GAC Group(广汽集团)

Fast facts

Year Founded
1997
HQ Location
Guangzhou, Guangdong, China
Publicly Traded?
Yes
Overseas Operations
Yes
US Sanctions
No
Military Affiliation in China
No

Revenue

USD 8.7B
*Data based on Q3FY2021. RMB to USD conversion based on 3/22/22 rates.

Valuation

USD 21.4 B
*Valuation is reported as market capitalization. It was converted from HKD using the exchange rate from June 26, 2022 13:49:34.

Employees

93,745

This is the profile for a publicly listed company known as GAC, Inc. For the profile of the operating company associated with, but distinct from this company, click here: GAIG.

Guangzhou Automobile Group (GAC) is a Chinese automaker owned by the Guangzhou municipal government. In size, it usually ranks outside China’s “Big Four” automakers FAW, Dongfeng, Chang’an, and SAIC Motor. Established in 1997 with headquarters in Guangzhou, GAC is listed on the Hong Kong and Shanghai stock exchanges.

Its electric arm, known as Guangzhou New Energy Automobile, sells cars under the Aion brand.

Like other state-owned enterprises, GAC has established joint ventures with several foreign automakers, including Honda, Toyota, Mitsubishi, Isuzu, and Fiat Chrysler. Honda and Toyota cars account for about 70% of GAC’s total sales. GAC also sells its own brand of cars, the most popular known as Trumpchi.

GAC went public through a backdoor listing via Denway Motors on the HKSE, GAC became listed under its own name in August 2010 through a stock swap.

  • Zeng Qinghong (曾庆洪), Chairman of the Board
  • Feng Xingya (冯兴亚), CEO and Director
  • Guan Dayuan (管大源), Director
  • Ding Hongxiang (丁宏祥), Director
  • Liu Zhijun (刘志军), Director
  • Chen Xiaomu (陈小沐), Director
  • Zhao Fuquan (赵福全), Independent Director
  • Song Tiebo (宋铁波), Independent Director
  • Xiao Shengfang (肖胜方), Independent Director
  • Wang Keqin (王克勤), Independent Director
  • Chen Tian (陈恬), Interim Convener of the Supervisory Board
  • Cao Xiandong (曹限东), Supervisor
  • Huang Cheng (黄成), Supervisor
  • Shi Lei (石磊), Employee Supervisor
  • Huang Zhuo (黄卓), Employee Supervisor
  • Wang Lu (王路), Employee Supervisor
  • Wu Song (吴松), Deputy General Manager
  • Sui Li (眭立), Board Secretary
  • Wang Dan (王丹), Deputy General Manager and CFO
  • Li Shao (李少), Deputy General Manager
  • Chen Hanjun (陈汉君), Deputy General Manager
  • Yan Zhuangli (严壮立), Deputy General Manager
  • Gao Rui (高锐), Deputy General Manager
  • Jiang Xiuyun (江秀云), Chief Accountant.

GAC has an overseas distribution network that extends to 26 countries in five major regions. The Group also has a number of Joint Ventures with foreign automakers aimed at developing and producing automobiles for the Chinese market.

GAC Group Sanctions

While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.

The latest news on GAC Group from across the web

GAC Group Releases New Battery Technology

Chinese automotive maker GAC Group on Tuesday unveiled its next-generation super-energy lithium iron battery, based on microcrystalline technology.

June 29, 2022 Source: Pandaily