- Business
- Guangzhou Automobile Group Co., Ltd. (GAC Group) manufactures and sells passenger vehicles, commercial vehicles, buses, motorcycles, and related parts and components through its own brands including Trumpchi (marketed as GAC Motor overseas), Aion, Hyptec, Hycan, GAC Bus, and the new Qijing high-end electric brand; joint ventures such as GAC Honda (including Everus vehicles), GAC Toyota, and GAC Wuyang-Honda motorcycles; and former subsidiaries like Gonow. The company provides additional services encompassing auto finance, insurance, leasing, logistics, trade, and after-sales support, primarily targeting domestic Chinese consumers and expanding to international markets. GAC Group operates production facilities and sales networks across China, with overseas assembly plants and distribution in Southeast Asia (Thailand, Malaysia, Indonesia, Cambodia), the Middle East, Latin America, Africa, Russia, Australia, and Europe.
Founded in 1997 as a subsidiary of Guangzhou Automobile Industry Group Co., Ltd. and headquartered in Guangzhou, Guangdong province following a headquarters relocation to Panyu Auto City in November 2024, GAC Group ranks among China's largest automakers by sales volume, exceeding 2.5 million vehicles annually as of 2023 with a strong emphasis on new energy vehicles comprising nearly 40% of output.
Recent developments include the September 2025 launch of the Qijing premium electric brand through Huawang Automotive Technology (Guangzhou) Co., Ltd., a GAC-Huawei joint venture where GAC holds 71.43% equity after a 600 million yuan capital increase by GAC Aion in August 2025, integrating Huawei's intelligent driving, cockpit, and ecosystem technologies. In October 2024, Crédit Agricole Personal Finance & Mobility agreed to acquire 50% of GAC Finance Leasing Co., Ltd., enhancing leasing solutions for electric vehicles in China. GAC Group expanded globally with a June 2025 Indonesia factory opening (20,000-unit capacity), a September 2025 $19 million Cambodia assembly plant joint venture with TH Group (15,000-unit capacity opening early 2026), an Australian market launch in November 2025, and targets for 50,000 European sales by 2027; it also restructured GAC Hino into GAC Commercial Vehicle in 2025 for electric trucks and unveiled "Four Growth Engines" (new technology, products, services, ecosystem) at the 2025 Guangzhou Auto Show.