CHINA MOTOR Business Summary

China Motor Corporation (CMC) operates a diversified automotive business model centered on the manufacturing, assembly, and distribution of commercial and passenger vehicles, alongside the sale of parts and after-sales services. Its revenue is primarily derived from three segments: the production of proprietary CMC-branded light commercial vehicles (LCVs), the assembly of Mitsubishi-branded models through a long-standing technical partnership, and the distribution of the MG brand, which has significantly expanded its market footprint in the SUV category. The company is also a pioneer in Taiwan’s electric vehicle sector through its "e-moving" electric two-wheeler division and its push into localized New Energy Vehicle (NEV) production. CMC maintains a top-three market position in Taiwan, competing directly with Hotai Motor (Toyota/Lexus), Yulon Motor (Nissan/Luxgen), and Sanyang Motor (Hyundai). While Hotai leads in total volume, CMC holds a dominant share of the domestic LCV market and leverages its multi-brand strategy to capture the growing demand for tech-integrated passenger cars. Originally founded in 1969 by Tjing-Ling Yen as a cornerstone of the Yulon Group, the company is currently led by Chairperson Lilly Yen (Yen Chen Li-lien), who has been instrumental in modernizing the group’s portfolio and driving its electrification strategy. The executive management is headed by President Hsin-Cheng Tseng, a veteran of the firm who was appointed in April 2025 to oversee operational integration and the expansion of the company’s multi-brand manufacturing capabilities. CMC’s strategic direction is further guided by a board that includes significant representation from Mitsubishi Motors Corporation, which remains a key institutional investor and technology partner. The leadership team’s pedigree is rooted in the Yulon Group’s extensive industrial ecosystem, combining decades of manufacturing expertise with a renewed focus on digital transformation and sustainable mobility solutions.