- GAC MOTOR to transfer 49% stake in wholly-owned Hangzhou subsidiary
Guangzhou Automobile Group Motor Co.,Ltd. (GAC MOTOR) will transfer 49% stake in its wholly-owned subsidiary GAC MOTOR (Hangzhou) Co.,Ltd.
Nov. 15 , 2021
- GAC Group’s Oct. wholesales drop 8.11% YoY
In October 2021, GAC Group saw its monthly output and wholesales fall 4.48% and 8.11% year on year respectively to 192,589 and 192,854 units respectively, the automaker announced on Monday.
Nov. 09 , 2021
- GAC Group invests in Holomatic’s C1 round, with cooperated vehicles coming in 2022
GAC Group signed a deep cooperation agreement with China's autonomous driving solution startup, Holomatic, and invested in the startup's C1-round of financing.
Nov. 03 , 2021
- GAC receives over 20,000 orders of AION series vehicles in Oct.
GAC AION, GAC Group’s wholly-owned subsidiary dedicated to all-electric car business, announced the monthly order volume of its AION series reached about 23,000 units in October, for the first time ...
Nov. 01 , 2021
- GAC Group’s Q1-Q3 revenue leaps 28.64% YoY
For the first three quarters of 2021, GAC Group earned 55.117 billion yuan of revenue, representing a 28.64% year-on-year growth, while saw its net profit attributable to shareholders climb 5.63% to 5...
Oct. 29 , 2021
- GAC, NIO-linked HYCAN’s 2nd model Z03 hits market, starting at 132,800 yuan after incentives
HYCAN announced on October 18 its second mass-produced model, the Z03, formally hit the market with four trim levels offered. Post-subsidies prices range from 132,800 yuan ($22,670) to 168,800 yuan ($...
Oct. 19 , 2021
- MIIT: infrastructure of great importance to intelligent vehicles
China’s Ministry of Industry and Information Technology (MIIT) restressed the importance of infrastructure network to the development of intelligent and connected vehicles, in its response to the pr...
Oct. 13 , 2021
- GAC Group boasts YoY growth in Jan.-Sept. outputs, wholesales
For the first nine months of 2021, GAC Group scored year-on-year growth in both vehicle outputs and wholesales despite the coronavirus pandemic and the industry-wide chip shortage.
Oct. 09 , 2021
