|Traded as||SEHK: 2238, SSE: 601238|
|Mr. Zhang Fangyou (Chairman)|
|Revenue||CN¥ 12,964,000,000 (2012)|
|CN¥ 1,134,000,000 (2012)|
|Parent||Guangzhou Automobile Industry Group|
GAC Changfeng Motor
GAC Gonow (51%)
|Literal meaning||Guangzhou Automobile Group Co., Ltd.|
GAC sells passenger cars under the Trumpchi brand, passenger cars and commercial vehicles under the Gonow brand (now discontinued), SUVs under the Changfeng Motor brand, electric cars under the Aion brand, and buses under the GAC Bus brand. GAC produced 728,000 vehicles in 2012, and is the tenth largest in volume. It is the sixth-largest producer of passenger cars among Chinese automakers. While the company is primary focused on consumer vehicles, it does make large passenger buses and commercial trucks.
GAC is currently known for its Honda-branded auto producing joint venture with this Japanese automaker, but the company has a total of five foreign partners—more than most Chinese automakers. These partnerships allow it to produce foreign-branded products for sale in China. These brands include: Fiat, Honda, Isuzu, Mitsubishi, and Toyota. Other brand names associated with GAC are Everus, for consumer vehicles, and Hino.
- 1 History
- 2 Subsidiaries and divisions
- 3 Product gallery
- 4 Current joint ventures
- 5 Former joint ventures
- 6 Markets outside of China
- 7 Sponsorships
- 8 References
- 9 External links
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.
Subsidiaries and divisionsEdit
GAC New EnergyEdit
Vehicles built by and sold by GAC NE:
- Aion S, a compact electric sedan.
- Aion LX, a compact electric crossover.
- Trumpchi GE3, a five-door subcompact electric crossover.
Vehicles built by Trumpchi and sold by both Trumpchi and GAC NE:
- Trumpchi GA3S PHEV, a subcompact plugin hybrid sedan.
- Trumpchi GS4 EV, a compact electric crossover.
- Trumpchi GS4 PHEV, a compact plugin hybrid crossover.
Changfeng Motor (Leopaard)Edit
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.
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.
Trumpchi is an automotive marque owned by GAC Group which was launched in December 2010. The following Trumpchi vehicles are currently available in China:
- Trumpchi GA3/GA3S, a subcompact sedan, including the PHEV model
- Trumpchi GA4, a compact sedan
- Trumpchi GA5, a compact sedan, including the GA5 REV, a range extender electric vehicle
- Trumpchi GA6, a mid-size sedan
- Trumpchi GA8, a full-size sedan
- Trumpchi GM6, a compact MPV
- Trumpchi GM8, a minivan
- Trumpchi GS3, a subcompact crossover, including the GE3 electric model built by GAC NE
- Trumpchi GS4, a compact crossover, including the EV and PHEV models
- Trumpchi GS5/GS5 Super, a compact crossover
- Trumpchi GS7, a mid size sport utility vehicle
- Trumpchi GS8, a full size sport utility vehicle
GAC New Energy (Aion)Edit
Guangqi Honda (Everus)Edit
Current joint venturesEdit
GAC Fiat ChryslerEdit
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 Dodge-Dart -based Fiat Viaggio.
Guangqi Honda is a 50:50 joint venture between GAC and Honda, which has been making a number of Honda-branded vehicles for the Chinese market since 1999. In 2011 it started sales of its own brand, Everus.
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.
Former joint venturesEdit
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.
Guangzhou Peugeot AutomobileEdit
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.
Markets outside of ChinaEdit
This section needs expansion. You can help by adding to it. (May 2019)
In 2015 GAC Group partnered with Doha Marketing and Services Company (DOMASCO), to market and sell their vehicles to the Qatari customers.
On November 7, 2018, GAC Group entered the Philippines, with President Rodrigo Duterte welcoming the partnership between the manufacturer and distributor Legado Motors Inc. (LMI), which is owned by Narvacan Mayor Chavit Singson.
In 2018, GAC Group partnered with Al Jomaih Automotive to launch the GAC Group manufactured vehicles in Saudi Arabia.
In Lebanon the GAC Group’s Trumpchi GS8 SUV is sold by Bazerji Motors Sal.
GAC Group has been very vocal about their US expansion plans. They were initially planning to launch their first product for the US market: Trumpchi GS8 SUV, by late 2019,but, during the 2019 Detroit Auto Show they announced delays to their sales plans to the first half of 2020. On May 22nd 2019, due to the worsening China-US trade tensions, an indefinite postponement of their US market plans was announced.
