http://www.yuejin-truck.com
September 21, 2006 (Press Release) --
Nanjing Automobile (Group) Corporation (the “NAC”) is a limited liability corporation of multi-element assets with State-owned economy being as the main , incorporated through asset consolidation during the process of deepening reforms of State-owned enterprise and establishing modern enterprise system by Yuejin Motor (Group) Corporation .
NAC may trace its history back to the year 1947 . The first unit of light-duty cargo vehicle in China was made by NAC in 1958 , which was named by the Nation as Yuejin Brand , since then , NAC as ascended itself into the automotive manufacture industry of China and been under constant development in a “snowballing” way and strengthened rapidly through “introducing from the foreign counterparts and consolidating with local partners” .
Nanjing Auto Works was renamed under the approval by State Economic and Trade Commission into Yuejin Motor (Group) Corporation in 1995 , and listed as one of Trial Corporation of State Large-Scale Enterprise Groups in 1997 . In 2002 , as decided by State Council , Yuejin Motor(Group) was transferred to administration of Jiangsu Province . Through assets consolidation , Nanjing Automobile Group Corporation was established with the investment contributed by Yuejin Motor (Group) Corporation jointly with China Cinda Asset Management Corporation , China Huarong Asset Management Corporation , Jiangsu Guoxin Asset Management Group Corporation and Jiangsu Communication Industry Group Corporation , of which , Yuejin Motor (Group) Corporation is the holding company . After consolidation , NAC ,is the holding company . After consolidation , NAC ,with the total asset of more than RMB 12 billion , owns a staff of over 16,000 persons and has 2 subsidiaries of sole proprietorship , 25 ones of major shareholding (of which 7 are Sino-foreign Joint Ventures) as well as more than 400 affiliated companies , which manufacture more than 400 models of such three series as Yuejin , Nanjing IVECO and Nanjing FIAT , with an annual production capacity of 300,000 units .
The manufacturing base of first light duty truck in China More than 10 years in export of automobiles Experience of assembly SKD/CKD in several overseas markets Overall production of 1600000 units of all kinds of vehicles till 2005 year.
http://www.yuejin-truck.com
NAC may trace its history back to the year 1947 . The first unit of light-duty cargo vehicle in China was made by NAC in 1958 , which was named by the Nation as Yuejin Brand , since then , NAC as ascended itself into the automotive manufacture industry of China and been under constant development in a “snowballing” way and strengthened rapidly through “introducing from the foreign counterparts and consolidating with local partners” .
Nanjing Auto Works was renamed under the approval by State Economic and Trade Commission into Yuejin Motor (Group) Corporation in 1995 , and listed as one of Trial Corporation of State Large-Scale Enterprise Groups in 1997 . In 2002 , as decided by State Council , Yuejin Motor(Group) was transferred to administration of Jiangsu Province . Through assets consolidation , Nanjing Automobile Group Corporation was established with the investment contributed by Yuejin Motor (Group) Corporation jointly with China Cinda Asset Management Corporation , China Huarong Asset Management Corporation , Jiangsu Guoxin Asset Management Group Corporation and Jiangsu Communication Industry Group Corporation , of which , Yuejin Motor (Group) Corporation is the holding company . After consolidation , NAC ,is the holding company . After consolidation , NAC ,with the total asset of more than RMB 12 billion , owns a staff of over 16,000 persons and has 2 subsidiaries of sole proprietorship , 25 ones of major shareholding (of which 7 are Sino-foreign Joint Ventures) as well as more than 400 affiliated companies , which manufacture more than 400 models of such three series as Yuejin , Nanjing IVECO and Nanjing FIAT , with an annual production capacity of 300,000 units .
The manufacturing base of first light duty truck in China More than 10 years in export of automobiles Experience of assembly SKD/CKD in several overseas markets Overall production of 1600000 units of all kinds of vehicles till 2005 year.
http://www.yuejin-truck.com
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