JAC Motors outlines 2025 plans amid 2024 losses

Anhui Jianghuai Automobile Group Corp (JAC Motors) has released materials for its 2024 annual shareholders meeting, detailing plans to navigate a challenging financial landscape. The company reported a full-year sales volume of 403,094 vehicles in 2024, a 7.42% decrease year-over-year, resulting in operating revenue of CNY 42.202 billion, a 6.25% decline. The company experienced a net loss attributable to shareholders of CNY -1.784 billion.