Guangzhou Automobile Industry Group is a Chinese state-owned joint stock holding company.
GAC, founded in June, 1997 and headquartered in Guangzhou, is an automobile group with complete domestic industrial chain. Listed on the HKEX on August 30, 2010, the company's major shareholders are Guangzhou Automotive Group Co., Ltd., HKSCC Nominees Ltd and Guangzhou Huiyin Tianyue PE Fund Management Co., Ltd. Rivals that have direct and indirect competition with GAC include SAIC, BAIC, GM, Toyota, etc.
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Perhaps the most open and pragmatic Chinese state-owned automobile manufacturer, GAC has stepped ahead of the trends in EV and AV technologies through its long-term investment in R&D and its wide collaboration with tech giants and emerging forces.
Aug 26, 2020 05:41 PM