GAC Group
GAC Group
GAC Group (officially Guangzhou Automobile Group Co., Ltd. [Three] ) is a Chinese automobile maker headquartered in Guangzhou, Guangdong, and a subsidiary of Guangzhou Automobile Industry Group.
GAC sells passenger cars under the Trumpchi brand, passenger cars and commercial vehicles under the Gonow brand, SUVs under the Changfeng Motor brand, and buses under the GAC Bus brand. GAC produced 728,000 vehicles in 2012, the tenth-largest output of any Chinese automaker in that year. In the same year it was the sixth-largest producer of passenger cars among Chinese automakers. [Four] While the company is primary focused on consumer vehicles, it does make large passenger buses and commercial trucks [Five] albeit it is outside the top ten commercial vehicle makers in China. [Four]
GAC is presently known for its Honda-branded auto producing joint venture with this Japanese automaker, but the company has a total of five foreign partners—more than most Chinese automakers. These partnerships permit it to produce foreign-branded products for sale in China. These brands include: Fiat, Honda, Isuzu, Mitsubishi, and Toyota. Other brand names associated with GAC are Everus, for consumer vehicles, and Hino.
Contents
Guangzhou Automobile Group Co., Ltd. was founded in 1997, [1] and in two thousand five [6] become a holding of Guangzhou Automobile Industry Group [7] and a joint-stock company. [Trio] As of two thousand nine it was the 6th-largest automaker in China. [8]
In 2009, the company acquired 29% of the Chinese sport-utility vehicle maker Changfeng Automobile, becoming its thickest shareholder. [9] GAC purchased the remaining portion of Changfeng in two thousand eleven completing its acquisition of the company. [Ten]
Previously a backdoor listing via Denway Motors, [8] GAC became listed under its own name on the Stock Exchange of Hong Kong in 2010. [9] In that year shareholders of Denway Motors approved its privatization by GAC. [11] Denway Motors was subsequently delisted on twenty five August two thousand ten and substituted by Guangzhou Automobile Group (SEHK: 2238) on thirty August two thousand ten via stock interchange. [9]
In late two thousand ten GAC purchased 51% ownership of Gonow, a midsize Chinese automaker of sport-utility vehicles, subcompacts, and pickup trucks. [9] [12]
In December two thousand ten GAC launched the fresh Trumpchi marque. Its initial product was based on the Alfa Romeo 166. [13] [14]
In two thousand ten GAC was among the ten largest Chinese carmakers [15] reaching number six [16] and selling 724,200 vehicles. [17]
2011 eyed the company retain its position as the sixth-largest Chinese automaker by production volume, with GAC making 740,400 vehicles in that year. [Eighteen]
In early 2012, the company was listed on the Shanghai Stock exchange. [Nineteen]
Changfeng Motor Edit
In two thousand nine GAC possessed 29% ownership of this SUV-maker [20] [21] a purchase supposedly imposed by the Chinese state as a condition of a then-upcoming joint venture with Fiat. [22] GAC finished its acquisition of Changfeng in 2011. [Ten]
Gonow Edit
Gonow (officially Zhejiang Gonow Auto Co., Ltd.) is a Chinese manufacturer of automobiles, commercial vehicles and SUV’s headquartered in Taizhou, Zhejiang and a subsidiary of GAC Group. It markets its products under the brand name GAC Gonow in China and as Gonow in other markets.
Trumpchi Edit
Trumpchi is an automotive marque possessed by GAC Group which was launched in December 2010. The following Trumpchi vehicles are presently available in China:
- Trumpchi GA3/GA3S, a four-door compact saloon
- Trumpchi GA5, a four-door mid-size saloon, including the GA5 REV, a range extender electrical vehicle
- Trumpchi GA6, a four-door utter size saloon
- Trumpchi GS4, a five-door sport utility vehicle
- Trumpchi GS5 Super, a five-door sport utility vehicle
GAC Group
GAC Group
GAC Group (officially Guangzhou Automobile Group Co., Ltd. [Three] ) is a Chinese automobile maker headquartered in Guangzhou, Guangdong, and a subsidiary of Guangzhou Automobile Industry Group.
