The car is more or less ready, factory construction in Shangrao is fairly complete, potential buyers are showing interest in the car, but Aichi Automobile Co., Ltd. does not feature among the 15 companies that gained new EV project approval. No license, no sales. So what to do now?
No problemo! says Landwind.
Jiangling Holdings Co., Ltd. (JMH), the JMCG-Changan joint venture so familiar to us, has set up its Shangrao Branch in September 2018 and entered into a "house lease contract" with Jiangxi Yiwei Automobile Manufacturing Co., Ltd. JMH Shangrao Branch has requested and received approval from the Jiangxi DRC for a project to "lease and renovate the existing plant" of Jiangxi Yiwei Automobile Manufacturing Co., Ltd. for the annual production of 100,000 pure electric vehicles (now this is odd: how do you renovate a near-complete new plant?). The plant has a two-phase design capacity to produce 300,000 units p.a.
Now, Jiangxi Yiwei Automobile Manufacturing Co., Ltd. is a joint venture between Aichi Automobile Co., Ltd.* and Shangrao ETDZ Management Committee. Aichi owns 33.33% and the local administration (through firms) 66.67%. Effectively, JMH will lend its production qualification to Aichi.
I am a little surprised it turned out to be JMH and not JMEV, which is already a bona fide electric vehicle manufacturer. Recall that initially Lifan and Chehejia too planned something of this sort; eventually Chehejia had to buy out one of Lifan's group companies for its license.
*formerly Jiangxi Aichi Yiwei Industrial Co., Ltd.