NANCHANG, Jiangxi – JMC subsidiary Jiangxi Jiangling Motors New Energy Vehicle Co., Ltd. (JMEV) was awarded the 7th EV production license by the state economic planner on December 23.
It is also the third NEV subsidiary of a traditional auto OEM to get such a license, after BAIC BJEV and Chery New Energy. The four other NEV manufacturers that have received similar licenses are Changjiang Auto, CH-Auto, Wanxiang Group and Min’an Auto.
JMEV will invest ¥1.325 billion ($192.59 million) to build 50,000 EVs a year in Nanchang, Jiangxi Province. Three models to be produced are the E50, E200 and E300.
JMC is known for its light commercial vehicle products including light trucks and pickups. It already has a joint venture with Ford producing the Transit and Everest SUVs.
JMC will expand its annual EV production capacity to 60,000-70,000 units by 2020 with four models hitting the market, according to its NEV plan released at the end of 2015.
Established in January 2015, JMEV has developed electric sedans, logistics trucks, vans and sanitation vehicles. At present, its E100 EV is on sale, and the E200 sedan and E300/400 passenger vehicles are being developed.