GAC

• The top 500 leading corporations in the world for 11 consecutive years.

• GAC Motor is China’s leading automobile brand (according to J.D.Power) with the world’s most intelligent factory system.

• Owning a global partner system, using technology is the core competency in competition.

THE JOURNEY TO AFFIRM

Guangzhou Automobile Group (GAC Group) was founded in 1997 and is headquartered in Guangzhou – is a large state-owned joint stock company listed on both the Shanghai Stock Exchange and Hong Kong (China).

Some memorable milestones of GAC Group.

After just more than 20 years of development, GAC is currently one of the world’s leading corporations, ranking 165th in the Fortune Global 500 with business activities in 07 fields including: Research and Development (R&D), Spare Parts, Energy and Ecology, Brand Internationalization, Trade and Transport, Investment and Finance.

From 1998 to now, the Group has continuously become a partner with the world’s leading automobile manufacturers such as Toyota, Honda, Mitsubishi, Jeep … thereby not only helping the Group access technologies in the production of high-tech items such as automobiles but also experience in management, operation, creativity … become a premise for future milestones of success. In 2007, the project to establish the first automobile brand and complete vehicle production was born with the appearance of the Advanced GAC R&D Center.

GAC R&D Center, the heart of Guangzhou-based GAC Group, is built to develop “Made by GAC” products and technologies for the global automotive industry. Since 2007, the Group has invested 2.9 billion USD and is expected to continue to be 3 billion USD in the next 5 years for the development of this Center. Up to now, the cumulative number of patent applications has exceeded 3,000, of which 30% are invention patents. GAC R&D CENTER has successfully developed 2 vehicle segments (gasoline vehicles, new energy vehicles) and launched 20 models. 

The world knows the GAC automobile brand as a guarantee of Prestige, Creativity and for the development of humanity (Humanity, Credibility, Creativity) and a world-class automobile factory from here.

 Established in 2008, GAC MOTOR is a subsidiary of GAC Group specializing in the production of world-class vehicles, engines, spare parts as well as the development of R&D activities in automotive engineering technology. GAC Motor recorded a significant growth in sales from 17 thousand units in 2011 to 535 thousand units in 2018. GAC MOTOR’s growth rate and profitability rank first among Chinese automobile brands. In July 2017, the New Energy Automotive Industrial Park was established together with the AION brand in Silicon Valley. 

AFFIRIMING ITS POSITION

With methodical and professional investments, GAC Group has continuously achieved successes in the domestic and international markets.

In Fortune Global 500 in 2022, GAC Group ranks 186th and is in the top 200. Since being shortlisted in 2013, the Group has been on this list for 10 consecutive years.

Year of 2022 also marked a new milestone for GAC Group with 2,400,000 vehicles shipped and sold, officially expanding the Group’s scope in the global market spread across 39 countries/territories across continents. In which, the total sales of vehicles sold by GAC MOTOR and GAC AION exceeded 630,000 units, of which 47% were new energy vehicles; The GAC European Research and Development Center and the GAC Milan Advanced Design Center were also officially opened, further expanding the global R&D network. 

In another hand, by the end of 2020, GAC Motor has been at the top of the China Initial Quality Study (IQS) ranking of J.D.Power – the world’s leading data analysis company for the GS3 SUV or GN6 MPV. This study (2020 alone) includes a survey of 241 models of 57 brands in a billion-person market, thereby making a judgment on users’ trust in the brand.

The continuous topping of the IQS ranking for nearly a decade is the clearest proof of the stability, durability and reliability of GAC Motor products – recognized by a large number of consumers and leading organizations such as J.D.Power. Not only that, in the following years, GAC Group’s joint venture brands such as GAC Honda, GAC FCA Jeep, and GAC Toyota all ranked first in this ranking.

In parallel with the quality recognition, based on a series of technological achievements such as ADiGO SPACE Intelligent Cockpit, ADiGO PILOT Intelligent Driving System, ADiGO MAGIC Co-Creation Platform, the world’s leading XPredFormer Motion Forecasting Framework, GAC MOTOR has demonstrated industry-leading intelligent connectivity and electrification technology and has been awarded the “Top10 global smart car brand 2023-2024”.

Currently, GAC Group owns more than 10,000 patents. With the continuous breakthroughs of “Tech GAC”, GAC has built a strong competitive strength and has been ranked in the Fortune Global 500 for 11 consecutive years.

GAC Group is also currently cooperating with 18 of the world’s leading suppliers such as DENSO, BOSCH, Aisin, Continental, Valeo,… to provide critical components for cars, including engines, transmissions, and chassis. These partners play an important role in helping GAC produce high-quality, safe and reliable vehicles. In addition, these partnerships allow GAC to access the most advanced technologies and produce vehicles that meet the increasing needs of customers.

LOOKING TO THE FUTURE

Towards a new era, GAC Group has developed a “1551” Internationalization strategy, specifically

• 1: Reach 50 million vehicles by 2030
• 5: Have a strong foothold in 5 major markets: Europe, Asia-Pacific, CIS, Middle East and Africa, Central and South America
• 5: Based on the brand’s 5 core values: Brand internationalization, product globalization and localization, sales and service integration as well as ecosystem diversification
• 1: a mechanism to ensure the development of a transparent management system and building global human resources in a unique way. 

The Group aims to establish a branch office in the Western European market through the introduction of pure electric vehicles. For the Asia-Pacific market, the company will focus on introducing gasoline, hybrid, and electric vehicles, and establish production facilities in Malaysia, Thailand, Myanmar, etc. For the Middle East and Africa, the Dubai branch will continue to be the key location for the development of this regional market, while operating CKD plants in Nigeria and Tunisia, promoting CKD operations in Egypt and South Africa. For the Central and South American market, the newly established Mexico branch will strengthen its operations and regional management. The development of the CIS market will focus on Russia, with a short-term focus on CBUs, while boosting production capabilities in the country.

Beside the Internationalization strategy, GAC Group also promotes efforts to strengthen 6 intensive business areas including R&D, vehicles, components, spare parts, business services, financial services and mobility services, in parallel with continuing research, implement improvements in electrification, intelligence, and digitalization to help improve the production and development process, actively participate in community activities, and support social responsibility programs.

In Vietnam, in February 2024, Tan Chong Group was officially appointed by GAC MOTOR to win the right to import and distribute gasoline vehicles and spare parts of the GAC brand in Vietnam. The GAC brand has been distributed by Tan Chong Group through its subsidiary TCSV (TC Services Vietnam) and authorize to participate in the retail distribution of gasoline engine vehicles, providing maintenance, repair services and spare parts according to Vietnamese law. According to GAC MOTOR in the Vietnamese market, Tan Chong Group is also the exclusive distributor of gasoline vehicles, PHEVs and GAC AION pure electric vehicles with 11 dealers in the Malaysian market. In addition, Tan Chong Group was also appointed by GAC MOTOR to build a vehicle assembly plant worth 12 million USD in Malaysia to produce the All-new B-SUV, GS3 EMZOOM, launched in April 2024.