Who owns Yuejin? The ownership chain, SAIC Motor's stake and the 2007 deal
Facts checked Chinese holding 100%
Yuejin is Chinese. It is a light-truck brand that came to SAIC with Nanjing Automobile in 2007 and is sold almost entirely inside China.
Yuejin came to SAIC with Nanjing Automobile in December 2007. The trucks are built by Naveco, the Nanjing joint venture with Iveco into which Yuejin's truck business had been merged.
The short answer
| Controlled by | SAIC Motor |
|---|---|
| Stake | not published |
| Since | 26 December 2007 |
| Kind | brand |
| Origin | CN |
| Name in Chinese | 跃进 “yweh-JIN” |
| Top of the chain | Shanghai Municipal State-owned Assets Supervision and Administration Commission |
| Is it Chinese? | Yes |
The chain, step by step
Shanghai Municipal State-owned Assets Supervision and Administration Commission controls SAIC Motor since 1995.
The Shanghai municipal state-assets commission is SAIC Motor's ultimate controller, holding its shares through the wholly state-owned parent Shanghai Automotive Industry Corporation (Group). Published figures for the parent's holding in the listed company cluster between about 63% and 68%; no figure carrying its own date could be confirmed from an SAIC filing, so the stake is left null.
SAIC Motor controls Yuejin since 26 December 2007.
Yuejin came to SAIC with Nanjing Automobile in December 2007. The trucks are built by Naveco, the Nanjing joint venture with Iveco into which Yuejin's truck business had been merged.
| Holder | Holds | Kind | Stake | Since |
|---|---|---|---|---|
| Shanghai Municipal State-owned Assets Supervision and Administration Commission | SAIC Motor | controls | controls | 1995 |
| SAIC Motor | Yuejin | controls | controls | 26 December 2007 |
Yuejin: questions people ask
- Who owns Yuejin?
- SAIC Motor. The brand came with Nanjing Automobile, which SAIC absorbed in December 2007; the trucks are built by Naveco, the Nanjing venture with Iveco.
- What does Yuejin mean?
- 跃进 (Yuèjìn) means 'leap forward'. The name dates from 1958, the year the Great Leap Forward began.
- What does Yuejin make?
- Light and medium trucks, sold mainly in China.
Related
Sources for Yuejin
- Wikipedia, Yuejin. Read . 1958 start of production, the output figure to July 1987, the 2007 merger and the Naveco arrangement.
- SAIC Motor, Company Profile. Read . SAIC lists SAIC Yuejin among its own brands.
- Wikipedia, List of automobile manufacturers of China. Read . SAIC Motor's brand portfolio.
- Wikipedia, SAIC Motor. Read . Gives 62.69% for the Shanghai state-assets commission, without a date.