GAC Trumpchi Makes Use of its Advantages to Cope with “Double Credit” Pressure

Shanghai, Sept. 4, Gasgoo - GAC Trumpchi achieves rapid growth when domestic auto market shows slowing growth rate.

It launches two SUV models GS7 and GS3 in Wuzhen. “These are two important and strategic models of GAC Trumpchi, which will form a product matrix with GS8 and GS4 to further implement GAC Trumpchi’s products in SUV market.”

Electrification is also an important direction for GAC Trumpchi in the future, but it has not produced enough models in alternative energy area. It’s also revealed that GAC Trumpchi also faces great pressure from “double credit” policy.

It’s analyzed that GAC Group’s high growth of sales volume and profits are mainly resulted by the breakthroughs of self-independent SUV brands. GS4 and GS8 all have outstanding performances. In fact, GAC Trumpchi has a total sales volume of 289,800 units in the previous seven months with 52.4% year-on-year growth, accomplishing 57.9% of the annual sales target.

GAC Trumpchi also has 488 dealerships across the nation, and it’s expected that the number would reach 520 at the end of year. GAC Trumpchi plans to achieve an annual production and sales target of 1m units by 2020.

Under the pressure of “double-credit” policy, almost all auto companies are seeking for solutions by establishing joint-venture companies, increasing competition in alternative energy market. “GAC Trumpchi will also face pressure. It has made product layouts in PHEV and EV markets, and three BEV models will be launched in 2019 and 2020.” One auto analyst said.