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  Behind the senior personnel change of GAC: the promotion of independent brand and new energy status

  GAC GROUP announced that the leading cadres of the group headquarters and some enterprises will be adjusted from August 1. The main adjustments are as follows: Feng Xingya, general manager of GAC GROUP, concurrently served as chairman of GAC NE; Liu Wei, secretary of the party committee of GAC MOTOR, concurrently served as head of GAC GROUP's vehicle department; Hu Su, chairman of Dasheng Science and Technology, also served as head of GAC GROUP's data and information department; Zhang Yuesai, former chairman of Guangzhou Automobile Business and Trade, took over as general manager of GAC MOTOR. Yu Jun stepped down as chairman of New Energy and general manager of GAC MOTOR and became the head of GAC GROUP International Business Department. For this personnel adjustment, GAC GROUP said, "this is to deepen the organizational structure."

  New Energy Guangzhou Automobile Promotion Brand Independence 2019-08-02
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  GAC GROUP has undergone a personnel change! Zhang Yuesai will be general manager of GAC MOTOR.

  P.p1 p.p2 p.p3 p.p4 p.p5 p.p6 p.p7 p.p8 span.s1 span.s2 span.s3 according to domestic reports, this afternoon GAC GROUP will announce a series of personnel adjustments, involving GAC MOTOR, GAC NE, vehicle Division and other business sectors. The main adjustments are as follows: Zhang Yuesai as general manager of GAC MOTOR, Yu Jun as head of the international business department of GAC GROUP, no longer as chairman of GAC NE and general manager of GAC MOTOR, Feng Xingya as chairman of GAC NE, and Liu Wei as Guangzhou Automobile.

  Passenger car Guangzhou Automobile General Manager as 2019-07-31
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  GAC GROUP senior adjustment: Yu Jun leaves office, Zhang Yuesai takes over as general manager of GAC MOTOR

  GAC GROUP announced a major reshuffle and changes in a number of management positions. Yu Jun stepped down as chairman of GAC NE and general manager of GAC MOTOR and became the head of GAC GROUP's international business department; Zhang Yuesai, former chairman of Guangzhou Automobile Business, took over as general manager of GAC MOTOR; Feng Xingya, general manager of GAC GROUP, also served as chairman of GAC NE; Liu Wei, secretary of the party committee of GAC MOTOR, also served as the head of the headquarters of GAC GROUP's vehicle business. Hu Su, chairman of Dasheng Technology, is also the head of GAC GROUP's data and Information Department. GAC GROUP said in response to the announced personnel adjustment that this is an important part of deepening organizational reform and will help.

  Passenger car GAC GROUP Guangzhou Automobile General Manager Group 2019-07-31
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  Guangzhou Auto Fick went bankrupt and was collectively protected by 26 dealers. Official response

  GAC GROUP responded to the online exposure of "the bankruptcy of Guangzhou Auto Fick triggered the collective protection of the rights of 26 dealers". GAC GROUP said that as a state-owned holding enterprise and one of the shareholders of GAC Fick, GAC GROUP will actively support its creditor's rights and debts to be dealt with in accordance with the law.

  Fick Group Fiat sales Fiat Brand Dealer Company Automobile problem domestic Clay Chrysler Enterprise announcement 2022-11-15
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  Liquidation and cancellation of GAC GROUP holding subsidiary!

  On June 8, GAC GROUP announced that the board of directors of the company had examined and passed the "motion on liquidation and cancellation in the GAC era" and agreed that due to the changes in the market environment and the development and progress of battery production technology, according to the relevant provisions of existing laws and regulations, to the holding subsidiary GAC Times Power Battery system Co., Ltd. (hereinafter referred to as "GAC era")

  Battery time company group power Ningde system automobile technology limited limited market new energy production holding 2023-06-09
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  Joint venture brands declined collectively, and the profits of hundreds of billions of car companies halved.

  On the evening of August 25th, GAC GROUP released his 2023 interim performance report. According to the financial report, the group's operating income in the first half of the year was 61.911 billion yuan, an increase of 27.16% over the same period last year; the net profit belonging to shareholders of listed companies was 2.966 billion yuan, down 48.42% from the same period last year; belonging to listed companies

  Sales volume group brand automobile growth market new energy China Mitsubishi Honda car use target Toyota Changan company 2023-08-26
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  GAC listed to sell shares in its subsidiaries, and co-founded cars may take over.

