Articles Tagged with "GAC Group"

GAC Group sees Jan.-Apr. sales grow 7.14% YoY
GAC Group sees Jan.-Apr. sales grow 7.14% YoY

For the first four months of 2022, GAC Group sold 732,471 new vehicles, representing a 7.14% year-on-year growth, the auto group announced on May 6.

May 7 , 2022
GAC, Tencent-backed Greater Bay Technology secures 1 bln yuan in Series A financing
GAC, Tencent-backed Greater Bay Technology secures 1 bln yuan in Series A financing

Guangzhou Greater Bay Technology (“GBT”), which specializes in the production, development and sales of super-fast charge lithium batteries, announced on May 5 it bagged 1 billion yuan ($149.894 million) in the A funding round.

May 6 , 2022
GAC Group’s Q1 2022 revenue leaps 45.67% YoY
GAC Group’s Q1 2022 revenue leaps 45.67% YoY

GAC Group announced on Wednesday that its revenue in the first quarter of 2022 came at 23.145 billion yuan ($3.529 billion), jumping 45.67% year on year.

Apr. 28 , 2022
Tencent invests in GAC-backed supercharging startup Greater Bay Technology
Tencent invests in GAC-backed supercharging startup Greater Bay Technology

China’s tech giant Tencent has indirectly invested in GAC-affiliated Guangzhou Juwan Technology Research Co., Ltd. (Greater Bay Technology) and became a shareholder of the energy storage company on April 6th.

Apr. 8 , 2022
GAC Group boasts two-digit growth in March, Q1 sales
GAC Group boasts two-digit growth in March, Q1 sales

GAC Group announced today its automobile sales amounted to 608,167 units for the first quarter of 2022, jumping 22.48% from a year ago.

Apr. 7 , 2022
GAC AION to close A round of strategic investor introduction in Q3
GAC AION to close A round of strategic investor introduction in Q3

GAC AION, the NEV-dedicated arm of GAC Group, plans to complete its a round of strategic investor introduction in the third quarter this year, Gu Huinan, general manager of GAC AION, said last Sunday at the China EV100 Forum.

Mar. 28 , 2022