Search Results for "GAC Group"

GAC Group rumored to invest in startup NIO
GAC Group rumored to invest in startup NIO

Chinese state-owned automaker GAC Group is seeking to raise a fund worth of around $1 billion for future investment in the EV startup NIO, a local media outlet reported on January 15, citing people briefed on the plan.

Jan. 15 , 2020
GAC Group’s 2019 sales down by 3.99%, still better than expected
GAC Group’s 2019 sales down by 3.99%, still better than expected

GAC Group said its full-year auto production and sales of 2019 were better than expected. Last year, the automaker output 2,023,814 vehicles (-7.76%) and sold 2,062,160 new vehicles (-3.99%).

Jan. 7 , 2020
Chinese auto giants SAIC Motor, GAC Group become strategic partners
Chinese auto giants SAIC Motor, GAC Group become strategic partners

On December 23, SAIC Motor joined hands with GAC Group for a wide range of strategic cooperation.

Dec. 23 , 2019
GAC Group’s Jan.-Sept. net profit decline, while investment income remains flat
GAC Group’s Jan.-Sept. net profit decline, while investment income remains flat

Chinese automaker GAC Group gained RMB43.031 billion in gross revenue for the first nine months of 2019, versus RMB53.508 billion for the year-ago period, the company said on October 29.

Oct. 31 , 2019
GAC Group‘s Sept. auto sales volume down by 4.75%
GAC Group‘s Sept. auto sales volume down by 4.75%

GAC Group reported a 4.75% year-on-year decrease in September auto sales, posting downturn for three consecutive months.

Oct. 12 , 2019
Pony.ai, GAC Group launches Aion LX’s level 4 self-driving version
Pony.ai, GAC Group launches Aion LX’s level 4 self-driving version

Chinese self-driving startup Pony.ai and GAC Group jointly launched a level 4 autonomous vehicles based on the platform that creates the Aion LX, an all-electric SUV model launched by GAC New Energy (GAC NE).

Sep. 19 , 2019