China Motor Corporation
Encyclopedia
China Motor Corporation is an automobile manufacturer based in Taipei
, Taiwan
. It was founded in June 1969, and signed a technology sharing contract with Mitsubishi Motors
the following year. On December 12 1973 they opened their first manufacturing facility, in Yangmei. Initially vehicle production was at a rate of 300 vehicles per month, but thanks to rapid growth, and the development of an advanced painting facility, the factory produced its 100,000th vehicle in 1983.
Originally they only produced commercial vehicles, but have since expanded operations, producing more than 100,000 vehicles per year. Currently they operate three manufacturing plants, in the cities of Yang-Mei
, Hsin-Chu
, and Yu-Shih.
The company has been listed on the Taiwan Stock Exchange
since March 1991, and has repeatedly been recognized for its remarkable growth. In 1993 it was awarded the National Quality Award of Taiwan and were ranked first place in J.D. Power Asia-Pacific
's Sales Satisfaction Index in 2000 and 2001. They have also been awarded numerous accolades for exemplary working conditions in their manufacturing plants.
Since 1995, CMC has invested heavily in China's South East Motor Corporation, and have poised themselves to take advantage of China's economic growth.
In 2005, the company was given approval from the Chinese government, and signed an agreement with DaimlerChrysler
to produce minivans for the mainland market.
13.97 percent of the company is owned by Mitsubishi, and all of their models are revamped Mitsubishi designs, adjusted to appeal for the Taiwanese market except for Freeca and Veryca, which are entirely CMC designs and not based on Mitsubishi models.
Since June 2007, CMC is participated in the Fujian Daimler
joint venture.
Taipei
Taipei City is the capital of the Republic of China and the central city of the largest metropolitan area of Taiwan. Situated at the northern tip of the island, Taipei is located on the Tamsui River, and is about 25 km southwest of Keelung, its port on the Pacific Ocean...
, Taiwan
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...
. It was founded in June 1969, and signed a technology sharing contract with Mitsubishi Motors
Mitsubishi Motors
is a multinational automaker headquartered in Minato, Tokyo. In 2009 it was the fifth-largest Japan-based automaker and the 17th-largest in the world measured by production...
the following year. On December 12 1973 they opened their first manufacturing facility, in Yangmei. Initially vehicle production was at a rate of 300 vehicles per month, but thanks to rapid growth, and the development of an advanced painting facility, the factory produced its 100,000th vehicle in 1983.
Originally they only produced commercial vehicles, but have since expanded operations, producing more than 100,000 vehicles per year. Currently they operate three manufacturing plants, in the cities of Yang-Mei
Yangmei, Taoyuan
Yangmei is a county-controlled city in southern Taoyuan County of Taiwan . The traditional residents are Hakka people. The former township was upgraded to a city after passing 150,000 in population.-Geography:...
, Hsin-Chu
Hsinchu
Hsinchu City is a city in northern Taiwan. Hsinchu is popularly nicknamed "The Windy City" for its windy climate.Hsinchu City is administered as a special municipality within Taiwan . The city is bordered by Hsinchu County to the north and east, Miaoli County to the south, and the Taiwan Strait...
, and Yu-Shih.
The company has been listed on the Taiwan Stock Exchange
Taiwan Stock Exchange
The Taiwan Stock Exchange Corporation is a financial institution, located in Taipei 101, in Taipei, Taiwan. The TSEC was established in 1961 and began operating as a stock exchange on 9 February 1962...
since March 1991, and has repeatedly been recognized for its remarkable growth. In 1993 it was awarded the National Quality Award of Taiwan and were ranked first place in J.D. Power Asia-Pacific
J. D. Power
J.D. Power III is the founder of the marketing firm J. D. Power and Associates....
's Sales Satisfaction Index in 2000 and 2001. They have also been awarded numerous accolades for exemplary working conditions in their manufacturing plants.
Since 1995, CMC has invested heavily in China's South East Motor Corporation, and have poised themselves to take advantage of China's economic growth.
In 2005, the company was given approval from the Chinese government, and signed an agreement with DaimlerChrysler
DaimlerChrysler
Daimler AG is a German car corporation. By unit sales, it is the thirteenth-largest car manufacturer and second-largest truck manufacturer in the world. In addition to automobiles, Daimler manufactures buses and provides financial services through its Daimler Financial Services arm...
to produce minivans for the mainland market.
13.97 percent of the company is owned by Mitsubishi, and all of their models are revamped Mitsubishi designs, adjusted to appeal for the Taiwanese market except for Freeca and Veryca, which are entirely CMC designs and not based on Mitsubishi models.
Since June 2007, CMC is participated in the Fujian Daimler
Fujian Daimler Automotive
The Fujian Daimler Automotive Co., Ltd. is a joint venture betwenn the German Daimler AG with the Chinese state-owned Fujian Motors Group and the Taiwanese Mitsubishi Motors subsidiary China Motor Corporation.-History:...
joint venture.
Models produced
- Mitsubishi FreecaMitsubishi FreecaThe Mitsubishi Freeca is a compact MPV designed by Mitsubishi Motors and China Motor Corporation for the Asian market, and built in Taiwan, China and the Philippines, where it is known as the Mitsubishi Adventure. It was first released on September 11, 1997, and the 50,000th Freeca was manufactured...
(1998–present) - Mitsubishi GalantMitsubishi GalantThe first generation of the car, initially known as the Colt Galant, was released in December 1969. The design was dubbed "Dynawedge" by Mitsubishi, referring to the influence of aerodynamics on the silhouette. Three models were available, powered by the new 'Saturn' engine in 1.3 or 1.5 L ...
- Mitsubishi Global LancerMitsubishi LancerThe Mitsubishi Lancer is a family car built by Mitsubishi Motors. It has been known as the Colt Lancer, Dodge/Plymouth Colt, Chrysler Valiant Lancer, Chrysler Lancer, Eagle Summit, Hindustan Lancer, Soueast Lioncel, Mitsubishi Carisma, and Mitsubishi Mirage in various countries at different times,...
- Mitsubishi Grunder (2004–present)
- Mitsubishi SavrinMitsubishi SavrinThe Mitsubishi Savrin is a minivan produced and sold in Taiwan by Japanese automaker Mitsubishi Motors. The first generation was a locally assembled badge-engineered Chariot Grandis, while the second generation, introduced in June 2004, is based on a heavily revised Grandis platform.-Annual...
(2001–present) - Mitsubishi Space GearMitsubishi DelicaThe Mitsubishi Delica is a range of trucks and multi-purpose vehicles built by Mitsubishi Motors since 1968. It was originally based on a small pickup truck introduced the previous year, also called the Delica, its name a contraction of the English language phrase Delivery car...
- Mitsubishi Varica
- Mitsubishi Veryca
- Mitsubishi ZingerMitsubishi ZingerThe Mitsubishi Zinger is a MPV designed by Mitsubishi Motors in conjunction with the China Motor Corporation, based on the chassis of the Mitsubishi Challenger, and sold in Taiwan from December 24, 2005. The name derives from a "person or something full of energy and vitality"...
(2005–present) - Mitsubishi VirageMitsubishi LancerThe Mitsubishi Lancer is a family car built by Mitsubishi Motors. It has been known as the Colt Lancer, Dodge/Plymouth Colt, Chrysler Valiant Lancer, Chrysler Lancer, Eagle Summit, Hindustan Lancer, Soueast Lioncel, Mitsubishi Carisma, and Mitsubishi Mirage in various countries at different times,...
- Soueast Lioncel
- Soueast Delica
- Soueast Soveran