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has made the latest progress in increasing capital and changing the stock ratio since Jianghuai Volkswagen. Issues related to the capital increase of Jianghuai Volkswagen have been put on record by Anhui Development and Reform Commission and entered the final implementation stage. It is reported that Jianghuai Automobile will change its name to JAC-Volkswagen. However, in response to this matter, Jianghuai Automobile officials have refuted the rumor that the news is not true.
Jianghuai Jiayue X8 has been changed to "Jianghuai Sihao X8". At the same time, the new car has been replaced with a new LOGO and will not use Jianghuai LOGO.
In the depressed environment of the car market, it is difficult for both independent brands and joint venture brands, especially for lesser-known brands to gain a foothold in the auto market. Jianghuai Automobile, a car company with a history of more than 55 years, the current development has also suffered a lot of setbacks, and there are no longer a few disputes on the body. In May 1964, the predecessor of Hefei Jianghuai Automobile Factory (Chaohu parts Factory) was established. Up to now, Jianghuai Automobile has been an integrated automobile manufacturer integrating the R & D, manufacture, sales and service of commercial vehicles, passenger vehicles and powertrain.
Today, with regard to Jianghuai Automobile, it is announced that the capital increase of Volkswagen China Investment to JAC Holdings and Volkswagen China Investment, and the capital increase of Jianghuai Automobile to Jianghuai Volkswagen have been changed, among which, Jianghuai Volkswagen Automobile Co., Ltd. changed its name to Volkswagen (Anhui) Co., Ltd.
As the first multinational car company to enter the domestic market, Volkswagen occupies the vast majority of the market. However, with the intensification of competition, Volkswagen is constantly making brand strategic layout in the Chinese market. At present, Volkswagen also has three joint ventures in China, namely SAIC Volkswagen, FAW Volkswagen and Jianghuai Volkswagen. From the establishment of Jianghuai Volkswagen in 2017, the release of Sihao brand in April 2018, to the release of the first model E20x on September 28, 2019. In order to serve this brand independently, Jianghuai Volkswagen has carried out dealer recruitment many times. In 2015, the news of Jianghuai Volkswagen spread, a large number.
Since the second half of 2018, domestic automobile production and sales have slipped, resulting in a depression in the automobile industry. In particular, the superimposed impact of the epidemic in 2020, so that weak brands are even worse, have made self-rescue plans. Among them, Jianghuai Automobile has also made arrangements to transfer some of the assets of the second passenger car factory.
On the evening of December 22, Jianghuai Automobile issued an announcement showing that Anhui Jianghuai Automobile Group Co., Ltd. (hereinafter referred to as "Jianghuai Automobile") intends to acquire the project assets related to the equipment installation project held by Weilai Automobile (Anhui) Co., Ltd.
According to KuaiBao, a sales report released by JAC, JAC sold 32700 vehicles in October, down 2.44% from a year earlier. The cumulative sales from January to October were 353500, down 10.52% from a year earlier. In terms of specific models, sales of the SUV model in October were 6718, up 22.46% from a year earlier. Cumulative sales from January to October were 77615, down 1.15 per cent from a year earlier, down 10.96 per cent from a year earlier to 3704 in October. Cumulative sales from January to October were 32297, down 35.36% from a year earlier; car models were sold in October.
At the end of June, Anhui Jianghuai Automobile was fined 170 million yuan by the Beijing Municipal Bureau of Ecological Environment for faking the on-board diagnosis system of some trucks and selling its pollution control devices as qualified products pretending to be qualified for emission inspection, setting a record for environmental protection fines for car companies, and it is also the second car company to be fined after Changan Ford this year. On July 26, Bietao, director of the Department of regulations and Standards of the Ministry of Ecology and Environment, revealed at a news conference that Jianghuai Motor had paid a fine. However, JAC Motor has applied for administrative reconsideration. Today, Jianghuai Motors announced that it will speak to the Chinese people on July 29, 2019.
following Volkswagen's establishment of FAW-Volkswagen and SAIC-Volkswagen joint ventures in China, Volkswagen has previously formed a new joint venture with Jianghuai Automobile. With Jianghuai Volkswagen increasing capital and changing the stock ratio, there has been the latest progress. On November 2, Jianghuai Automobile issued a notice saying that matters related to the capital increase of Jianghuai Volkswagen have been put on record by the Development and Reform Commission of Anhui Province. This also means that the domestic capital increase has entered the final stage of implementation.
