China Motor Corporation

China Motor Corporation
China Motor Corporation
Hanyu Pinyin	Zhōnghuá Qìchē Gōngyè
Hakka
Romanization	Chûng-fà Hi-chhâ Kûng-ngia̍p
Southern Min
Hokkien POJ	Tiong-hoa Khì-chhia Kang-gia̍p

China Motor Corporation
中華汽車工業股份有限公司
	Yulon Motor
Website	www.china-motor.com.tw

China Motor Corporation (CMC;

automobile manufacturer based in Taipei, Taiwan

.

History

It was founded in June 1969, and signed a technology sharing contract with Mitsubishi Motors the following year. On 12 December 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.^[1]

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, two in Yangmei and one in Hsinchu.^[1]

The company has been listed on the

Yulon Motor

Group.

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

minivans

for the mainland market.

13.97 percent of the company is owned by Mitsubishi.^[2] All of CMC's models are of Mitsubishi origins, adjusted to appeal for the Taiwanese market.

Since June 2007, CMC is participated in the

Fujian Daimler