  Recently, GAC GROUP announced that GAC MOTOR Co., Ltd., a wholly-owned subsidiary (hereinafter referred to as "GAC MOTOR"), will transfer its 49% stake in GAC MOTOR (Hangzhou) Co., Ltd., a wholly-owned subsidiary, through the Guangzhou property Exchange. The reserve price of the public listing transaction shall be no less than 1.2388083 billion yuan (subject to the results of the archived evaluation report) as the basis. At the same time, GAC MOTOR (including related parties) will transfer the 246.0322 million yuan held by GAC MOTOR (Hangzhou) Co., Ltd. by agreement.

  Hechuang Automobile 2021-11-16
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  All of a sudden! Guangzhou Auto Fick filed for bankruptcy

  Shareholders of Guangzhou Auto Fick, GAC GROUP and Stellantis have approved a resolution authorizing Stellantis, the world's fourth-largest carmaker, to file for bankruptcy at a loss, according to a notice posted on the website of the world's fourth-largest carmaker. Stellantis Group in

  Fick Group Company Fiat Brand sales Fiat Automobile Operation China announcement Limited Limited assets loss 2022-10-31
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  Stellantis announced that it would increase its stake in GAC Fick, and as a result, GAC was "hit in the face".

  On the afternoon of January 27th, Stellantis Group announced on its official website that it plans to increase its stake in the joint venture Guangzhou Auto Fick to 75% from the current 50%. GAC GROUP and Stellantis Group have agreed to the relevant procedures of the transaction, but still need to be approved by regulators. However, GAC GROUP issued a "hit in the face" announcement that night. GAC GROUP said in the announcement: "GAC GROUP learned of his announcement on the equity adjustment of Guangzhou Auto Fick from the official website of Stellantis. This release has not been approved by us, and the two sides have not yet signed the formal equity adjustment of Guangzhou Auto Fick."

  GAC GROUP Guangzhou Auto Fick 2022-01-28
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  One day the brand is rumored to be about to be delisted.

  On October 5, Japanese media reported that Japan's Mitsubishi Motors decided to formally stop producing cars in China. At the same time, the report also revealed that Japan's Mitsubishi Motors may withdraw its investment in the local joint venture with GAC GROUP, but the joint venture with GAC GROUP may be retained. In terms of factories, GAC-Mitsubishi's domestic factories

  Mitsubishi sales Market Automobile Factory Group China Company Product Model production official Outlander Japan Changsha 2023-10-06
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  I feel bad! The sales of GAC joint venture brands have declined continuously.

  On September 8th, GAC GROUP released the latest production and marketing KuaiBao. According to the data, GAC GROUP sold 196800 cars in August, 9.68 per cent higher than the same period last year. In terms of specific brands, among the joint venture brands, GAC Honda sold 42500 vehicles, down 40.22% from the same period last year, compared with 70600 for GAC Toyota.

  Brand sales group market model growth car target Toyota Honda car China listed company China watch company 2023-09-09
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  GAC GROUP's January sales reached 209700, a slight drop of 0.21%.

  A few days ago, GAC GROUP announced the sales for January 2019. Data show that GAC GROUP sold 209709 cars in January, down 0.21% from a year earlier. From a brand point of view, GAC GROUP's best-selling brand is still its Japanese cars Guangzhou Auto Honda and Guangzhou Automobile Toyota, of which Guangzhou Automobile Honda's terminal sales in January were 73617, up only 1.61%; Guangzhou Auto Toyota achieved a substantial increase of 74.82% with 79700 vehicles; GAC MOTOR's terminal sales in January were 55900, up 45.16% from a year earlier; and GAC MOTOR's remaining January terminal sales were 338.

  Sales volume GAC GROUP 2019-02-17
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  What a surprise! Guangzhou Auto Fick produced only 35 vehicles in February.

  Guangzhou Auto Fick

  Guangzhou Auto Fick 2022-03-13
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  The latest sales of GAC, Toyota plummeted 40%

  Recently, GAC GROUP disclosed the latest automobile production and sales data, showing that production and sales in September were 161152 and 164337 respectively, down 28.12% and 24.63% respectively from the same period last year. At that time, production and sales of gold, silver and silver fell by 1/4. GAC GROUP's situation is not optimistic. Affected by the shortage of chips, GAC GROUP's sales have declined for four consecutive months compared with the same period last year. Specifically, GAC Honda sales fell 17.92 per cent year-on-year to 72054 vehicles in September, while GAC Toyota sales fell 40.37 per cent to 48300 vehicles. As we all know, Guangzhou Auto Toyota and Guangzhou Automobile Honda are GAC GROUP's main sales.

