GAC Group
Guangzhou Automobile Group Co., Ltd. (GAC Group) is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. Founded in 1954, it is currently the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021.
| Company type | Public |
|---|---|
Traded as | SEHK: 2238, SSE: 601238 |
| Industry | Automotive |
| Founded | 1955 |
| Headquarters | , China |
Area served | China |
Key people | Qing Hong Zheng (Chairman) (acting) |
| Products | Commercial vehicles Passenger cars Buses Automotive components |
Production output | 2,100,000 units (2021) |
| Services | Vehicle leasing After-sale services Vehicle finance |
| Revenue | RMB 12,964,000,000 (2012) |
Net income | RMB 1,134,000,000 (2012) |
| Parent | Guangzhou Automobile Industry Group |
| Divisions | Trumpchi Aion |
| Subsidiaries | Denway Motors GAC Bus GAC Changfeng Motor |
| Website | gac.com.cn |
| GAC Group | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 广州汽车集团股份有限公司 | ||||||
| Traditional Chinese | 廣州汽車集團股份有限公司 | ||||||
| Literal meaning | Guangzhou Automobile Group Co., Ltd. | ||||||
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The company produces and sells vehicles under its own branding, such as Trumpchi, Aion, Hycan as well as under foreign-branded joint ventures such as GAC Toyota, GAC Honda, and GAC Mitsubishi. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as Aion and Hycan. It produces buses under the GAC Bus brand. Other brand names associated with GAC are Everus, for consumer vehicles, and Hino.
In 2021, GAC was the fourth largest Chinese plug-in electric vehicle manufacturer in the Chinese market, with 4% of market share. It sold 123,660 units of EVs in 2021, and over 20,000 units in March 2022, with plans to double EV production capacity to 400,000 a year by December 2022.