安凯Ankai

Who owns Ankai? The ownership chain, JAC Group's stake and the 2023 deal

Facts checked Chinese holding 100%

Ankai is Chinese. The Hefei bus maker is part of the JAC group and therefore owned through the Anhui provincial government; it exports coaches and electric buses.

JAC first took 28.12% of the separately listed bus maker in 2003, becoming its largest shareholder, and agreed in June 2023 to buy a further 16.41%, taking the holding to about 41.61%.

The short answer

Controlled by JAC Group
Stake41.61%
SinceJune 2023
Kindbrand
OriginCN
Name in Chinese 安凯 Ānkǎi “ahn-KY (KY as in 'kite')”
Top of the chainAnhui provincial government
Is it Chinese? Yes

The chain, step by step

  1. Anhui provincial government controls JAC Group.

    Indirect. Anhui's provincial state-assets commission controls JAC through the unlisted holding company JAG, in which it holds 50%; Volkswagen (China) holds the other 50% of JAG but does not control the listed carmaker.

  2. JAC Group owns Ankai at 41.61% since June 2023.

    JAC first took 28.12% of the separately listed bus maker in 2003, becoming its largest shareholder, and agreed in June 2023 to buy a further 16.41%, taking the holding to about 41.61%.

Every holding above this entity, with the stake and the date it began.
Holder Holds Kind Stake Since
Anhui provincial government JAC Group controls controls not published
JAC Group Ankai owns 41.61% June 2023

Ankai: questions people ask

Who owns Ankai?
JAC Group is the largest shareholder, with about 41.61% after a purchase agreed in June 2023. Ankai remains separately listed on the Shenzhen Stock Exchange as 000868.
What does Ankai make?
Buses and coaches — city buses, intercity coaches, school buses, sleeper coaches and electric versions of most of them — plus chassis and specialist vehicles.
What does Ankai mean?
安凯 (Ānkǎi) takes 安 from Anhui, the province, which also means 'safe', and 凯, 'triumphant'.
Are Ankai buses sold in the United States?
Not currently, as far as could be verified. Ankai delivered eleven double-decker buses to the Big Bus Company in the United States in 2010.

Related

Sources for Ankai

  1. Wikipedia, Ankai. Read . Founding date of 22 July 1997, the Shenzhen listing, the model range and the export examples.
  2. MarkLines, JAC to increase its stake in Ankai to 41.61%. Read . The June 2023 agreement to buy a further 16.41%.
  3. Anhui Ankai Automobile Co., Ltd., About Us — China Professional Bus Company. Read . Ankai's own profile: the July 1997 listing, its status as a JAC subsidiary, the product categories and the research centres.
  4. Wikipedia, List of automobile manufacturers of China. Read . Ankai listed under JAC Group.
  5. electrive.com, VW takes majority stake in joint venture with JAC. Read .
  6. Wikipedia, JAC Group. Read .