GAC Group (广州汽车)
Fast facts
- Year Founded
- 1997
Source: GAC Website www.gac-motor.com/en/about/overview.html
- HQ Location
- Guangzhou, Guangdong, China
- Publicly Traded?
- Yes
Source: Hong Kong Stock Exchange www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-QuoteSource: Shanghai Stock Exchange english.sse.com.cn/markets/equities/list/overview/
- Overseas Operations
- Yes
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.Source: GAC Website www.gac-motor.com/en/about/overview.html
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
Valuation
Valuation is reported as enterprise value. Conversion to USD based on 11/11/2021 exchange rates.Source: Yahoo Finance finance.yahoo.com/quote/2238.HK/key-statistics
Employees
Source: GAC 2020 ESG Report img.gac.com.cn/topic/file/2021-05-13/1620891045599-2020CSRReportofGACGroup.pdf
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 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.
Source: GAC Website www.gac-motor.com/en/about/overview.html
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 SupChina
All the electric car companies in China — a guide to the 46 top players in the Chinese EV industry
Updated December 1: Electric vehicles, smart systems to drive them, and advanced batteries to power them are attracting enormous sums of capital and China’s best engineering talent. These are the companies that are fighting for one of the most lucrative markets in the world. Many of them will be global EV players.
The latest news on GAC Group from across the web
Picking Winners in China’s Car Market Crash
Some car makers—mostly joint ventures between Japanese and German brands and Chinese companies—have increased their sales during the recent downturn, despite a second straight year of falling auto sales in China.
Chinese Auto Makers Join Forces as Industry Woes Deepen
A downturn across the global auto industry has pushed car makers together, forging alliances to pool technology and resources. Now two major state-owned auto makers in China are making such a move.
Geely Profit Warning Seen as Bad Omen for Other China Carmakers
Geely Automobile Holdings Ltd., controlled by Volvo Cars owner Li Shufu, issued a profit warning that drove down its shares and those of other Chinese automakers as it sparked concern investors are underestimating the depths of the industry’s slump.
China Mulls Stimulus as Car Sales Drop in World's Top Market
China is considering a tax cut to revive its flagging automotive market, according to people familiar with the matter, lending support to a key industry that’s been damaged by an ongoing trade war with the U.S.
In a Change of Mind, China to Retain Local EV Subsidies
China’s government is leaning toward allowing provinces continue with local subsidies for electric vehicles to sustain the rising demand for new-energy automobiles in the country, according to people familiar with the matter.