Nanchang, China, May 11, 2023 – Ford Motor Company and Jiangling Motors Co., Ltd (JMC) today signed a framework agreement to further enhance the export of vehicles produced by JMC. This cooperation framework intends to combine JMC’s strong industrialization capabilities with Ford’s well-established global distribution network. The planned export products include affordable EV and ICE commercial vehicles.
Sam Wu, president and CEO of Ford China, and Qiu Tiangao, chairman of JMC signed the agreement in Nanchang.
“China remains a strategically important market for Ford,” said Sam Wu, president and CEO of Ford China. “Leveraging our strengths in conjunction with our partners’ capability is key for us to deliver value for our customers and shareholders. JMC boasts excellent industrialization capabilities, and we are confident that it will become a key engineering and manufacturing center for Ford’s strategic growth plans to export world-class vehicles to markets around the world.”
Ford became JMC’s major shareholder with its strategic investment in JMC in 1995. JMC has successfully produced several Ford-branded vehicles and components in the China market. In 2022, JMC exported more than 60,000 units to countries in the Middle East, the ASEAN region, and South America, including Ford Territory midsize SUV, Ford Equator Sport and Transit van.
“Our long-time business relationship with Ford lays a solid foundation for further cooperation towards the future development,” said Qiu Tiangao, Chairman of JMC. “With Ford’s strong product development expertise, great brand reputation, mature business structure, and well-established distribution network worldwide, JMC looks forward to delivering world-class vehicles to even more customers around the world."
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles commercial vans and cars and Lincoln luxury vehicles, as well as connected services. Additionally, Ford is establishing leadership positions in mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 182,000 people worldwide. More information about the company, its products and Ford Credit is available at corporate.ford.com.
