Search Results for "GAC Group"

GAC Group sees H1 2022 net profit leap 32.61% YoY
GAC Group sees H1 2022 net profit leap 32.61% YoY

GAC Group announced today its revenue amounted to 48.448 billion yuan ($7.004 billion) in the first half of 2022 (“H1 2022”), surging 41.17% over a year earlier.

Aug. 30 , 2022
GAC Group intends to build self-owned battery subsidiary
GAC Group intends to build self-owned battery subsidiary

GAC Group announced on Aug. 25 its board of directors had approved the proposal of building a battery subsidiary dedicated to the industrialization of the group's self-owned battery business.

Aug. 26 , 2022
GAC Group to build subsidiary for electric drive system production
GAC Group to build subsidiary for electric drive system production

GAC Group announced on August 11 it would invest a total of 2.16 billion yuan ($320.218 million) in building an electric drive technology subsidiary.

Aug. 12 , 2022
Stellantis intends to terminate joint venture with GAC Group
Stellantis intends to terminate joint venture with GAC Group

Stellantis, one of the world's leading automakers and a mobility service provider, announced on July 18 the plan to focus on distributing imported vehicles for the Jeep brand in China through an asset-light approach.

Jul. 18 , 2022
GAC Group posts YoY, MoM two-digit growth in June 2022 sales
GAC Group posts YoY, MoM two-digit growth in June 2022 sales

GAC Group, one of the major Chinese automobile groups, scored a double-digit growth in June sales compared to both the previous year and the previous month.

Jul. 5 , 2022
GAC Group-backed chip supplier CanSemi bags RMB4.5 billion
GAC Group-backed chip supplier CanSemi bags RMB4.5 billion

Guangzhou CanSemi Technology (CanSemi), a semiconductor supplier backed by GAC Group, officially completed its latest financing round, raising RMB4.5 billion ($671.87 million).

Jun. 30 , 2022