All Brands Owned by JAC Motors

What does JAC Motors own?
JAC Motors produces vehicles under the JAC brand, including commercial vehicles (trucks, buses), passenger cars (sedans, SUVs), and new energy vehicles (electric and hybrid). The company also co-develops the Zunjie brand with Huawei, manufactures vehicles for NIO under contract, and holds a 25% stake in Volkswagen Anhui, a joint venture with Volkswagen Group focused on electric vehicles.

Is JAC Motors state-owned?
Yes, JAC Motors is a state-owned enterprise. The controlling shareholder is Anhui Jianghuai Automobile Group Holding Co., Ltd., which is wholly owned by the Anhui State-owned Assets Supervision and Administration Commission (SASAC), a body of the Anhui provincial government. JAC is listed on the Shanghai Stock Exchange under the ticker symbol 600418.

Does JAC have a joint venture with Volkswagen?
Yes, JAC established a joint venture with Volkswagen Group in 2017, now called Volkswagen Anhui. Volkswagen increased its stake from 50% to 75% in 2020, gaining majority control. JAC holds the remaining 25% stake. The joint venture focuses on electric vehicle production for the Chinese market. The joint venture has struggled to achieve significant sales volumes, leading to impairment charges for JAC in 2024.

What is the Zunjie brand?
Zunjie is a new ultra-luxury electric vehicle brand co-developed by JAC Motors and Huawei. The partnership is part of Huawei's Harmony Intelligent Mobility Alliance (HIMA), which also includes partnerships with Seres (Aito), Chery (Luxeed), and BAIC (Stelato). Zunjie is positioned as the ultra-luxury tier within the alliance, targeting vehicles priced above RMB 1 million (approximately $140,000). JAC manufactures the vehicles while Huawei provides intelligent driving technology and software.

What countries does JAC export to?
JAC Motors exports vehicles to over 130 countries worldwide. The company has manufacturing operations in Brazil and Mexico to support its Latin American expansion. JAC's export strength is in commercial vehicles and affordable passenger cars, competing primarily on price in emerging markets including Southeast Asia, Africa, and Latin America.

Is JAC Motors profitable?
JAC reported a net loss attributable to shareholders of approximately RMB 2.78 billion in 2024, driven by impairment charges related to the Volkswagen Anhui joint venture and competitive pressures in the Chinese automotive market. The company reported a net profit of approximately RMB 1.52 billion in 2023, though this was boosted by one-time gains from asset disposals.