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- "Annual Report 2012" (PDF). Guangzhou Automobile Group Co., Ltd. 2012. Retrieved 2014-02-18.
- Home > About us > Company Profile Archived 2012-04-15 at the Wayback Machine Guangzhou Automobile Group Co Ltd Official Site
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- Company Profile[dead link] Guangzhou Automobile Group Official Site (Text-only Google cache)
- Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot
- Joanne Chiu and Norihiko Shirouzu (2010-07-16). "Denway Motors's Shareholders Approve Share Swap". The Wall Street Journal.
- Lee, Carmen (February 10, 2012). "GAC Group's application to acquire Changfeng gains written approval". Automotive News. gasgoo.com. Archived from the original on December 2, 2013. Retrieved June 23, 2012.
- "Denway Motors gets nod for privatisation". Reuters.com. 2010-07-16. Retrieved 2010-10-25.
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- "LieBao Vehicle official website".
- "广汽菲亚特" [Guangzhou Automobile Fiat]. Gacfiatauto.com. 2012-04-03. Archived from the original on 2012-04-21. Retrieved 2012-04-13.
- Rowley, Ian (2009-07-07). "Fiat Focuses on China". businessweek.com.
- Company Profile Archived 2012-03-22 at the Wayback Machine GAC Fiat Official Site
- Han, Tianyang (2009-11-30). "GAC-Fiat ceremony heralds joint venture". China Daily. Retrieved 2016-08-12.
- "Fiat opens new Chinese plant to produce Viaggio". MSNBC. 2012-06-28. Retrieved 2012-07-10.[dead link]
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- For start of operations, see "Production and Sales of Pajero Sport Midsize SUV Begins in China". Press Release. Mitsubishi Motors. September 30, 2013. Retrieved 10 October 2013.
- For 2010 MoU, see "Mitsubishi, GAC Sign Joint Venture MOU, to Build ASX Compact SUV". ChinaAutoWeb.com.
- "GAC-Toyota rolls off one millionth car in China". China Automotive Review. 2011-09-08. Retrieved 2012-04-12.
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- "Guangzhou Auto's bus company unveiled". China Daily. 2008-09-18. Retrieved 2014-01-08.
- Changing lanes in China: foreign direct investment, local government, and auto sector development (page 137) Eric Thun. Cambridge University Press, 2006. 326 pages.
- China CEO: a case guide for business leaders in China (page 78) Juan Antonio Fernandez, Liu Shengjun. John Wiley and Sons, 2007. 286 pages.
- China CEO: a case guide for business leaders in China (page 86) Juan Antonio Fernandez, Liu Shengjun. John Wiley and Sons, 2007. 286 pages.
- Fernandez and Liu, p. 79
- Changing lanes in China: foreign direct investment, local government, and auto sector development (page 138) Eric Thun. Cambridge University Press, 2006. 326 pages.
- "Launch Ceremony of GAC MOTOR in Qatar, Targeting the Middle East as Key Market". www.businesswire.com. 2015-05-29. Retrieved 2019-12-21.
- "President Duterte graces GAC Motor launch, assures investors PH is business-friendly". Presidential Communications Group (Philippines). 2018-11-07. Retrieved 2019-03-27.
- Subido, Paulo Rafael (2018-11-07). "Chavit Singson is the new distributor of GAC Motor in PH. Here are the prices". Top Gear Philippines. Summit Media. Retrieved 2019-06-26.
- "Aljomaih Automotive celebrates the launch of GAC Motor in Saudi | Motory Saudi Arabia". ksa.motory.com. Retrieved 2019-12-21.
- "Strive for More: GAC MOTOR Announces Brand and GS8 Launch in Russia". finance.yahoo.com. Retrieved 2019-12-21.
- "Trumpchi GS8 SUV (2019) Starting at USD 38,739 (VAT Included) - Buy Car". Automarket.com.lb. Retrieved 6 July 2019.
- "Zotye: Compact crossover coming to U.S." Automotive News. 2019-05-02. Retrieved 2019-05-08.
- Vijayenthiran, Viknesh (2017-11-28). "GAC motor to enter U.S. market in 2019 with Trumpchi GS8 SUV". Motor Authority. Retrieved 2019-03-18.
- LeBeau, Phil (2019-01-14). "Chinese automaker GAC motor delays plans to sell in US until 2020". CNBC. Retrieved 2019-12-21.
- "China's GAC Motor delays U.S. entry on trade frictions". Automotive News. 2019-05-22. Retrieved 2019-12-21.
- "GAC Group deepens table tennis commitment". SportsPro. 2012-05-14. Retrieved 2012-05-17.