HEFEI, China--(BUSINESS WIRE)--Leading the industry, JAC Motors’ export grew by 41% year on year during H1 2015. The company’s export size jumped to the third position in China with a total of nearly 40,000 units, undeterred by slow economic growth.
Although the global economy has risen moderately, the emerging and developing markets are recovering slowly. In H1 2015, China’s automobile export was predicted to decrease by 12% due to weak demand and the rising RMB exchange rate, which in turn will cause a reduction in the country’s automotive production.
In terms of truck export, JAC exported over 8,000 of its continuously optimized light-duty trucks, among which the high-end N series have accounted for up to 86% of all exported light-duty trucks. In markets such as Algeria and Chile, JAC trucks remained the largest Chinese exporting brand. JAC was also a leading automotive exporter in the South American market including Chile. Meanwhile, JAC’s heavy-duty truck export has increased by 236% during H1 to exceed 4,000 units, primarily driven by export to Venezuela, where the largest heavy-duty trucks order was signed between JAC and the Venezuela government.
Finally, in terms of passenger vehicles, the automaker is currently ranked second among China automobile brands. JAC’s export in this area increased up to 86% to more than 25,000 units. In addition, due to an increase in sales within the Iranian market, SUV S5 has become a rising star in the SUV segment market with a second position amongst Chinese brands, further demonstrating the quality of JAC products.
About JAC Motors
JAC Motors is an automaker that develops full-line independent brand vehicles including light, medium and heavy trucks, sedans, MPV, SRV, buses, chassis, engineering machinery, engines, and gearboxes. Based in Hefei, China, the company’s research and development center drives its innovation. JAC also founded China’s first overseas research and development center in Turin, Italy, and a second in Tokyo, Japan.
JAC has been in business for over fifty years, and currently produces more than 1,000,000 units and 500,000 engines annually, ranking it among China’s top 10 automakers.