Dorcen
Jiangxi Jiangling Group Light Vehicle Co., Ltd. (JMCGL), the Fuzhou-based manufacturer of Qiling range of pickup trucks, has been sold to Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd. It has been renamed
Jiangxi Dacheng Automobile Co., Ltd.. Studying the company profile, it appears that the new owner Jiangsu Jintan Changdanghu had already injected capital and bought 49.5% of the company back in May 2017; later in January 2018, it purchased additional shares from a third shareholder (not JMC Group) to bring its stake up to 67%. The JMC Group retains 19% equity.
Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd. is the holding company of the Jiangsu Jintan Auto group headed by Wu Hao, the son of Wu Jianzhong.
Wu Jianzhong was till recently the chairman of Zotye Auto and had been involved with Zotye from its very early beginnings. Even now the Wu family has a close working relationship with the Tech-New/Anhui Zotye group. In fact, Jiangsu Jintan Auto Group exercises significant ownership control, via subsidiaries, over Jiangsu Jintan Automobile Industry Co., Ltd. which operates Zotye's Jintan (Changzhou) plant.
Jiangxi Dacheng Auto will launch its own brand "DAICEN" shortly and is expected to unveil its first car in the 4th quarter of this year. This is most likely the G70/G70S based on the Zotye Domy X7/X7S (
link). A version of the Domy X5 is also in their model program (
link). Interestingly, both the Domy X7 and X5 are currently manufactured at the Jintan plant of Zotye (see above para). However, the DAICEN version will be made in Fuzhou.
The Qiling pickups inherited from JMCGL are also likely to move over to the DAICEN brand.
Article:
http://auto.gasgoo.com/News/2018/07/1308084484470050559C102.shtml
UPDATE: 07-16-2018 The new brand will be
DORCEN
Company profiles:
Jiangxi Dacheng Automobile Co., Ltd. (formerly JMCGL, based in Fuzhou)
Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd. (the new owner)
Jiangsu Jintan Automobile Industry Co., Ltd. (subsidiary of Jiangsu Jintan Changdanghu, operates Zotye's Jintan plant)
Jiangxi Dacheng Automobile Industry Co., Ltd. (subsidiary of Jiangsu Jintan Changdanghu, new company for production of auto parts, based in Fuzhou)