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Fujian Motors Group
The Fujian Motors Group , referred to as Fujian Automobile Group or FJMG, is a wholly state-owned company in Fujian Province. It was established in 1991. It is a large state-owned enterprise in Fujian Province and the largest automobile group company in Fujian Province. The address is located at Fuzhou Hi-Tech Zone Haixi Park Hi-Tech Avenue.
Group companies include Fujian Benz (50% joint venture with Daimler AG), King Long (a bus manufacturer) (15%) and Higer Bus.
Fujian Daimler, a subsidiary of the group, will sell no less than 40% of its shares to BAIC, while the group itself and Soueast Auto will maintain the current situation and will not enter into new joint ventures.
In 2012, Fujian Automobile Industry Group had an operating income of 10.26 billion yuan, of which Southeast Automobile accounted for 7.261 billion yuan, On May 16, 2013, the People's Government of Fujian Province and Dongfeng Motor Corporation signed a strategic cooperation framework agreement, Dongfeng Motor Corporation will acquire 45% of the equity of Fujian Automobile Industry Group Co., Ltd. held by the State-owned Assets Supervision and Administration Commission of Fujian Province through capital increase, At the same time, Dongfeng Motor Corporation and FAW Group will also establish an investment company to control Southeast (Fujian) Automotive Industry Co., Ltd.
King Long United Automotive Industry Co., Ltd (Chinese: 厦门金龙联合汽车工业有限公司) or commonly known as King Long (simplified Chinese: 金龙; traditional Chinese: 金龍; pinyin: Jīnlóng, literally, Golden Dragon) is a Chinese bus manufacturer headquartered in Xiamen, Fujian. Founded in December 1988, it is focused mainly on developing, manufacturing and selling large-and-medium-sized coaches and light vans. In 2008, King Long had an 18 percent share of the export market in China. Overseas sales contributed 25 percent of King Long's sales.
Higer Bus Company Limited, also known as Higer Bus, is a Chinese bus manufacturer based in Suzhou, Jiangsu province. It was established at the end of 1998. HIGER is China's leading exporter of buses and coaches.
Keyton also known as Fujian New Longma (NLM) or Fujian Qiteng (FQT) is a brand for MPVs, minivans and vans. It is sold overseas in several developing countries, including Egypt, Philippines, Bolivia, and Chile.
In May 2016, the company NEVS announced that they will take over the Chinese company New Longma (NLM) after acquiring 50% of the New Longma manufacturing plant. On May 12, 2016, the formal contract was signed in Fujian. On 18 August 2016, NEVS officially took over Chinese vehicle company New Longma (NLM) in the Fujian province. At the same time, NLM signed the first contract with Panda New Energy on delivering 35,000 electric logistics delivery vans.
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Fujian Motors Group
The Fujian Motors Group , referred to as Fujian Automobile Group or FJMG, is a wholly state-owned company in Fujian Province. It was established in 1991. It is a large state-owned enterprise in Fujian Province and the largest automobile group company in Fujian Province. The address is located at Fuzhou Hi-Tech Zone Haixi Park Hi-Tech Avenue.
Group companies include Fujian Benz (50% joint venture with Daimler AG), King Long (a bus manufacturer) (15%) and Higer Bus.
Fujian Daimler, a subsidiary of the group, will sell no less than 40% of its shares to BAIC, while the group itself and Soueast Auto will maintain the current situation and will not enter into new joint ventures.
In 2012, Fujian Automobile Industry Group had an operating income of 10.26 billion yuan, of which Southeast Automobile accounted for 7.261 billion yuan, On May 16, 2013, the People's Government of Fujian Province and Dongfeng Motor Corporation signed a strategic cooperation framework agreement, Dongfeng Motor Corporation will acquire 45% of the equity of Fujian Automobile Industry Group Co., Ltd. held by the State-owned Assets Supervision and Administration Commission of Fujian Province through capital increase, At the same time, Dongfeng Motor Corporation and FAW Group will also establish an investment company to control Southeast (Fujian) Automotive Industry Co., Ltd.
King Long United Automotive Industry Co., Ltd (Chinese: 厦门金龙联合汽车工业有限公司) or commonly known as King Long (simplified Chinese: 金龙; traditional Chinese: 金龍; pinyin: Jīnlóng, literally, Golden Dragon) is a Chinese bus manufacturer headquartered in Xiamen, Fujian. Founded in December 1988, it is focused mainly on developing, manufacturing and selling large-and-medium-sized coaches and light vans. In 2008, King Long had an 18 percent share of the export market in China. Overseas sales contributed 25 percent of King Long's sales.
Higer Bus Company Limited, also known as Higer Bus, is a Chinese bus manufacturer based in Suzhou, Jiangsu province. It was established at the end of 1998. HIGER is China's leading exporter of buses and coaches.
Keyton also known as Fujian New Longma (NLM) or Fujian Qiteng (FQT) is a brand for MPVs, minivans and vans. It is sold overseas in several developing countries, including Egypt, Philippines, Bolivia, and Chile.
In May 2016, the company NEVS announced that they will take over the Chinese company New Longma (NLM) after acquiring 50% of the New Longma manufacturing plant. On May 12, 2016, the formal contract was signed in Fujian. On 18 August 2016, NEVS officially took over Chinese vehicle company New Longma (NLM) in the Fujian province. At the same time, NLM signed the first contract with Panda New Energy on delivering 35,000 electric logistics delivery vans.