| China Motor Corporation 中華汽車工業股份有限公司 | |
| Type: | Public |
| Location: | 11F, No.2 Tun Hwa South Road Section 2, Taipei, Taiwan |
| Key People: | Vivian Shun-wen Wu (Former Honorary President) Kenneth Yen (Chairman) Chao-Wen Chen (President) |
| Area Served: | Asia, Middle East, Africa, Caribbean, Central America |
| Industry: | Automobile manufacturer |
| Products: | Automobiles, recreational vehicles, light commercial vehicles, trucks |
| Parent: | Yulon Motor |
| Revenue: | NT$ 55,669.4 million |
| Net Income: | NT$ 5,397.8 million |
| Num Employees: | 3,407 |
| C: | 中華汽車工業 |
| P: | Zhōnghuá Qìchē Gōngyè |
| H: | Chûng-fà Hi-chhâ Kûng-ngia̍p |
| Poj: | Tiong-hoa Khì-chhia Kang-gia̍p |
China Motor Corporation (CMC;) is an automobile manufacturer based in Taipei, Taiwan.
It was founded in June 1969, and signed a technology sharing contract with Mitsubishi Motors the following year. On 12 December 1973 they opened their first manufacturing facility, in Yangmei. Initially vehicle production was at a rate of 300 vehicles per month, but thanks to rapid growth, and the development of an advanced painting facility, the factory produced its 100,000th vehicle in 1983.[1]
Originally they only produced commercial vehicles, but have since expanded operations, producing more than 100,000 vehicles per year. Currently they operate three manufacturing plants, two in Yangmei and one in Hsinchu.[1]
The company has been listed on the Taiwan Stock Exchange since March 1991, and has repeatedly been recognized for its remarkable growth. In 1993 it was awarded the National Quality Award of Taiwan and were ranked first place in J.D. Power Asia-Pacific's Sales Satisfaction Index in 2000 and 2001. They have also been awarded numerous accolades for exemplary working conditions in their manufacturing plants.[1] As of 2019, Yulon Motor Group is the largest shareholder at over 40% and China Motor is considered part of the Yulon Motor Group.
Since 1995, CMC has invested heavily in China's South East Motor Corporation, and have poised themselves to take advantage of China's economic growth.
In 2005, the company was given approval from the Chinese government, and signed an agreement with DaimlerChrysler to produce minivans for the mainland market.
13.97 percent of the company is owned by Mitsubishi.[2] All of CMC's models are of Mitsubishi origins, adjusted to appeal for the Taiwanese market.
Since June 2007, CMC is participated in the Fujian Daimler joint venture.
In 2013, eMoving launched the first electric bicycle Bobe
In September 2015, China Automobile independently developed and remodeled the Zinger multi-functional commercial vehicle and launched it. In addition to the self-developed appearance of the car body, the engine and gearbox were also upgraded.
On April 6, 2017, China Motors once again independently launched a major facelift of its new-generation mid-sized RV Grand Lancer, which was officially launched, giving another shot in the arm to the mid-sized RV market that Mitsubishi already lacked.
In May 2019, the company released its corporate vision and new third-generation corporate identity to celebrate the company's 50th anniversary.
In July 2022, China's SAIC Motor brand MG medium-sized SUV MG HS will be introduced,[4] released the 3.5-ton small truck "Jianbing" in October of the same year.