Top stories of JAC Group in 2024

In 2024, JAC Group sold a total of 403,094 vehicles, marking a year-on-year decline of 7.42%, reflecting mounting market pressures.

The reasons behind JAC Group's sales decline are multifaceted. On one hand, the rapid rise of the new energy vehicle (NEV) market has significantly impacted the traditional internal combustion engine segment. Although JAC Group has made progress in its NEV strategy, it has yet to establish a strong competitive edge. On the other hand, delays in product line expansion and shifts in consumer demand have also contributed to the sales dip.

Despite these challenges, JAC Group has demonstrated resilience. Its technological expertise and market presence in the NEV sector provide a foundation for future growth.

Recognizing the importance of the NEV market, JAC Group has taken proactive measures. In collaboration with Huawei, the company launched the high-end NEV brand MAEXTRO and unveiled its first model, the MAEXTRO S800, priced up to 1 million yuan. Additionally, in 2024, JAC established strategic partnerships with CATL, Huawei Digital Energy, and iFlytek.

JAC Group's performance in commercial vehicles and overseas markets also stands out. Its products are now available in 132 countries and regions worldwide, with strong market positions in light trucks, heavy trucks, and pickup trucks.

Wheels of Change: the story of JAC Group (Part 1)

Among Chinese OEMs, Anhui Jianghuai Automobile Group (JAC Group) stands out as a unique entity. Although it maintains a very low profile, it was the pioneer that ushered in the development of Anhui Province's automotive industry.

Wheels of Change: the story of JAC Group (Part 2)

Developing a strong passenger vehicle business has been a strategic focus for JAC Group since the tenure of Mr. Zuo Yan’an. However, the underperformance in this segment has significantly contributed to JAC’s declining financial results in recent years.

JAC Group unveils new brand strategy in Chile

In late December, Chinese automaker JAC Group held a brand renewal event in Chile, introducing two new automatic transmission pickups, the T8 Pro AT and the T9 AT to the local market. This event marked a new chapter for JAC's development in the Chilean market. 

JAC Group, Huawei co-inaugurate MAEXTRO Super Factory in Anhui Province

On December 16, JAC Group and Huawei celebrated the inauguration of the MAEXTRO Super Factory in Hefei, Anhui Province. The facility is a world-class intelligent manufacturing hub integrating digital R&D, green low-carbon production, and brand service experiences.

JAC Group introduces T9 diesel AT pickup to Brazilian market

JAC Group recently launched its T9 diesel-fueled AT (automatic transmission) pickup in Brazil, marking a significant step in its global strategy, according to the company's announcement via WeChat in December.

Huawei, JAC co-developed luxury electric sedan 'MAEXTRO S800' starts pre-orders

On November 26, Huawei hosted its Mate brand product launch, where the company officially unveiled the MAEXTRO S800, an ultra-high-end electric sedan developed by the Harmony Intelligent Mobility Alliance in collaboration with JAC Group.

JAC Group ships 100 electric light-duty trucks to Mexico

Recently, JAC Group held a shipment ceremony for 100 electric light-duty trucks at its Xingang facility, marking a significant milestone in its strategic expansion into Mexico's electric vehicle market.

JAC Group's net profit shoots up 1,029% YoY in Q3 2024

On October 29, Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Group) released its latest quarterly finance report, showing a total operating revenue of 32.27 billion yuan for the first three quarters of 2024.

JAC Group launches several pickups, light-duty trucks in Malaysia

JAC Group recently hosted its brand launch event in Malaysia, where it introduced the T9 oil-fueled pickup, the four-wheel-drive T9EV all-electric pickup, as well as a lineup of fuel-powered and electric light-duty trucks, including models I40, I75, and I90.

JAC Group announces European strategy at IAA TRANSPORTATION 2024

On September 16, Chinese automaker JAC Group showcased its latest new energy commercial vehicles and cutting-edge technologies at the IAA TRANSPORTATION 2024, one of the world's largest and most influential commercial vehicle exhibitions, held in Hannover. During the event, JAC also launched its European strategy under the theme "For Greener Cities, NOW."

JAC Group's H1 net profit shoots up 93.84% YoY in 2024

On August 27, Chinese automaker JAC Group disclosed its financial results for the first half of 2024, reporting a net profit of 300.83 million yuan attributable to shareholders, marking a significant 93.84% year-on-year soar.

JAC Group's EV 3 model hits UAE market

On July 2, 2024, Chinese automaker JAC Group officially put its first DI platform-powered electric vehicle, the E30X (known as EV 3 in China), onto the UAE market. The launch event took place at La Perle Theatre in Al Habtoor City, Dubai.

JAC Group's commercial vehicles debut CATL's Tianxing power battery

On July 4, Chinese battery giant CATL launched its new commercial vehicle power battery brand Tianxing, which will be initially implemented in JAC Group's (JAC) new energy vehicles.

JAC Motors launches T8 PRO pickup in Saudi Arabia

Recently, Chinese legacy automaker JAC Motors celebrated the grand opening of its Dammam showroom and the launch of the T8 PRO automatic pickup model in Saudi Arabia.

JAC Group's RF8 starts L3 intelligent connected vehicle road test in Hefei, Anhui province

On May 20, Chinese automaker JAC Group celebrated its 60th anniversary with a technology open day event in Hefei, officially launching road tests for its intelligent connected vehicles.

VW China, JAC Motors fulfills capital increase to Volkswagen Anhui

Volkswagen (Anhui) Automotive Company Limited (Volkswagen Anhui) recently underwent a significant change in its business registration, with its registered capital surging from approximately 7.356 billion yuan to about 13.856 billion yuan, according to the information updated on May 15 by Tianyancha, a Chinese corporate information provider.

JAC Group, Uber Brazil provide Uber drivers with purchase promotions for JAC's EV

JAC Group recently established a strategic partnership with Uber in Brazil, offering favorable purchase policies for the E-JS1 electric vehicle to Uber drivers nationwide.

JAC Motors forays into Australian pickup market with JAC T9 diesel-powered pickup

On March 20, JAC Motors announced its entry into the Australian pickup market with the debut of the right-hand drive JAC T9 diesel-powered pickup, tailored specifically for the local market.

JAC Yiwei ships 10,000 electric vehicles overseas

On February 21, JAC Group new energy vehicle brand, Yiwei, celebrated the dispatch of the first batch of 10,000 electric vehicles (EVs) at the JAC Yiwei Smart Factory.

JAC Group's RF8 hybrid electric MPV hits market, starting at 169,900 yuan

On January 31, JAC Group officially put the RF8 hybrid electric MPV onto the market, with the RF8 Zhiling Edition (which means "intelligent listening" in Chinese) hitting the market at a price range of 169,900 yuan to 239,900 yuan.

JAC Group allies with CATL to promote new energy vehicle technology advancement

On January 6, Chinese automaker JAC Group and power battery giant CATL inked a pivotal strategic cooperation agreement in Ningde, Fujian Province. The agreement encompasses such fields as power battery and green energy technologies.