Monday, June 10, 2024

Guangzhou Automobile Group Co., Ltd.

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Nyongesa Sandehttps://bizmart.africa
Nyongesa Sande is a Kenyan blogger, Pan Africanist,c olumnist Political Activist , blogger, informer & businesman who has interest in politics, governance, corporate fraud, human rights and television personality.

Guangzhou Automobile Group Co., Ltd. (GAC Group) is a Chinese state-owned automobile manufacturer headquartered in GuangzhouGuangdong. Founded in 1954, it is currently the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021.

Websitegac.com.cn

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, it 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.

Guangzhou Automobile Group Co., Ltd. (GAC Group) history, profile and corporate video

   Guangzhou Automobile Group Co., Ltd. (abbreviated as GAC Group) is a Chinese automobile maker headquartered in Guangzhou, Guangdong, China. It was incorporated in June 1997, and become a holding of Guangzhou Automobile Industry Group in 2005.

   In 2007, the GAC group comprehensively pushed ahead with its independent brand construction.

   In 2013, the international business department and arrange for overseas export business was established.

In 2019, GAC MOTOR set up its first overseas company, GAC MOTOR Rus Co., LTD., and GAC MOTOR (Hong Kong) completed company registration.

OPERATIONS


   GAC Group operates through the following business sectors: Auto R&D, Vehicles, Parts & Components, Trade Services, Financial Services, and Transportation.

Auto R&D

  • GAC R&D Center

Vehicles

  • GAC Honda
  • GAC Motor International
  • GAC Aion
  • GAC Hino
  • GAC Toyota
  • GAC Mitsubishi
  • GAC Nio New Energy
  • GAC FCA
  • GAC Motor
  • GAC Byd New Energy Bus
  • Wuyang Honda Motors

Parts & Components

  • GAC COMPONENT
  • GAC TOYOTA ENGINE
  • SHANGHAI HINO ENGINE
  • GAC-CATL Power Battery System Co.
  • GAC-CATL Power Battery Co. Ltd.,

Trade Services

  • GAC BUSINESS
  • DIGITAL SCIENCE
  • Tong Fang Global (Tianjin)
  • Logistics(TFGL)

Financial Services

  • GAC-SOFINCO AUTO FINANCE
  • GAC CAPITAL
  • CHINA LOUNGE
  • GAC FINANCE
  • URTRUST INSURANCE

   GAC MOTOR has set up overseas distribution in over 25 countries from five major regions.

With more than 93,000 employees, Guangzhou Automobile Group Co., Ltd. (GAC Group) is considered one of the largest automobile makers in China. According to Forbes, it is considered one of the Largest Public Companies in the World.

*Information from Forbes.com, Wikipedia.org, and www.gac-motor.com/en.

**Video published on YouTube by “Sergey Karpenko“.

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