Founded in 1997, it is one of the world's top 500 companies and one of the top ten brands in the automobile industry, specializing in R&D, manufacturing, automobile trade and automobile financial services of vehicles and parts
Guangzhou Automobile Group Co., Ltd. (hereinafter referred to as GAC Group) was established on June 28, 2005, headquartered in Zhujiang New Town, Tianhe District, Guangzhou, with more than 84,000 employees, and is the first large-scale state-controlled joint-stock automobile group in China to achieve the overall listing of A and H shares. GAC Group was formerly known as Guangzhou Automobile Group Co., Ltd., which was established in June 1997.
Since 2013, GAC Group has been listed in the Fortune Global 500 for five consecutive years, and in 2017, it ranked 238th among the world's enterprises and 52nd among the top 500 Chinese enterprises.
GAC Group adheres to the common development of joint ventures and independent innovation, and its business covers R&D, manufacturing, automobile trade services, auto finance, etc., and has become one of the most complete automobile groups in the domestic industrial chain, and is also the first enterprise group in the domestic automobile industry with multiple non-banking financial licenses such as insurance, insurance brokerage, auto finance, capital, finance, and financial leasing. At present, GAC Group has dozens of well-known enterprises and R&D institutions under GAC Passenger Vehicle, GAC Honda, GAC Toyota, GAC Mitsubishi, GAC Fiat Chrysler, GAC Research Institute, etc.
In 2017, GAC Group's three core vehicle business segments, namely its own brands, Japanese joint ventures, and European and American joint ventures, achieved comprehensive growth, with the production and sales of automobiles reaching 2 million units, a year-on-year increase of more than 20%, a record high.
Looking forward to the "13th Five-Year Plan", GAC Group will continue to strengthen and strengthen the five major sectors, develop its own brands with the strength of the whole group, realize the leapfrog development of its own brand business, and fully realize major breakthroughs in electrification, internationalization and networking. By 2020, GAC Group will strive to double its main indicators compared with the end of the "Twelfth Five-Year Plan" period, complete the production and sales of 2.4 million vehicles, with an operating income of more than 400 billion yuan and a total profit and tax of more than 50 billion yuan.
In April 2017, GAC Group launched a new brand slogan "Craftsmanship in Heart, Craftsmanship in Action" to fully implement the brand's new strategic plan. In the future, GAC Group will uphold the core of the Zhiguang brand, never forget ingenuity, pursue excellence, and strive to create value for consumers and employees, cooperation and investment partners, the industry and the whole society with ingenuity, and strive to become a value creator of mobile life and a first-class automobile brand with international influence.
