Zeng Qinghong: Guangzhou Automobile Industry Group aims for listing this year

Yesterday, Zeng Qinghong, general manager of Guangzhou Automobile Industry Group Co., Ltd has started up listing plan. A brand-new concept vehicle will be launched for the first time this year, a series of high-quality vehicles will be launched in the market before 2010.

Zeng said, "Overall vehicles sales of GAIG will reach 500,000 units this year, sales revenue were 100 billion, profit tax were 15 billion; the Group aims to achieve one million units and sales revenue of 200 billion in 2010. At that time the Group is hopefully to be listed in the first 300 of world's top 500. At present, more than 30 industries are correlating to GAIG, the total sales revenue reached 1,000 million, and the ratio of capacity to promote the economic growth of related industries is 1:6."