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29/08/2023
On August 25th, GAC Group released its 2023 semi-annual report, showing a total operating revenue of 233.532 billion yuan in the first half of the year. According to China Association of Automobile Manufacturers, from January to June, China exported a total of 2.14 million vehicles, overtaking Japan as the biggest exporter of cars. As GAC Group looks to the future, international business has become a central focus. GAC Internationalizes with the Release of the “1551” Strategy Moving forward, GAC Group has formulated a “1551” internationalization strategy that is guided by “1” goal of achieving 50 million in sales by 2030 and gaining a firm foothold in the “5” major markets of Europe, Asia-Pacific, CIS, Middle East and Africa, and Central and South America; this will be done through prioritizing “5” brand core values, including brand internationalization, product globalization and localization, sales and service integration, and ecological diversification. The plan will...
18/05/2023
On May 11th, GAC MOTOR announced the launch of the CKD project in partnership with WTC Automotif (M) Sdn Bhd (WTCA), the sole and exclusive distributor of GAC vehicles in Malaysia. The project, which will receive an investment of over RM 60 million, is part of GAC MOTOR and WTCA’s long-term strategy to support and expand its presence in the Malaysian market. Part of the investment will be used to upgrade production lines and facilities to commence the assembly of GAC vehicles in Malaysia – including the All New GS3 EMZOOM, which is set to roll off production lines as the first locally assembled GAC MOTOR model in April 2024. Deepening Engagement in the Malaysian Market Malaysia is a country of significance to GAC MOTOR’s strategic layout in the ASEAN market. In December 2021, Malaysia became the first country to launch GS3, the first right-hand drive model from GAC MOTOR....
25/04/2023
The last 12 months have seen significant steps forward for GAC MOTOR, with operations expanding around the world to reach a 59% annual increase in wholesale sales. The 2023 GAC MOTOR International Distributor Conference, themed “Going Forward with Tech & Craftsmanship”, was held in Guangzhou on April 21st, bringing together GAC Group’s global partners to look back on achievements and explore what lies ahead in the future. GAC Group Chairman Zeng Qinghong reviewed the history GAC Group’s development in the past 26 years and said, “GAC Group will continue to improve the global distributors in the product, technology, service and other all-round support, to help the global distributors development, so that global distributors through the cooperation with the GAC MOTOR brand success.” The general manager of GAC International, Mr. Zeng Hebin, showed his sincere gratitude toward the global distributor partners through his welcome speech. Leaders from various subsidiaries of GAC Group also participated in...
