Articles Tagged with "GAC Group"

GAC Group says thermal efficiency of its first hydrogen engine expected to hit 44%
GAC Group says thermal efficiency of its first hydrogen engine expected to hit 44%

GAC Group announced on Sept. 9 its first self-developed hydrogen engine was successfully ignited a few days ago, indicating that the company has ushered in the “zero-emission” era for engines.

Sep. 10 , 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’s Jan.-May sales grow 6.15% from same period in 2019
GAC Group’s Jan.-May sales grow 6.15% from same period in 2019

During the first five months of the year, the Guangzhou-based auto giant sold a total of 860,456 vehicles, representing a 34.87% jump over the previous year, while posting a 6.15% growth from the Jan.-May period in 2019.

Jun. 9 , 2021
GAC Group gains YoY growth in outputs, sales for ten straight months
GAC Group gains YoY growth in outputs, sales for ten straight months

As of April 2021, GAC Group had posted year-on-year growth in both monthly outputs and sales for the tenth month in a row.

May 8 , 2021
GAC Group boasts year-on-year hike of 1,896.65% in first quarter 2021 net profit
GAC Group boasts year-on-year hike of 1,896.65% in first quarter 2021 net profit

GAC Group announced its quarterly gross revenue jumped 47.31% year on year to 16.023 billion yuan ($2.471 billion) in the first quarter of 2021.

Apr. 30 , 2021