Chinese Landwind SUVs will replace cars AIWAYS

23 August 2019

Electric startup Aiways acquired a 50% of the controversial manufacturer of SUV Jiangling Holdings

Famous scandals Chinese carmaker Jiangling Holdings (trademark Lanwing) into the production of electric vehicles after the acquisition of 50% interest in it startup Aiways.

Last week in Nanchang, capital of East China Jiangxi province, signed a tripartite agreement under which the shares of Jiangling Holdings was raspredeleny in the ratio of 50/25/25 between companies Aiways, Jiangling Motors and Changan Automobile Group Co. According to open Changan, a company listed on the stock exchange in the southern Chinese city of Shenzhen, the company Aiways paid of ¥1.75 billion ($248 million) for its 50% stake in Jiangling Holdings.
The deal allows Aiways obtain a license for the production of electric vehicles from China's regulators and use the factory Jiangling Motors rapid expansion of their production.
The agreement also enables Jiangling Motors to better use the production capacity of the plant and ease its financial problems.

AIWAIS plans to sell electrocreaser U5 on the domestic and European markets

background: startup Aiways was organized in 2017, Mr. Fu Qian, the former head of sales in China Volvo Car Corp., located in Shangrao another city in Jiangxi province. The startup introduced its first child – compact electrocreaser U5 in November last year.

background: company Jiangling Holdings was established in Nanchang in 2004 as a JV between the companies Changan and Jiangling Motors Group, and they were both public companies. The main products of the company were SUVs under the brand Landwind.

The firstborn of the brand Landwind X6, accompanied by bad service to the entire Chinese auto industry

Positioning plant with production capacity of 150 thousand cars a year, Jiangling Holdings in 2018 could realize only about 26 thousand SUVs Landwind brand have recorded an annual loss in the amount of ¥820 million.

In March this year, a Beijing court ordered Jiangling Motors to end production, marketing and sales of the Landwind X7 SUV (yellow cars in the photo), after examination confirmed that Chinese car copies the exterior and interior design of the English model Range Rover Evoque (white car photo)

PS the big story of plagiarism Landwind (translated as "Wind land") English SUV Range Rover Evoque is so bad smell and casts a shadow on honest manufacturers China exerting considerable efforts to bring their products to the world market that Jiangling Motors, indeed, as the air was in need of a new owner, and change the product line is not hurt.

Moreover, Jiangling still remember an even earlier history 2005, when the General German automobile club (ADAC) conducted a crash test according to the method similar to NCAP Landwind X6 SUV (unlicensed copy of the Isuzu Rodeo LS/Opel Frontera), which was just a huge failure of the Chinese machine (in this case sold in the Netherlands and Belgium literally dumping price €15 000).

Chinese hack got zero points out of five for the protection of the cabin, which was so bad that even airbags were useless, because the passenger compartment was completely destroyed in a collision with an obstacle at speed of 64 km/h. moreover, this failure is a manufacturer from China left an indelible stain on the reputation of the entire Chinese automotive industry, which since then have not managed to go significantly to break into the European market (excluding the CIS countries), although even these already quite safe "five star" model as Quoros 3 and Borgwart BX7.
So now Landwing are to try their luck only with electric cars..