Guangzhou Automobile Group/ GAC

Guangzhou Automobile Group/ GAC

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Guangzhou Automobile Group/ GAC Profile

Guangzhou Automobile Group/ GAC (2238.xhkg) is a Chinese automobile maker headquartered in Guangdong, the People’s Republic of China. GAC manufactures and sells passenger cars, commercial vehicles, electric vehicles (EV), buses, and trucks. The Guangzhou Automobile Group has several foreign partners to produce foreign-branded vehicles for sale in China. GAC is currently producing Fiat, Honda, Isuzu, Mitsubishi, Toyota, Everus, and Hino. The GAC New Energy Automobile Co Ltd. (GAC NE) produces their own EV brand, Aion, and sells the EV and PHEV Trumpchi models. Guangzhou Automobile Group/ GAC (2238.xhkg) is traded on the Shanghai Stock Exchange (SSE), the Hong Kong Stock Exchange (SEHK), its current market cap is $152.50B (USD) and is employing more than 90.000 people in more than 300 offices globally. The Gac Group has recently expanded its business in Qatar, the Philippines, Saudi Arabia, Lebanon, and Russia. In 2019, due to the worsening of the China-US trade tensions, an indefinite postponement of their US market plans, which was supposed to start in 2020, was announced.

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