| JMC Heavy Duty Vehicle Co., Ltd. | |
| Type: | Subsidiary |
| Predecessor: | Taiyuan Changan Heavy Truck Company |
| Foundation: | 8 January 2013 |
| Location City: | Taiyuan |
| Location Country: | China |
| Area Served: | China |
| Key People: | Wu Xiaojun (general manager)[1] |
| Industry: | Automotive |
| Products: | Trucks |
| Operating Income: | [2] (2017) |
| Net Income: | (2017) |
| Equity: | (2017) |
| Assets: | (2017) |
| Parent: | Jiangling Motors |
JMC Heavy Duty Vehicle (JMCH) is a dormant Chinese manufacturer of Ford-based heavy trucks owned by Jiangling Motors. It was established in 2013 as a successor of Taiyuan Changan and is headquartered in Taiyuan.
In August 2012, Jiangling Motors announced it would acquire all the stake of the Taiyuan-based heavy truck manufacturer Taiyuan Changan Heavy Truck Company from its shareholders Changan (80% stake) and China 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, the Cargo-based Weilong, was unveiled at the 2017 Shanghai Motor Show[8] and deliveries started in October 2017.[9] In 2018, the company introduced the F-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 (a state-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 of Volvo Group, announced its intention to acquire JMCH for around .[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]