAAM). 21 December 2012. Retrieved January 11, 2013.
  5. For year established, see Introduction: JAC Motors-- Coordinate Balance and Pursue Excellence Archived 2009-02-13 at the Wayback Machine JAC Official Site
  6. For historical production of trucks and 2000s introduction of MPVs and SUVs, see History Archived 2011-07-07 at the Wayback Machine JAC Official Site
  7. "Hyundai Motor sets up China truck JV". MarketWatch. Sep 8, 2004. Retrieved July 14, 2012.
  8. Ash (December 19, 2007). "Uhh oh! Two Korean Hyundai employees arrested for leaking info to JAC JAC MOTORS". chinacartimes.com. Retrieved July 14, 2012.
  9. "JAC Eagle SUV gains Audi style grill for 2011 JAC MOTORS". chinacartimes.com. January 27, 2011. Retrieved July 14, 2012.
  10. "Hyundai to set up US$1.2b China truck venture". China Daily. 2005-06-21. Retrieved July 14, 2012.
  11. Big China carmakers, on government cue, woo small rivals (page 2/2) reuters.com, Mon Mar 9, 2009 9:03am EDT
  12. A Chinese Truck Maker's Electric Dreams blogs.wsj.com/chinarealtime, August 10, 2010, 4:51 PM HKT
  13. "JAC (Jianghuai) Teams up with Brazilian Dealer SHC". ChinaAutoWeb.com.
  14. China Car Market 101: Who Makes All Those 18 Million Cars? thetruthaboutcars.com, January 19, 2011
  15. For 2011 production figures, see 2011年1–11月前十家汽车生产企业销量排名. China Association of Automobile Manufacturers (CAAM). 2011-12-16. Archived from the original on January 5, 2012. Retrieved January 7, 2012.
  16. "Volkswagen intensifies e-mobility activities in China". 29 May 2020. Retrieved 19 November 2020.
  17. For Pininfarina design, see Automaker ratchets up quality and sales Archived 2011-07-07 at the Wayback Machine Anhui province official site, 11/17/2008
  18. Chery on top (Chinadaily) Archived 2011-07-07 at the Wayback Machine Anhui province Official Site
  19. World of Cars 2006·2007. Warsaw, Poland: Media Connection Sp. z o.o. 2006. p. 235.
  20. "2020广州车展：思皓X4正式亮相展台".
  21. For oil subsidy, see Wei Gu (2008-06-04). "China's Fuel Subsidy Costs the World". Reuters. Retrieved 2011-03-10.
    • For Chinese carmakers seeing EV opportunities, see Dyer, Stephen W. (2011-01-03). "Big bet on Better Battery-run Cars". China Daily, US Edition. China Daily Information Co. (CDIC).
  22. China Auto Web (2012-09-30). "JAC Delivers 500 J3 EVs ("ievs")". China Auto Web. Retrieved 2013-04-19. A total of 1,583 of the first and second generation models were sold during 2010 and 2011..
  23. China Auto Web (2013-03-25). "Chinese EV Sales Ranking for 2012". China Auto Web. Retrieved 2013-04-19. 2,485 JAC J3 EVs were sold in 2012.
  24. Staff (2014-01-10). "Plug-in EV Sales in China Rose 37.9% to 17,600 in 2013". China Auto Web. Retrieved 2015-08-02. About 2,500 J3 iEVS were sold in 2013.
  25. Staff (2015-01-14). "2014 EV Sales Ranking". China Auto Web. Retrieved 2015-01-15. About 1,000 units were sold in 2014.
  26. Staff (2015-07-17). "Chinese EV Sales Ranking in the First Half of 2015". China Auto Web. Retrieved 2015-08-02. A total of 3,208 QQ3 EVs were sold during the first half of 2015.
  27. https://www.motorpasion.com.mx/industria/jac-lanza-autos-electricos-mexico-precios-equipamiento
  28. China Jianghuai gets OK for $133 mln truck project reuters.com, Thu Nov 29, 2007 12:52am EST
  29. "JAC Partners with NC2, Navistar". ChinaAutoWeb.com.
  30. http://investor.cummins.com/mobile.view?c=112916&v=203&d=1&id=2348799
  31. "Beijing, April 24, 2018. new brand, SIHAO".
  32. "SEAT, Volkswagen Group's lead brand in China".
  33. "2013 Passenger Vehicle Sales by Brand". China Auto Web. 15 January 2014. Retrieved 8 March 2014.
  34. "Worldwide: Where there is a road, there is a JAC". JAC Motors.
  35. For knock-down factory in Egypt, see The first JAC CKD SRV rolls off in Egypt Archived 2011-07-07 at the Wayback Machine JAC Official Site
  36. China's JAC eyes car assembly plant in Slovakia reuters.com, Tue May 4, 2010, 7:46am EDT
  37. 46 JAC Brazil Outlets Opened at the Same Time, JAC Plans to Export More than 300,000 Units in 2015 Archived 2011-10-04 at the Wayback Machine JAC Official Site, 2011-3-23
  38. China's JAC Motors to build vehicle plant in Brazil gasgoo.com, July 03, 2009
  39. "China's JAC Motors to build plant in Brazil". Reuters. Oct 7, 2011. Retrieved July 14, 2012.
  40. http://jacmotors.ph/corporate-profile/
  41. https://www.topgear.com.ph/news/industry-news/jac-dealership-alabang-a00187-20180321
  42. La automotriz china JAC llega a México de la mano de Carlos Slim altonivel.com.mx, June 01, 2017
  43. JAC invierte 4 mil 400 mdp en planta automotriz en Hidalgo milenio.com, January 02, 2017
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.