Jiangling Motors

Introduction to Jiangling Motors Co., Ltd. Jiangling Motors Co., Ltd. (hereinafter referred to as "Jiangling Motors") is a national high-tech enterprise, a national innovative pilot enterprise, a nationally recognized enterprise technology center, a national intellectual property demonstration enterprise, and a "national complete vehicle export base". It has been ranked among the world's most valuable automobile brands for many consecutive years. Jiangling Motors is a strong player in China's automotive industry with commercial vehicles as its core competitiveness, and has expanded into fields such as SUVs and MPVs. In the mid-1980s, Jiangling Motors took the lead in introducing international advanced technology to manufacture light trucks, becoming a major light truck manufacturer in China. In November 1993, the company successfully issued A-shares on the Shenzhen Stock Exchange, becoming the first listed company in Jiangxi Province, and in 1995, it was the first in China to introduce foreign strategic partners through the issuance of B-shares in the form of ADRs. Ford Motor Company (hereinafter referred to as "Ford") currently holds 32% of the company's shares. Jiangling Motors has production bases including Qingyunpu Plant, Xiaolan Plant, and Taiyuan Heavy Truck Plant, with an annual production capacity of 550,000 vehicles, covering advanced manufacturing processes for stamping, welding, painting, final assembly, as well as diesel and gasoline engines. At the end of 2017, the Fushan New Energy Vehicle Base officially commenced construction. Jiangling Motors' production bases are equipped with highly intelligent and flexible production lines, creating a smart manufacturing center, and have been rated as a demonstration enterprise for the integration of informatization and industrialization in Jiangxi Province. Leveraging Ford's global platform, Jiangling has gradually developed core competitiveness in independent research and development, established its own R&D system, and built an advanced global digital design platform, developing and launching new products in sync with Ford globally. It is a national industrial design center and one of the first enterprises to pass the national enterprise intellectual property system certification. Its self-developed Yusheng SUV and the light truck Kairui 800 have won the China Excellent Design Award for exterior design, and the Kairui 800 also won the first prize of the "China Automotive Industry Science and Technology Award". Jiangling Motors is forward-looking, keeping pace with the development of the automotive industry, and is conquering new heights in the field of R&D, planning and gradually implementing in new automotive technology areas such as the Internet of Vehicles, new energy, and autonomous driving. Jiangling Motors is accelerating transformation and upgrading to achieve innovative development: it has reached a strategic cooperation with CATL to expand into the field of new energy vehicles; it is the first in the national commercial vehicle sector to install Beidou navigation, and is one of the first national demonstration enterprises for Beidou Internet of Vehicles product certification; it cooperated with Baidu to develop the L4 level autonomous driving project for Jiangling Teshun in specific parks, and has formulated an intelligent development plan. Jiangling Motors has also strongly launched the electric version of the Kairui light truck, whose excellent performance has been unanimously recognized by the logistics industry. Jiangling has always adhered to a dual-brand strategy: the JMC brand and the Ford brand are developed together. The Ford brand includes the Transit series products, Ford MPV Tourneo, Ford SUV Everest, and Ford has joined hands with Jiangling to launch the new mid-size SUV Ford Territory, which was launched in 2019; the JMC brand includes light trucks (Kairui series, Kaiyun series, and Shunda series products), pickups (Yuhu 3, Yuhu 5, Yuhu 7), light bus Teshun, Jiangling heavy truck Weilong, and Yusheng SUVs. At the same time, Jiangling Motors is planning new energy products across the entire lineup and will fully leverage its own advantages to further deepen cooperation with Ford in the field of new products. Jiangling Motors took the lead in establishing a modern marketing system in the Chinese automobile market, following a "four-in-one" exclusive business model of sales, parts, service, and information. It currently has more than 400 first-tier distributors, with a total number of over 1,000 distributors. Jiangling Motors is a major exporter of light diesel commercial vehicles in China, and has been recognized by the Ministry of Commerce and the National Development and Reform Commission as a "national complete vehicle export base". The Jiangling Motors brand is also one of the two commercial vehicle export brands strongly supported by the Ministry of Commerce. As one of the earliest enterprises in Jiangxi to introduce foreign investment, Jiangling Motors has absorbed world-leading product technology, manufacturing processes, and management concepts. With a reasonable equity check-and-balance mechanism, efficient and transparent operations, and high-level operation management, Jiangling Motors has formed a standardized management and operation system, and has successively won awards such as the Jiangxi Provincial Governor Quality Award, the National Quality Award finalist, and the National Enterprise Environmental Achievement Award. Jiangling Motors consciously assumes social responsibility, with the public welfare purpose of "Green, Care, Safety", and has created a brand public welfare project called "Jiangling Xiqiao Project". By the end of 2018, 365 convenient bridges had been donated in 24 provinces, municipalities, and autonomous regions nationwide, benefiting 600,000 villagers. It has won awards such as "China Poverty Alleviation Ambassador", "Responsible China Public Welfare Partner", and "China Corporate Social Responsibility Excellence Award". Jiangling people will move forward with a broader development vision and carry the honor, integrating the core values of "Integrity, Innovation, Win-Win" into the bloodline of corporate development. With the vision of "becoming the industry leader in light commercial vehicles", Jiangling Motors will face the ever-changing new challenges in the field of new automotive technology and stride towards a broader future.