Is Jianghuai Automobile a State-Owned Enterprise?
1 Answers
Jianghuai Automobile is a state-owned enterprise. Jianghuai Automobile: Anhui Jianghuai Automobile Group Corp., Ltd., abbreviated as JAC Group, is headquartered at No. 176 Dongliu Road, Hefei City, Anhui Province. It is a joint-stock listed company and an enterprise integrating the R&D and sales of a full range of commercial vehicles, passenger vehicles, and powertrains. Achievements: In 1969, it produced Anhui's first truck; in 1991, it independently developed China's first special chassis for buses, ending the history of China's buses lacking special chassis; in 1993, the annual production and sales of vehicles exceeded 10,000 for the first time; in 1996, it took the lead in the automotive industry to create a learning organization and build the JAC corporate culture; in 2001, Anhui Jianghuai Automobile Co., Ltd. (hereinafter referred to as JAC Co., Ltd.), with JAC Group as its largest shareholder, was successfully listed; in 2003, it acquired 28.12% of the shares of Anhui Ankai Automobile Co., Ltd. (hereinafter referred to as Ankai Co., Ltd.), becoming the largest shareholder of Ankai Co., Ltd.; the annual production and sales of vehicles exceeded 100,000; in 2005, JAC Co., Ltd. completed its share reform; completed the formulation of the overall strategy and began implementation; the R&D center and JAC University started construction successively; in 2006, the "JAC Charter" was grandly released; the overall restructuring work was officially launched; the national-level technical center was recognized; the internationalization strategy was released; JAC Co., Ltd. successfully implemented organizational reform.
