Jiangling Motors sales revenue reached RMB 22.3 billion in January-October 2010, and JMC exceeded 100,000 units

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As of the end of October 2010, Jiangling Motors Group achieved a sales revenue of 22.3 billion yuan, a total of 3.6 billion yuan in profits and taxes, completed its annual sales tasks ahead of schedule, and for the first time achieved an annual sales revenue of more than 20 billion yuan.

It is understood that since the 2004 Jiangling Motors Group’s sales revenue exceeded the 10 billion yuan mark, the Jiangling Motors Group has taken advantage of the situation and self-pressurized, actively responding to various complex situations at home and abroad, and successfully defusing the serious impact of the international financial crisis. Constantly expanding the cooperation results, constantly nurturing new economic growth points, adjusting the economic structure, changing the mode of development, striving to speed up the development of new products, open up the international and domestic markets, and other measures, seized the opportunity, and won the space and time for development. The comprehensive competitiveness of enterprises has been significantly enhanced.

During the "11th Five-Year Plan" period, Jiangling Group invested 11.5 billion yuan in total, formed a 300,000 vehicle capacity and an annual output of 290,000 engines, creating and maintaining a leading edge in the commercial vehicle industry and completing the business from traditional commercial vehicles. The important leap in the field to the field of cars has formed the four major vehicle brands of JMC, Transit, Landwind and JMCG, with a total of more than 600 vehicle types. Among them, JMC single-brand production and sales have exceeded 100,000 units in January-October 2010. In the first nine months of 2010, the Group’s vehicle sales increased by more than 66%, which was far higher than the average increase of 35.97% of domestic vehicle sales, and continued to maintain its leading growth momentum.

Changing the mode of development is a new requirement for scientific development in the new era. To this end, Jiangling Motors Group has also made substantial explorations in the field of new energy vehicles. At present, Jiangling Motors has already obtained the production qualifications of Quanshun pure electric service vehicles, pickup pure electric engineering vehicles (N1 new energy vehicles), CV7 pure electric vehicles and CV9 hybrid vehicles, of which N1 new energy vehicles have sold more than 70 Vehicle. On October 18, 2010, Jiangling Yusheng, the first domestic high-end SUV developed by JMC independently and successfully completed the production line, achieved a major breakthrough in Jiangling’s independent research and development capabilities. At the same time, the Jiangling Motors Group conscientiously implements the "Quality-Leading Industry-Leading" strategic approach to solidly promote energy-saving and emission-reduction. With efficient and stable lean manufacturing systems and a sound quality management system, it ensures low investment, low consumption, low emissions, high efficiency, and continuous performance. Customers provide high-quality products, and the company has won the reputation of “China's Automobile Sales Satisfaction Index 2010 First Place for Commercial Vehicles”.

At the end of the "Eleventh Five-Year Plan" period, Jiangling Motors will use its annual sales revenue to exceed 20 billion yuan as an opportunity to meet the good start of the "Twelfth Five-Year Plan" with high growth. During the "12th Five-Year Plan" period, Jiangling's ambition will write a new chapter. The group will invest 20 billion yuan to build and add new vehicles and parts projects. In particular, Jiangling’s 300,000 vehicle Xiaolan base project will enable Jiangling to produce approximately 700,000 complete vehicles, 20,000 new energy vehicles and 130,000 vehicles each in a period of 3 to 5 years. Special-purpose vehicles, 1.5 million sets of transmissions, 660,000 sets of engines, and 600,000 drive axles and other key parts assembly production capabilities.

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