GAC Group scores YoY growth in 2021 auto outputs, sales

Shanghai (Gasgoo)- GAC Group announced on Thursday it output and sold 2,138,127 and 2,144,387 vehicles through 2021, representing 5.08% and 4.92% year-on-year growth respectively. 

Of the new vehicles sold last year, 142,853 and 298,814 units were new energy vehicles (NEVs) and energy-saving vehicles, up 77.35% and 43.63% over a year earlier.

The group said its industrial production value amounted to 350.01 billion yuan ($54.929 billion) in 2021, growing 9.7% from the previous year and exceeding its annual goal.

Among GAC Group's subsidiaries, three joint ventures—GAC Honda, GAC FCA, and GAC Mitsubishi—were hit by year-on-year drop in annual sales, while the others all posted upward movement. The NEV-dedicated GAC AION was the fastest-growing one, boasting a 101.8% surge. GAC Toyota ranked highest by full-year sales volume.

All-new Levin; photo credit: GAC Toyota

Regarding the performance of key models, there were seven models in total logging annual sales of over 100,000 units, namely, the Levin series (222,818 units), the Camry series (216,764 units), the Accord series (201,301 units), the Vezel (173,870 units), the Breeze series (166,240 units), the Wildlander series (128,086 units), and the Highlander series (107,733 units).

In December, GAC Group saw its outputs and sales jump 21.43% and 11.77% to 267,977 and 233,671 units respectively. The new vehicles sold last month included 19,346 NEVs (+113.6% YoY) and 40,616 energy-saving vehicles (+97.39% YoY).

Last month, a total of seven models recorded a sales volume exceeding 10,000 units, which were the Camry series (27,195 units), the Levin series (21,889 units), the Accord series (20,460 units), the Vezel (18,071 units), the Wildlander series (16,665 units), the Highlander series (14,401 units), and the Breeze series (14,075 units).