GAC Group
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| State-owned enterprise | |
| Traded as | : 2238, : |
| Industry | Automotive |
| Founded | 1997 |
| Headquarters | Guangzhou, Guangdong, China |
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Area served
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China |
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Key people
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Mr. Zhang Fangyou (Chairman) |
| Products | Commercial vehicles Passenger cars Buses Automotive components |
| Services | Vehicle leasing After-sale services Vehicle finance |
| Revenue | CN¥ 12,964,000,000 (2012) |
| CN¥ 1,134,000,000 (2012) | |
| Parent | Guangzhou Automobile Industry Group |
| Divisions | Trumpchi |
| Subsidiaries |
Denway Motors GAC Bus GAC Changfeng Motor GAC Gonow (51%) |
| Website | http://www.gagc.com.cn/2012english |
| GAC Group | |||||||
| Simplified Chinese | 广州汽车集团股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 廣州汽車集團股份有限公司 | ||||||
| Literal meaning | Guangzhou Automobile Group Co., Ltd. | ||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Guǎngzhōu Qìchē Jítuán Gǔfèn Yǒuxiàn Gōngsī |
GAC Group (officially Guangzhou Automobile Group Co., Ltd.) is a Chinese automobile maker headquartered in Guangzhou, Guangdong, and a subsidiary of Guangzhou Automobile Industry Group.
GAC sells passenger cars under the Trumpchi brand, passenger cars and commercial vehicles under the Gonow brand, SUVs under the Changfeng Motor brand, and buses under the GAC Bus brand. GAC produced 728,000 vehicles in 2012, the tenth-largest output of any Chinese automaker in that year. In the same year it was 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 although it is outside the top ten commercial vehicle makers in China.
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.
Guangzhou Automobile Group Co., Ltd. was founded in 1997, and in 2005 become a holding of Guangzhou Automobile Industry Group and a . 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 (: 2238) on 30 August 2010 via .
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