GAC Group

GAC to Buy FAW's Joint-Venture Stake via Share Issue, FAW to Be Second-Largest Shareholder

GAC Group announced on the evening of September 14 that it plans to acquire, through the issuance of shares, part of the equity in a vehicle joint venture held by FAW Co., with the market speculating the target is FAW Toyota; after the transaction, FAW Co. may become GAC's second-largest shareholder. On September 15, GAC's H shares resumed trading and rose more than 12% in the call auction to HK$2.62, giving it a market value of HK$51.034 billion. Experts estimate that the consideration for roughly 25% of FAW Toyota's equity is about 20 billion yuan, requiring GAC to issue more than 4 billion shares. From January to August 2026, FAW Toyota's retail sales totaled 379,000 vehicles, down 26.4% year on year, while GAC Toyota sold 447,000 vehicles, down 10% year on year.

35314 hours ago

GAC to Acquire FAW Joint-Venture Assets via Share Issue; FAW to Become Second-Largest Shareholder

On September 14, 2026, GAC Group announced that it had signed a letter of intent with China FAW to acquire, by issuing shares, part of FAW's equity in an automobile manufacturing joint venture, while concurrently raising supporting funds. After the transaction is completed, FAW is expected to become GAC's second-largest shareholder, GAC's control will remain unchanged, and the transaction will constitute a major asset restructuring and a related-party transaction. GAC A-shares have been suspended from September 14, expected for no more than 10 trading days; before the suspension, they were quoted at RMB 5.09, down 37.85% year-to-date. The target's name has not yet been disclosed, and market speculation points to FAW Toyota.

5061 day ago

2027 GAC AION RT Launched: From 99,800 Yuan with First Mass-Produced Amorphous Alloy Motor

The 2027 GAC AION RT launched at 99,800-139,800 yuan. It features the world's first mass-produced amorphous alloy electric drive system — Quark Drive 2.0, with CLTC range of 520km.

21242 days ago

GAC Group's 30-Millionth Vehicle Rolls Off Line, 29-Year Record for Chinese Automaker

On July 16, 2026, GAC Group's 30-millionth vehicle rolled off the production line, achieving this milestone in just 29 years. The group exported over 130K vehicles in 2025 and over 120K in the first half of 2026, up 132% year-on-year. Products now cover 110 countries and regions, with 7 overseas factories and 746 overseas outlets.

45147 days ago

Listed Automakers' Sales Stay Strong: Chery, BYD Expand Export Volume

In June 2026, 23 A- and H-share listed automakers sold a combined 2.2166 million vehicles, up 5.97% year-on-year. BYD led with 403,500 units, while Chery's exports of 191,100 units set a new monthly record for the fourth consecutive month. NEV sales reached 1.3986 million units, with penetration at approximately 64.46%.

33863 days ago

H1 Net Loss of RMB 4.06B-4.57B! GAC Group Loss Nearly Doubles in Scale

GAC Group released its H1 2026 earnings forecast, expecting a net loss of RMB 4.06B-4.57B, nearly double year-over-year. NEV transition investments in proprietary brands continue to grow, while JV brand profits shrink significantly. The traditional "volume-for-profit" logic has broken down.

47763 days ago

GAC Group Faces Over 4 Billion Yuan H1 Loss Despite Sales Growth

GAC Group expects a net loss of 4.06 to 4.57 billion yuan for H1 2026, contrasting with total sales of 773,100 units, up 2.35% year-over-year. NEVs account for over 60% of sales, while self-owned brands and exports both delivered strong growth. The sharp decline in joint venture sales remains the primary drag on overall profitability.

54266 days ago

GAC Partners with Brazilian Operators to Deploy 242 Fast-Charging Stations

GAC Group announced a partnership with Brazilian operator GreenV and ride-hailing platform 99 to deploy 242 fast-charging stations in Brazil by 2030. Brazil's EV market is experiencing explosive growth while charging infrastructure severely lags behind, with a vehicle-to-charger ratio of 18.7:1. Chinese automakers are deepening their presence beyond vehicle exports into energy ecosystem building.

32968 days ago

Listed Automakers Steady Growth in May: Geely and GAC Export Double

In May 2026, 23 A-share and H-share listed automakers sold a combined 2.0491 million units, up 2.21% year-over-year. Against the backdrop of overall industry slowdown, export has become the core growth engine — Geely and GAC Group's exports doubled year-over-year, while NIO and Zhongtong Bus growth exceeded 60%. Divergence is intensifying: leading automakers sustain growth through overseas expansion, while brands relying primarily on the domestic market face clear pressure.

57396 days ago

GAC May NEV Sales Surge 71.64% YoY, Production Capacity Soars in Tandem

GAC Group's NEV production in May 2026 reached 62,000 units, up 85.71% YoY; sales reached 46,100 units, up 71.64% YoY. Cumulative Jan-May production hit 211,800 units, up 41.70% YoY; cumulative sales reached 201,300 units, up 62.38% YoY. Total group vehicle sales were 127,300 units, up 8.18% YoY.

25598 days ago

GAC May Sales: Autonomous Brands and Overseas Markets Become Twin Engines

In May 2026, GAC Group's total sales reached 127,300 units, up 8.18% year-over-year. The NEV segment sold 46,056 units, up 71.64%. Self-owned brands became the absolute growth driver, with three major brands combining for 55,434 units, up 32.48%. Jan-May self-owned brand cumulative exports reached nearly 100,000 units, up 135%.

573104 days ago