|SEHK: 2238, SSE: 601238|
|Qing Hong Zheng (Chairman) (acting)|
|2,100,000 units (2021) |
|Revenue||RMB 12,964,000,000 (2012)|
|RMB 1,134,000,000 (2012)|
|Parent||Guangzhou Automobile Industry Group|
GAC Changfeng Motor
|Literal meaning||Guangzhou Automobile Group Co., Ltd.|
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.
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. was founded in 1955, and in 2005 become a holding of Guangzhou Automobile Industry Group and a joint-stock company. As of 2009 it was the 6th-largest automaker in China.
In 2009, the company acquired 29% of the Chinese sport-utility vehicle maker Changfeng Automobile, becoming its biggest shareholder. GAC purchased the remaining portion of Changfeng in 2011 completing its acquisition of the company.
Previously a backdoor listing via Denway Motors, GAC became listed under its own name on the Stock Exchange of Hong Kong in 2010. In that year shareholders of Denway Motors approved its privatization by GAC. Denway Motors was subsequently delisted on 25 August 2010 and replaced by Guangzhou Automobile Group (SEHK: 2238) on 30 August 2010 via stock swap.
2011 saw the company retain its position as the sixth-largest Chinese automaker by production volume, with GAC making 740,400 vehicles in that year.
In early 2012, the company was listed on the Shanghai Stock exchange.
Trumpchi is an automotive marque owned by GAC Group and launched in December 2010.
Changfeng Motor (Leopaard) (discontinued)
In 2009, GAC owned 29% ownership of this SUV-maker a purchase supposedly imposed by the Chinese state as a condition of a then-upcoming joint venture with Fiat. GAC completed its acquisition of Changfeng in 2011. In 2012 Changfeng Group began moves to re-enter the vehicle business culminating in the move to a new headquarters in Changsha in January 2013 and the establishment of a new subsidiary, Hunan Liebao Automobile Co. Ltd., alongside the continuing Anhui Changfeng Yangzi Automobile Manufacturing Co., Ltd., to oversea manufacturing and marketing of vehicles under the Liebao or "Leopaard" brand.
Leopaard CS3 BEV
Gonow (officially Zhejiang Gonow Auto Co., Ltd.) is a Chinese manufacturer of automobiles, commercial vehicles and SUV's headquartered in Taizhou, Zhejiang and a subsidiary of GAC Group. It markets its products under the brand name GAC Gonow in China and as Gonow in other markets.
Gonow Way M1
Joint venture brands
Guangqi Honda is a 50:50 joint venture between GAC and Honda, which has been making a number of Honda and Acura-branded vehicles for the Chinese market since 1999. It started sales of its own brand, Everus in 2011.
Everus S1 (facelift)
Everus VE-1 EV
GAC Toyota Motor Co., Ltd. is a 50:50 joint venture between GAC and Toyota Motor Company which manufactures Toyota vehicles for the Chinese market. It was founded in 2004 and is headquartered in Guangzhou.
GAC Hino is a joint venture between Hino and GAC aimed at producing Hino-based trucks.
Former joint ventures
Guangzhou Isuzu Bus Co., Ltd. was a coach manufacturing joint venture between GAC (51%), Isuzu Motors (33.67%) and Isuzu (China) Investment Co., Ltd. (15.33%) that was established on 6 March 2000. Isuzu light trucks and buses were also built by Guangzhou Yangcheng Automobile (羊城汽车), a joint venture with Hong Kong China Lounge Logistics. Their light trucks are based on the Isuzu Elf and are marketed under the "YCACO" brand. Yangcheng's various bus building operations were merged with Guangzhou Isuzu Bus and Denway into the Guangzhou Bus Co., Ltd. in September 2008. At the same time, Guangzhou Yangcheng's truck making arm was merged into Guangzhou Hino.
One of the first Sino-western joint venture auto-making companies, Guangzhou Peugeot Automobile Co. Ltd. was a joint venture set up by PSA Peugeot Citroën and the Guangzhou Municipal government between 1985 and 1997. Over its eleven-year lifespan, the company produced about 100,000 cars.
GAC Stellantis/Fiat Chrysler
Fiat signed on to a joint venture with GAC on 6 July 2009, and GAC FIAT Automobiles Co Ltd was incorporated on 9 March 2010. The new company has a production base in Changsha, Hunan Province, that opened on 28 June 2012 to manufacture the Fiat Viaggio.
Trumpchi made its first appearance at the North American International Auto Show in Detroit in January 2013, where the Trumpchi E-Jet concept made its world debut. In 2017, the company returned and showed three SUVs and two sedans. In January 2018, Trumpchi brought five new models and a concept SUV, the Enverge. GAC established research and development teams in Silicon Valley and Los Angeles in 2017 and 2018, respectively.
On 15 May 2015, GAC Group launched a ceremony to celebrate the opening of its Lebanese office under Bazerji Motors SAL. On 29 May 2015, GAC Group partnered with Doha Marketing and Services Company (DOMASCO), to market and sell their vehicles to the local customers in the Middle East.
On 20 November 2020, GAC Group established a branch in Chile.
|Year of Introduction||Territory||Brands||Local Partner||References|
|May 2014||Lebanon||GAC Motor||Bazerji Motors Sal|||
|November 2014||Nigeria||GAC Motor|||
|October 2018||United Arab Emirates||GAC Motor||Gargash Group|||
|November 2018||Philippines||GAC Motor||Legado Motors Inc. (LMI)|||
|November 2018||Saudi Arabia||GAC Motor||Al Jomaih Automotive|||
|August 2019||Cambodia, Laos, Panama||GAC Motor||TH Group (Cambodia), VK Group, Laos Group Auto Commercial (Panama)|||
|May 2019||Ecuador||GAC Motor||Impofactor CA|||
|December 2019||Russia||GAC Motor|||
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