江淮JAC

Who owns JAC? The ownership chain, JAC Group's stake and the 1969 deal

Facts checked Chinese holding 100%

JAC is Chinese and state-owned. Anhui Jianghuai Automobile is based in Hefei and held by the Anhui provincial government; it makes cars, pickups and light trucks and holds 25% of the Volkswagen Anhui joint venture that builds the Cupra Tavascan for Europe.

The JAC marque belongs to the group that created it; the first trucks later badged JAC were built in 1969.

The short answer

Controlled by JAC Group
Stake100%
Since1969
Kindbrand
OriginCN
Name in Chinese 江淮 Jiānghuái “jyahng-HWY”
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 JAC at 100% since 1969.

    The JAC marque belongs to the group that created it; the first trucks later badged JAC were built in 1969.

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 JAC owns 100% 1969

JAC: questions people ask

Who owns JAC?
The listed JAC company is controlled by an unlisted holding company, JAG, which is owned half by the Anhui provincial state-assets commission and half by Volkswagen (China) since 2020.
What does JAC stand for?
Jianghuai Automobile Company. 江淮 (Jiānghuái) names the region between the Yangtze and Huai rivers, which covers most of Anhui province.
Is JAC sold in the United States?
No. JAC exports to more than 130 countries and assembles vehicles in Mexico, but it has no United States sales operation.
What kind of vehicles does JAC make?
Mostly commercial ones — light and medium trucks, pickups and vans — plus passenger MPVs and SUVs under the Refine name and small electric cars under JAC Yiwei.

Related

Sources for JAC

  1. Gasgoo, Wheels of Change: the story of JAC Group (Part 1). Read . The 1968 first truck, the 1969 batch, the 1985 HF144A and the export history and totals.
  2. Wikipedia, JAC Motors. Read . The sub-brands, the sales series, the assembly plants and the Chinese name.
  3. Wikipedia, List of automobile manufacturers of China. Read . JAC Group listed under local-government state ownership with JAC, JAC Refine and Ankai.
  4. Wikipedia, Volkswagen Anhui. Read . Volkswagen 75%, Anhui JAC Motors Group 25%.
  5. electrive.com, VW takes majority stake in joint venture with JAC. Read .
  6. Wikipedia, JAC Group. Read .