China Motor Corporation

China Motor Corporation
China Motor Corporation
Chinese	中華汽車工業
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Zhōnghuá Qìchē Gōngyè
Hakka
Romanization	Chûng-fà Hi-chhâ Kûng-ngia̍p
Southern Min
Hokkien POJ	Tiong-hoa Khì-chhia Kang-gia̍p

China Motor Corporation
中華汽車工業股份有限公司
	Logo used since 2015
Company type	Public
Traded as	TWSE: 2204
Industry	Automobile manufacturer
Founded	13 June 1969; 55 years ago
Headquarters	11F, No.2 Tun Hwa South Road Section 2, Taipei, Taiwan
Area served	Asia, Middle East, Africa, Caribbean, Central America
Key people	Vivian Shun-wen Wu (Former Honorary President); Kenneth Yen (Chairman); Chao-Wen Chen (President)
Products	Automobiles, recreational vehicles, light commercial vehicles, trucks
Revenue	NT$ 55,669.4 million
Net income	NT$ 5,397.8 million
Number of employees	3,407
Parent	Yulon Motor
Website	www.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

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. 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 considered part of the Yulon Motor Group. 13.97% of the company is owned by Mitsubishi.^[2] All of CMC's models are of Mitsubishi origins, adjusted to appeal to the Taiwanese market.

Since 1995, CMC has invested in China's South East Motor Corporation. In 2005, the company was given approval from the Chinese government, and signed an agreement with DaimlerChrysler to produce minivans for the Chinese market. Since June 2007, CMC has participated in the Fujian Daimler joint venture.

Zhonghua Automobile electric two-wheeler dealership sign

In June 2010, CMC's Electric Motorcycle "e-moving electric two-wheeled vehicle" was launched.

In September 2012, CMC obtained the consent of Mitsubishi Motors, Officially exported Lancer Fortis with independently designed appearance to the Middle East Gulf Cooperation Council (GCC) countries.

On 30 October 2013, CMC independently developed "Xinda".^[3]

In 2013, eMoving launched the first electric bicycle Bobe.

In September 2015, CMC independently remodeled and launched the Zinger multi-functional commercial vehicle. In addition to the self-developed appearance of the car body, the engine and gearbox were also upgraded.

On 6 April 2017, CMC once again independently launched a major facelift of its new-generation mid-sized RV Grand Lancer.

In July 2017, the electric bicycle "EM 25 Shine" was announced.

In May 2019, the company released its corporate vision and new third-generation corporate identity to celebrate the company's 50th anniversary.

In August 2021, the light electric scooter eMOVING-EZ1 was released, which is the company's first electric scooter to adopt the Gogoro Network smart battery swap system.

In July 2022, the MG brand medium-sized SUV MG HS from China's SAIC Motor was introduced,^[4] the 3.5-ton small truck "Jianbing" was released in October of the same year.