Guangzhou Automobile Group Co., Ltd.
Guangzhou Automobile Group Co., Ltd. (GAC or GA) was founded in 1997, and is headquartered in Guangzhou City, Guangdong, China. It is a joint-stock listed company whose shares are traded on the Shanghai Stock Exchange. GAC has become one of the leading automotive groups in China. It produces mainly passenger vehicles, commercial vehicles, and electronic components, as well as new energy vehicles, transport and logistics. The Group is committed to develop high-quality and “green” products with its strong technological strength, excellent marketing capabilities and quality-oriented products. Its vision is to become a globalized and innovative auto enterprise, and become the most trusted auto brand.
Since the formation of GAC, it has obtained total investment and support from the central and regional governments, including over 33 billion yuan of state development funds. This made it possible for the Group to develop rapidly. Currently, GAC is a company that has extensive businesses, including automobile production and sales, commercial vehicles production and sales, real estate development and banking, automobile finance leasing and oil corporate, modern logistics and warehousing, automobile accessories production and sales, auto store franchise business and parts and components manufacturing.
The Group mainly focuses on passenger vehicles and light commercial vehicles and has developed a series of products such as SUVs, MPVs and pickups. The companys brands cover electric vehicles, premium passenger cars and luxury SUVs. Meanwhile, GAC is actively carrying out electric vehicle development and production, environmental protection and energy saving segments to promote green travel.
In recent years, GAC has obtained awards from Chinas top ten green enterprises and Chinas top 100 green companies. In order to further promote the development of green energy initiative and scientific progress, the Group has formed a joint venture with aluminium alloy production GAC Profine, to develop a range of new energy vehicles.
In the long-term development, GAC will make full use of its advantages and actively promote the transformation, relocation and reorganization of automobile industry. In addition, GAC will attach great importance to global resources and technology integration and strive to become a global auto enterprise. Over the next 10 years, GAC will focus on improving its core strength in areas such as automotive technology and production, new energy and intelligent network, continue to improve its product quality, seek in-depth development of the Groups business and capabilities. With steady and persistent effort and development, GAC will continue to strive for the realization of its vision to become the most trusted auto brand.
