China Motor Corporation

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China Motor Corporation
中華汽車工業股份有限公司
Public (TSEC: 2204)
IndustryAutomobile manufacturer
Founded13 June 1969; 50 years ago (13 June 1969)
Headquarters11F, No.2 Tun Hwa South Road Section 2, Taipei, Taiwan
Area served
Asia, Middle East, Africa, Europe, Central America
Key people
Vivian Shun-wen Wu (Former Honorary President)
Kenneth Yen (Chairman)
Chao-Wen Chen (President)
ProductsAutomobiles, recreational vehicles, light commercial vehicles, trucks
RevenueIncrease NT$ 55,669.4 million
Increase NT$ 5,397.8 million
Number of employees
3,407
ParentYulon Motor
Websitewww.china-motor.com.tw

China Motor Corporation (CMC; Chinese: 中華汽車工業; pinyin: Zhōnghuá Qìchē Gōngyè) is an automobile manufacturer based in Taipei, Taiwan.

History[edit]

It was founded in June 1969, and signed a technology sharing contract with Mitsubishi Motors the following year. On 12 December 1973 they opened their first manufacturing facility, in Yangmei. Initially vehicle production was at a rate of 300 vehicles per month, but thanks to rapid growth, and the development of an advanced painting facility, the factory produced its 100,000th vehicle in 1983.[1]

Originally they only produced commercial vehicles, but have since expanded operations, producing more than 100,000 vehicles per year. Currently they operate three manufacturing plants, two in Yangmei and one in Hsinchu.[1]

The company has been listed on the Taiwan Stock Exchange since March 1991, and has repeatedly been recognized for its remarkable growth. In 1993 it was awarded the National Quality Award of Taiwan and were ranked first place in J.D. Power Asia-Pacific's Sales Satisfaction Index in 2000 and 2001. They have also been awarded numerous accolades for exemplary working conditions in their manufacturing plants.[1] As of 2019, Yulon Motor Group is the largest shareholder at over 40% and China Motor is consider part of the Yulon Motor Group.

Since 1995, CMC has invested heavily in China's South East Motor Corporation, and have poised themselves to take advantage of China's economic growth.

In 2005, the company was given approval from the Chinese government, and signed an agreement with DaimlerChrysler to produce minivans for the mainland market.

13.97 percent of the company is owned by Mitsubishi.[2] All of CMC's models are of Mitsubishi origins, adjusted to appeal for the Taiwanese market.

Since June 2007, CMC is participated in the Fujian Daimler joint venture.

Products[edit]

Current[edit]

CMC brand:

Mitsubishi brand:

Former production[edit]


See also[edit]

References[edit]

  1. ^ a b c "About CMC" China Motor Co. website Archived 9 January 2007 at the Wayback Machine
  2. ^ "MMC and CMC of Taiwan sign MOU on future joint business in Mainland China". Press Release. Tokyo: Mitsubishi Motors Corporation. 2004-12-28. Archived from the original on 2006-05-28.

External links[edit]