Articles Tagged with "GAC Group"

GAC-backed Ontime bags 842 million yuan in Series B funding
GAC-backed Ontime bags 842 million yuan in Series B funding

Chinese mobility service provider Ontime completed its Series B funding round, raising 842 million yuan. The round was led by GAC Group, with participation from multiple industry funds and financial investors.

Jun. 25 , 2023
GAC Group’s 5G V-Box development project to adopt ZTE’s auto-grade 5G module first
GAC Group’s 5G V-Box development project to adopt ZTE’s auto-grade 5G module first

GAC Institute recently announced that its 5G V-Box mass-production development project will be the first to adopt ZTE's automotive-grade 5G module.

Jun. 9 , 2023
GAC Group scores 2-digit YoY growth in May 2023 auto production, sales volume
GAC Group scores 2-digit YoY growth in May 2023 auto production, sales volume

In May 2023, GAC Group achieved positive growth in both auto production volume and sales. The group produced 224,413 vehicles and sold 209,606 vehicles in the month, representing year-on-year increases of 16.61% and 14.5%, respectively.

Jun. 8 , 2023
GAC Group releases ‘NEXT’ strategic plan, Trumpchi E9 starts presale
GAC Group releases ‘NEXT’ strategic plan, Trumpchi E9 starts presale

On April 18, GAC Group released its “NEXT” business strategy at the Auto Shanghai 2023, which focuses on the intelligent new energy vehicle transition.

Apr. 18 , 2023
GAC Group posts YoY, MoM increase in Mar. 2023 sales
GAC Group posts YoY, MoM increase in Mar. 2023 sales

GAC Group announced on Thursday it sold 231,735 vehicles in the third month of 2023, representing an 1.87% year-over-year growth.

Apr. 7 , 2023
GAC Group posts two-digit YoY growth in 2022 annual revenue, net profit
GAC Group posts two-digit YoY growth in 2022 annual revenue, net profit

GAC Group announced on Wednesday its full-year revenue reached around 109.335 billion yuan in 2022, leaping 45.57% from a year ago.

Mar. 30 , 2023