GAC sells passenger cars under the Trumpchi brand, passenger cars and commercial vehicles under the Gonow brand, SUVs under the Changfeng Motor brand, and buses under the GAC Bus brand. GAC produced 728,000 vehicles in 2012, the tenth-largest output of any Chinese automaker in that year. In the same year it was the sixth-largest producer of passenger cars among Chinese automakers. [Four] While the company is primary focused on consumer vehicles, it does make large passenger buses and commercial trucks [Five] albeit it is outside the top ten commercial vehicle makers in China. [Four]
GAC is presently known for its Honda-branded auto producing joint venture with this Japanese automaker, but the company has a total of five foreign partners—more than most Chinese automakers. These partnerships permit it to produce foreign-branded products for sale in China. These brands include: Fiat, Honda, Isuzu, Mitsubishi, and Toyota. Other brand names associated with GAC are Everus, for consumer vehicles, and Hino.
Contents
Guangzhou Automobile Group Co., Ltd. was founded in 1997, [1] and in two thousand five [6] become a holding of Guangzhou Automobile Industry Group [7] and a joint-stock company. [Three] As of two thousand nine it was the 6th-largest automaker in China. [8]
In 2009, the company acquired 29% of the Chinese sport-utility vehicle maker Changfeng Automobile, becoming its largest shareholder. [9] GAC purchased the remaining portion of Changfeng in two thousand eleven completing its acquisition of the company. [Ten]
Previously a backdoor listing via Denway Motors, [8] GAC became listed under its own name on the Stock Exchange of Hong Kong in 2010. [9] In that year shareholders of Denway Motors approved its privatization by GAC. [11] Denway Motors was subsequently delisted on twenty five August two thousand ten and substituted by Guangzhou Automobile Group (SEHK: 2238) on thirty August two thousand ten via stock interchange. [9]
In late two thousand ten GAC purchased 51% ownership of Gonow, a midsize Chinese automaker of sport-utility vehicles, subcompacts, and pickup trucks. [9] [12]
In December two thousand ten GAC launched the fresh Trumpchi marque. Its initial product was based on the Alfa Romeo 166. [13] [14]
In two thousand ten GAC was among the ten largest Chinese carmakers [15] reaching number six [16] and selling 724,200 vehicles. [17]
2011 eyed the company retain its position as the sixth-largest Chinese automaker by production volume, with GAC making 740,400 vehicles in that year. [Legitimate]
In early 2012, the company was listed on the Shanghai Stock exchange. [Nineteen]
Changfeng Motor Edit
In two thousand nine GAC wielded 29% ownership of this SUV-maker [20] [21] a purchase supposedly imposed by the Chinese state as a condition of a then-upcoming joint venture with Fiat. [22] GAC ended its acquisition of Changfeng in 2011. [Ten]
Gonow Edit
Gonow (officially Zhejiang Gonow Auto Co., Ltd.) is a Chinese manufacturer of automobiles, commercial vehicles and SUV’s headquartered in Taizhou, Zhejiang and a subsidiary of GAC Group. It markets its products under the brand name GAC Gonow in China and as Gonow in other markets.
Trumpchi Edit
Trumpchi is an automotive marque possessed by GAC Group which was launched in December 2010. The following Trumpchi vehicles are presently available in China:
- Trumpchi GA3/GA3S, a four-door compact saloon
- Trumpchi GA5, a four-door mid-size saloon, including the GA5 REV, a range extender electrified vehicle
- Trumpchi GA6, a four-door utter size saloon
- Trumpchi GS4, a five-door sport utility vehicle
- Trumpchi GS5 Super, a five-door sport utility vehicle
