Company

Anhui Jianghuai Automobile Group Co., Ltd. (abbreviated as JAC Motors or JAC) is a comprehensive automobile enterprise that integrates R&D, production and sales of a full range of commercial vehicle, passenger vehicle and powertrain, and covers many fields such as ride hailing/sharing and financial services. JAC develops simultaneously on "advanced energy-saving vehicles, new energy vehicles, and intelligent connected vehicles". JAC is awarded as the National Torch Program's key high-tech enterprise, the top 500 Chinese companies, and the top five Chinese independent vehicle brands.

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Anhui Jianghuai Automobile Group Co., Ltd. (abbreviated as JAC Motors or JAC) is a comprehensive automobile enterprise that integrates R&D, production and sales of a full range of commercial vehicle, passenger vehicle and powertrain, and covers many fields such as ride hailing/sharing and financial services. JAC develops simultaneously on "advanced energy-saving vehicles, new energy vehicles, and intelligent connected vehicles". JAC is awarded as the National Torch Program's key high-tech enterprise, the top 500 Chinese companies, and the top five Chinese independent vehicle brands.

JAC is equipped with a high-level R&D team of nearly 5,000 people, adheres to the key technology R&D route of "energy saving, environmental protection, safety, intelligence, network connection and comfort". The complete positive R&D system is established, which is capable to achieve the development, test and verification, and calibration for whole vehicles and key components such as core power train, automatic transmission and the software system. There are comprehensive breakthroughs in energy saving and emission reduction technology, intelligent safety technology, noise technology, lightweight technology, new energy technology and manufacturing process technology, etc., which contributes to the further improvement of company core competitiveness.

Since 2009, a total of 10 JAC self-developed engines have been awarded the “China Heart" 10 BEST ENGINES. The 6DCT automatic transmission, a key project of the National 863 Program (National High-tech R&D Program), achieves complete dependence of TCU upper software development and breaks the international monopoly.

Until the end of 2022, as a pioneer in China new energy vehicle industry, JAC has demonstrated and promoted more than 200,000 new energy vehicles, with a total mileage of 8 billion kilometers. The new energy business covers passenger cars, light commercial vehicles, multi-functional commercial vehicles, buses and other products. JAC has achieved important breakthroughs in battery thermal management technology and intrinsic safety management technology. The battery liquid cooling technology is world-leading and unique in China.

JAC established joint ventures with well-known enterprises, for instance, Volkswagen of Germany, Cummins Engine, and Santander Bank of Spain, and has built cooperative relations with more than 130 countries and regions in the world such as South America, Europe, Africa, Middle East, and Southeast Asia. JAC owns overseas R&D center in Italy, and subsidiaries in Vietnam. There are also 19 international industrial bases in Mexico, Kazakhstan and other areas. By the end of 2023, JAC had exported more than 250,000 vehicles,up by 59% year-on-year. Medium and high-end light trucks have been the No. 1 exporter in the industry for many consecutive years.

JAC actively responds to the national “Belt and Road” initiative. Currently, the export market covers 80 countries along the “Belt and Road”. The “Belt and Road” initiative advanced to a new stage, and JAC successfully participated in the acquisition of Kazakhstan’s largest automobile industry group, Allur Group, becoming an important starting point of JAC on the development of the customs union market and the internationalization strategy of the Central Asian market.

In a joint venture with China's JAC Motors, Mexican telecom tycoon Carlos Slim Helu's Giant Motors will begin manufacturing cars in  Mexico to sell in the Latin American market, The Financial Times reported Monday. Two Chinese-designed and largely Chinese-manufactured sport utility vehicles are expected to be launched this week as the new venture aims to cash in on Mexico's booming domestic car market, the newspaper said.

With the alliance, Giant Motors, controlled by Slim's financial services conglomerate, Inbursa, and China's JAC Motors, plan to focus on exports to Latin American countries in a move observers see as a way of circumventing the Trump Administration's anti-free trade policies.

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"We don't depend on NAFTA at all, not for exports or for supplies," Elías Massri, Giant Motors chief executive, told The Financial Times in Mexico City, referring to the North American Free Trade Agreement with Mexico and Canada, which Trump has vowed to renegotiate or unilaterally withdraw from. "For us, this is where the opportunity lies."

Chinese firms, which have been aggressively stepping up investments in Latin America, "have a clear intention to go global, in contrast to what we're seeing in globalized countries that want to go backwards," Massri said, in an implicit reference to the U.S. regression to protectionist policies.

Massri could not be reached to confirm the news.

Analysts expect the vacuum that Trump's "America First" policies will create in Latin America—where U.S. investments have been traditionally dominant--will be filled by the Chinese. "There is no bigger strategic and economic present we could give China than the U.S. withdrawing from NAFTA," Larry Summers, former U.S. Treasury Secretary, warned at a bankers meeting in Acapulco over the weekend, the Mexican media reported.

The 4.4 billion peso (around US $230 million) alliance between Slim, Mexico's richest person, and China's  JAC Motors to manufacture vehicles in Mexico's central state of Hidalgo, was first announced last month.

JAC, which stands for Jianghai Automobile Company, builds both trucks and passenger vehicles and has had a presence in Mexico since 2007. Slim's Inbursa will be the principal shareholder in the venture.

This is not the first time in the Trump era that Slim has sought to expand his presence in the automotive sector. Under Trump, American auto giants are under pressure to scale down production in Mexico or bring back manufacturing jobs to the U.S. from Mexico.

Last month Giant Motors announced a joint venture with Moldex, a subsidiary of Grupo Bimbo, a Mexican-based multinational that is the world’s largest bread maker, to manufacture a made-in-Mexico electric vehicle.

During the presidential campaign, Trump threatened to impose punitive tariffs on U.S. automakers to force them to drop multi-billion-dollar expansion plans in Mexico. As President, Trump has claimed credit for Ford Motor's decision to cancel production of a $1.6 billion plant in Mexico.

With an estimated net worth of $60.9 billion, Slim is the world’s 5th richest person,  according to the Forbes Real Time Billionaire Ranking.

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