The Nanjing Automobile (Group) Corporation (Yuejin Motor Group Corporation, China's oldest car maker, founded in 1947) is a state-owned enterprise with 16,000 employees. The group occupies an area of 4,000,000 m, has fixed assets amounting to RMB 12 billion and an annual production capacity of 200,000 vehicles. The group's major products are cars, trucks, and travel buses.
The history of Nanjing Automobile (Group) Corporation can date back to 1947. It successfully produced the first light truck of China on March 10th, 1958. The state named the truck Guerin autos and approved the establishment of Nanjing Automobile Works.
From 1958 to 1979, moved to a leading position in light auto trade in China. In 1980, in order to satisfy the need of the countryside market, it was the first to install diesel motor in the light trucks. In 1982, it introduced a whole set of moulds of Isuzu cab, which enabled them to leap to the leading position of China auto trade in terms of auto model conversion technology and the auto output to a sharp increase from 250,000 sets to 650,000 sets.
During the Ninth Five-year Program, the company jointly established Nanjing Viejo Automobile Co. with Iveco Company of Fiat Auto S.p.A. of Italy. Later it introduced foreign capitals through various channels to establish Nanjing Fiat Company, initiating the production of saloon cars. At the meantime, it carried out shareholding reform on manufacturing enterprises of Yuejin autos and established Yuejin Automobile Shareholding Co., Ltd.; it introduced mature technology and auto models from Europe and established Wuxi Soyat Branch.
Currently, the company has reached an annual capacity of 200,000 sets of various autos, including over 400 kinds of saloon cars, light trucks, heavy trucks, light buses, off-road vehicles, estate cars, special vehicles and special-purpose vehicles as well as a wide series and multi-type product mix of various chassis, which has developed into four integrated production bases of Yuejin, Nanjing-Iveco, Nanjing-Fiat and Soyat.
On July 22nd 2005, the Nanjing Automobile Group purchased the British MG Rover Group for ?53 million.
Car brands owned by NAC:
- Soyat (Chinese car brand, their models are licensed by SEAT and Isuzu)
- MG (Acquired MG Rover Group and Powertrain Ltd assets, including the brands: Wolseley, Austin, Morris, Vanden Plas (outside the US & Canada), American Austin, Princess, Austin-Healey and Sterling)
Truck brands owned by NAC:
NAC Joint Ventures:
Wuxi Soyat Branch.
The Wuxi Soyat Branch of Nanjing Automobile (Group) Corporation is the fourth integrated production base following Yuejin, Nanjing-Iveco and Nanjing-Fiat, and the second production base of saloon cars. It locates at Wuxi, the centre of the Hangzhou-Shanghai-Nanjing triangle, covering an area of 640 m?.
- Soyat current model list:
--Soyat NJ7150 (under SEAT licence)
--Soyat Unique (under SEAT licence)
--Soyat SUV (under Isuzu licence)
--Soyat Pick-up (under Isuzu licence)
These models are sold inside mainland China only.
Yuejin Motor Group.
Nanjing Automobile Corporation sell such automotive products as Yuejin brand series of light-duty trucks.
At present, Yuejin Motor Group possesses an annual production capacity of 200,000 vehicles of various models. The products cover different types of models, including light duty trucks, light duty buses, cross country vehicles, small-sized passenger/cargo transportation vehicles, special-purpose vehicles as well as various types of chasses etc.
Yuejin Motor Group has been engaged mainly in exploring the overseas markets of automobiles and parts & components thereof. The products have been exported to many countries and regions such as Argentina, South Africa, Sudan, Ivory Coast, Namibia, Djibouti, Tanzania, Cyprus, Togo, Italy and Spain etc. In addition, it has obtained successful experience in establishing abroad SKD/CKD assembly plants of trucks and minibuses.
Nanjing-Fiat & Nanjing-Iveco Joint Ventures.
The 50-50 joint venture between NAC and Fiat was set up in April 1999. Located in the Jiangning District New Technology Park of Nanjing, Nanjing-Fiat produced and sold 24,000 vehicles in 2002, bringing a sales revenue of 2.3 billion yuan (US$280 million).
Nanjing-FIAT produce three models: Fiat Palio, Fiat Palio Weekend and Fiat Siena, all development by Giugiaro.
Iveco, an affiliate of Fiat, also has a US$300 million joint venture in co-operation with the Yuejin trucks, producing Iveco commercial vans. Iveco is the world's second biggest bus manufacturer, following only Mercedes-Benz.
Much of the material on this website is copyrighted. Original articles appearing herein are subject to copyright. Please don't copy stuff from the site without asking; it may belong to someone! Any trademarks appearing on this site are the sole property of the registered owners. No endorsement by trademark owners is to be construed. The products, brand names, characters, related slogans and indicia are or may by claimed as trademarks of their respective owners. Every effort has been made whenever possible to credit the sources. The use of such material falls under the Fair Use provisions of intellectual property laws.