 | |||||||
| Company type | Subsidiary | ||||||
|---|---|---|---|---|---|---|---|
| Industry | Automotive | ||||||
| Predecessor | Taiyuan Changan Heavy Truck Company | ||||||
| Founded | 8 January 2013 | ||||||
| Headquarters | , China | ||||||
Area served | China | ||||||
Key people | Wu Xiaojun (general manager)[1] | ||||||
| Products | Trucks | ||||||
| CN¥−303.330 million[2] (2017) | |||||||
| CN¥−219.831 million (2017)[2] | |||||||
| Total assets | CN¥2,061.645 million (2017)[2] | ||||||
| Total equity | CN¥−327.366 million (2017)[2] | ||||||
| Parent | Jiangling Motors | ||||||
| Chinese name | |||||||
| Simplified Chinese | 江铃重型汽车有限公司 | ||||||
| Traditional Chinese | 江鈴重型汽車有限公司 | ||||||
| |||||||
| Website | www | ||||||
JMC Heavy Duty Vehicle (JMCH) is a dormant Chinese manufacturer ofFord-based heavytrucks owned byJiangling Motors. It was established in 2013 as a successor of Taiyuan Changan and is headquartered inTaiyuan.
In August 2012,Jiangling Motors announced it would acquire all the stake of theTaiyuan-based heavy truck manufacturer Taiyuan Changan Heavy Truck Company from its shareholdersChangan (80% stake) andChina South Industries Group Corporation (20%).[3][4] Taiyuan Changan Heavy Truck had been established in 2007 and planned to sell about 15,000 trucks by 2012 and be in the level of the top-ten truck manufacturers within China, but the actual number that year was about 3,000.[5] Taiyuan Changan Heavy Truck was reincorporated as JMC Heavy Duty Vehicle (JMCH) and restarted operations on 8 January 2013.[6] In July 2014,Ford and JMCH signed an agreement for the latter to produce Ford-based heavy trucks.[7] In 2015, JMCH completed the construction of a new assembly plant and an engine plant.[6] The first product from the company, theCargo-based Weilong, was unveiled at the 2017Shanghai Motor Show[8] and deliveries started in October 2017.[9] In 2018, the company introduced theF-MAX-based Weilong HV5.[10]
In August 2020, following constant yearly losses, JMC announced it had spun off JMCH's engine branch into a separate company called Taiyuan Jiangling Power Co., Ltd. In October 2020, it announced it had put a 60% controlling stake from the new company on sale.[11] In January 2021, it announced it had sold the stake to the Yunnei Group (astate-owned holding controlled by the Kunming State-owned Assets Supervision and Administration Commission).[12] That same month, JMC said it would increase the JMCH capital with the aim of improving its assets-liabilities ratio and facilitating a company restructuring.[13] In May 2021, JMC said its board had decided to list JMCH for sale.[14]
In August 2021,Volvo Trucks, a division ofVolvo Group, announced its intention to acquire JMCH for around CN¥800 million.[15] In May 2023, Volvo Trucks announced that it had abandoned its takeover and instead would continue to import its products to China.[16] By the end of the month, Jiangling Motors said it had indefinitely suspended JMCH's production and sales.[17]
The company has sold two Ford-based heavy trucks, the Weilong and Weilong HV5, under various configurations.[6]
