Gasgoo.com (Shanghai July 22) - JAC (Jianghuai Automobile Co) launches its long conceived alternative energy project in advance to save in the plunging share market as the company has finished holdings reform in April.
JAC considers the alternative energy together with globalization is the new opportunity for further development. Since the company has formed a strategic plan with the accomplishment of the stockholding reform, JAC begins to focus on the three pillar business units of its sales, which are light truck, MPV and SUV.
The state-owned enterprise currently has several specific development targets. It will strengthen the portfolio of MPV, the competence of SUV and light truck. JAC plans to broaden both the production and sales volume of alternative fueled vehicles each to 30 percent of the overall production and sales volume. A new development pattern will come into existence with energy-saving vehicles and alternative fueled vehicles and intelligent networking vehicles.
JAC plans to manage to battery control technology, managing edge at pure electric engine and developing plug-in hybrid engines. In addition, JAC seeks foreign development opportunity especially the countries along the One Belt And One Road (the Silk Road Economic Belt and the 21st century Maritime Silk Road), which has been implemented by the Chinese government as a go global strategy.
JAC has a long history of shareholding reform from 2006 till 2015. These reforms helped the company optimize the shareholding structure and rejuvenate the state-owned enterprise. The 2006 shareholding reform increased share of employees of to 78.2% from zero, with a little motivation effect. Then the 2013 mixed ownership reform transferred the shareholding of general staff to the management level personnel. And the most important reform of 2015 helped the company form the mentioned development scheme.