Search Results for "GAC Group"

GAC Group’s Oct. wholesales drop 8.11% YoY
GAC Group’s Oct. wholesales drop 8.11% YoY

In October 2021, GAC Group saw its monthly output and wholesales fall 4.48% and 8.11% year on year respectively to 192,589 and 192,854 units respectively, the automaker announced on Monday.

Nov. 9 , 2021
GAC Group invests in Holomatic’s C1 round, with cooperated vehicles coming in 2022
GAC Group invests in Holomatic’s C1 round, with cooperated vehicles coming in 2022

GAC Group signed a deep cooperation agreement with China's autonomous driving solution startup, Holomatic, and invested in the startup's C1-round of financing.

Nov. 3 , 2021
GAC Group’s Q1-Q3 revenue leaps 28.64% YoY
GAC Group’s Q1-Q3 revenue leaps 28.64% YoY

For the first three quarters of 2021, GAC Group earned 55.117 billion yuan of revenue, representing a 28.64% year-on-year growth, while saw its net profit attributable to shareholders climb 5.63% to 5.284 billion yuan.

Oct. 29 , 2021
GAC Group plans to bring new strategic investors for GAC AION
GAC Group plans to bring new strategic investors for GAC AION

GAC Group intended to introduce strategic investors for its wholly-owned NEV-dedicated subsidiary GAC AION, the Guangzhou-based automaker announced on August 30.

Aug. 31 , 2021
GAC Group boasts 87.07% YoY surge in H1 2021 net profit
GAC Group boasts 87.07% YoY surge in H1 2021 net profit

GAC Group said its gross revenue for the first half of 2021 reached 34.572 billion yuan, jumping 34.83% from the previous year. Its semi-annual net profit attributable to shareholders surged 87.07% to 4.337 billion yuan.

Aug. 31 , 2021
GAC Group July sales down slightly
GAC Group July sales down slightly

Last month, the group produced 163,729 vehicles, down 19.1% from a year earlier while its total production volume in the past seven months increased by 16.56% to 1,165,175 vehicles.

Aug. 9 , 2021