On April 15, Jianghuai Automobile released its first-quarter results for pre-sale. According to the announcement, the net profit of JAC Motor belonging to shareholders of listed companies is expected to lose 307 million yuan in the first quarter, and the net profit belonging to shareholders of listed companies after deducting non-recurrent gains and losses is expected to lose 485 million yuan. As for the reasons for profit losses, Jianghuai Motors said that due to the epidemic and chip shortage, sales of 129400 vehicles and chassis in the first quarter of 2022, down 11.67% from the same period last year, at the same time, the rising prices of chips, batteries and other raw materials led to a rise in input costs, and the gross profit of the main business in the first quarter of 2022 decreased by about...
Anhui Jianghuai Automobile Group Co., Ltd. received a decision on administrative penalty from the Beijing Municipal Bureau of Ecological Environment and was fined 170 million yuan for emissions fraud. Jianghuai Motor has confirmed this. According to the penalty letter, the Beijing Municipal Bureau of Ecological Environment conducted a spot check on the environmental protection consistency of new cars on Jianghuai HFC5043XXYP71K1C2V models produced and sold by Jianghuai Automobile on April 9, 2018. The inspection report shows that the identification codes of JAC are LJ11KBBD0H8029128, LJ11KBBD6H8029103 and LJ11KBBD0H802915... respectively.
Since China announced last year that the restrictions on foreign shares in passenger cars would be lifted by 2022, many overseas car companies are ready to move. BMW is the first car company to increase its stake in brilliance BMW, except BMW. Volkswagen, Audi, Ford and Daimler all seem to be interested in increasing their holdings in the joint venture. Recently, it was reported that Volkswagen wants to buy a large stake in JAC and has hired Goldman Sachs as an adviser. Volkswagen is considering buying a large stake in JAC Motor, its electric car joint venture partner in China, and has hired Goldman Sachs as an adviser, Reuters quoted sources as saying. The current market capitalization of Jianghuai Automobile is about 1.7 billion US dollars.
In 2019, the domestic automobile market has experienced a continuous decline throughout the year, few car companies can make a profit in this environment, and Jianghuai Automobile may become one of them. A few days ago, Jianghuai Automobile Group Co., Ltd. issued a profit announcement for 2019. The forecast shows that the company will achieve a net profit of about 100 million yuan belonging to shareholders of listed companies in 2019, and will turn losses into profits.
Jianghuai Automobile officially released its third quarter results report in 2019. The report shows that in the first three quarters of this year, JAC Motor achieved operating income of 37.19 billion yuan, an increase of 2.4% over the 36.33 billion yuan in the same period last year. The net profit of shareholders belonging to listed companies was 120 million yuan, an increase of 154.3% over the 49 million yuan in the same period last year. JAC Motors previously said in a forecast that the sharp increase in net profit in the first three quarters was mainly due to the company's initiative to adjust its product structure and strictly strengthen cost control, so as to improve the profitability of its main business. Although profits have skyrocketed, sales have shown.
Since 2019, the sales volume of Jianghuai Automobile has been erratic, although it is not very bad, but as an old car company with the whole industry chain, from the current development, it does not seem to be very optimistic. According to the latest sales information released by JAC Motors, sales in July were 27600, down 27.29% from a year earlier. From January to July, JAC accumulated sales of 262700 vehicles, down 9.46% from a year earlier. Specific to the type of car, Jianghuai Automobile performance is still optimistic. Especially for passenger cars, car sales were 1071, down 77.49% from the same period last year. Dome SUV, MPV sales.
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On October 19th, Jianghuai Automobile announced that the company intends to transfer some of its assets through public listing, involving the inventory of the three factories of the passenger car company, fixed assets, projects under construction, buildings, land use rights and Xinqiao factory structures and equipment assets of the passenger car company, with a proposed listing price of 4.498 billion.
Volkswagen's stake in Jianghuai was approved by anti-monopoly examination. Upon completion of the deal, Volkswagen China Investment will hold a 50 per cent stake in JAC Holdings and a 75 per cent stake in the joint venture Jianghuai Volkswagen. On November 24, Jianghuai Automobile issued an announcement that the company today received notice from Volkswagen China Investment, according to the investment agreement signed by Volkswagen China Investment with Anhui SASAC and JAC on June 11, as well as the investment agreement with Jianghuai shares and JAC Volkswagen. Volkswagen China Investment has submitted an anti-monopoly review declaration to the anti-monopoly review authorities of the relevant countries with pre-declaration obligations on the transactions under the two investment agreements. As of 11.
Recently, the latest progress has been reported on the joint car-building project between Jianghuai and Huawei. On February 16, the official website of China Construction Group issued a notice about the winning bid for the EPC project of Anhui Feixi New Energy Automobile Intelligent Industrial Park by the sixth Bureau consortium of China Construction Corporation. According to its published content, the winning bid of the project is about 15.4.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
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