  GAC GROUP 2021-10-10
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  Jeep lost to China, zero run / BYD plans to take over

  On July 18th, Stellantis Group announced: "Stellantis will adopt a light asset approach to develop the Jeep brand in China, and negotiate with GAC GROUP to terminate the local joint venture. After that, Stellantis Group will focus on distributing the Jeep brand in China.

  Group Fick Automotive Fiya Factory Fiat Changsha production China Brand Biya Company sales Market Model 2022-07-22
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  Stopped production? In March, the Jeep brand produced only one car.

  Recently, Guangzhou Automobile Group Co., Ltd. (hereinafter referred to as "GAC GROUP") released production and marketing KuaiBao in March. Data show that GAC GROUP's production and sales in March 2022 were 227600 and 227500 respectively, an increase of 24.4% and 30.7% respectively over the same period last year. In addition, GAC GROUP's cumulative production and sales volume in the first quarter were 598100 and 608200 respectively, up 25.0% and 22.5% respectively over the same period last year. From a brand point of view, "Liangtian" is still GAC GROUP's sales pillar. Data show that in March, Guangzhou Auto Toyota sales rose 41.00% year-on-year to 97000 vehicles, the first quarter.

  Guangzhou Auto Fick 2022-04-10
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  GAC GROUP's semi-annual report in 2019: revenue was 168.685 billion yuan, down 2.27% from the same period last year.

  GAC GROUP released the 2019 semi-annual report, according to its data, GAC GROUP, together with joint ventures and joint ventures, achieved a total operating income of about 168.685 billion yuan, down 2.27% from the same period last year. The combined operating income was about 28.351 billion yuan, down 23.79% from the same period last year. The net profit was about 4.919 billion yuan, a decrease of about 28.85% over the same period last year. In terms of sales, in the first half of this year, GAC GROUP achieved auto production and sales of 948200 and 999600 respectively, down 9.49% and 1.69% compared with the same period last year; terminal sales were 1.0228 million, up 6.79% from the same period last year.

  GAC GROUP Guangzhou Automobile Group 2019-08-31
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  GAC GROUP aims to sell 2.22 million vehicles in 2019, relying on the joint venture brand "Liangtian" to maintain growth?

  GAC GROUP, which owns Guangzhou Auto Toyota, Guangzhou Automobile Honda, Guangzhou Auto Fick, Guangzhou Automobile Mitsubishi, GAC MOTOR and other brands, achieved a total sales of 2.1479 million vehicles in 2018 and set a sales target of 2.225 million vehicles in 2019, only a slight increase. GAC GROUP's cumulative sales in 2018 reached 2.1479 million, an increase of 7.34% over the same period last year, mainly from joint venture brands. Among them, GAC Honda sold 741400 vehicles, up 5.16%, GAC Toyota sold 580000 vehicles, up 31.11%, and GAC Mitsubishi sold 144000 vehicles, up 22% from the same period last year.

  Sales target GAC GROUP 2019 Guangzhou Automobile 2019-04-01
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  GAC-Mitsubishi joint venture stock ratio adjustment, official response

  According to media reports, the equity ratio of Guangzhou Auto-Mitsubishi, a joint venture between GAC GROUP and Mitsubishi of Japan, has changed, with GAC GROUP's shareholding falling from 50 per cent to 6.3431 per cent, Mitsubishi Commercial Co., Ltd. from 20 per cent to 92.4705 per cent and Mitsubishi Automotive Industry Co., Ltd. from 30 per cent to 1.1864 per cent. In response to the above reports, GAC GROUP related sources said that "(the above news) is a media report error." As of press time, the auto industry focused on inquiries and other platforms, and did not find the equity changes in the above reports.

  GAC Mitsubishi 2022-01-22
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  Weilai officially quit!

  According to Qixinbao, shareholders of Hechuang Automotive Technology Co., Ltd. (hereinafter referred to as "Hechuang Automobile") have changed. Shanghai Ulai Automobile Co., Ltd. withdrew from the list of shareholders of the company, with 4.5% of its shares before withdrawal. At this point, the cooperation between Weilai Motor and GAC GROUP ends here. According to the data, the predecessor of Co-Chuang Automobile is

  Automobile company brand limited limited group market car Hefei investment capital products new energy Hangzhou development 2022-08-29