GAC Group eyes annual sales of 2 million vehicles for wholly-owned brands by 2027

Shanghai (Gasgoo)- At the Auto Guangzhou 2024, GAC Group launched its ambitious three-year "Panyu Action," aiming to have its self-owned brands account for over 60% of the group's total sales by 2027, with a bold target of 2 million vehicles sold.

As consumer demands grow increasingly diverse, the new energy vehicle (NEV) market is experiencing rapid shifts, with plug-in hybrid electric vehicles (PHEVs) and range-extended electric vehicles (REEVs) driving significant growth. In response, GAC Group plans to launch 22 fire new models under its wholly-owned brands over the next three years, including seven set for 2025, spanning battery electric vehicles (BEVs), REEVs, and PHEVs to cater to various consumer needs.

GAC Trumpchi's booth at Auto Guangzhou 2024; photo credit: GAC Group

GAC Group's self-owned passenger vehicle maker GAC Trumpchi will deepen its collaboration with Huawei to release three series of premium SUVs, MPVs, and sedans, all featuring Huawei's advanced intelligent driving technology. Meanwhile, AION and HYPTEC, GAC Group's other key brands, will incorporate the group's cutting-edge range-extended technology across their main models, promising industry-leading battery-powered range and energy efficiency.

Aligned with the automotive industry's "new four modernizations" (electrification, connectivity, intelligence, and shared mobility), GAC Group has invested over 50 billion yuan in R&D. The group has mass-produced innovations like the "Magazine Battery," ultra-fast charging, and Quark e-drive technologies. Additionally, full-solid-state battery technology is on track to be deployed onto vehicles in 2026.

GAC Group's international footprint is expanding rapidly, with manufacturing plants in Malaysia and Thailand becoming operational this year. The group's vehicles are now available in nearly 70 countries and regions, marking a new phase of export and localized production. By 2027, GAC Group plans to enter 100 countries and regions, targeting an annual export volume of 500,000 vehicles to deliver a richer product experience to global consumers.

To ensure the success of "Panyu Action," GAC Group said is building a robust support framework across five key areas: integrated organizational support, streamlined product development processes, market-oriented mechanisms, high-level talent acquisition, and abundant financial resources. Over the next three years, the group will invest at least 50 billion yuan in R&D and industrialization to secure the initiative's funding needs.