[GAC Toyota] News & Updates

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.

42421 days 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.

60221 days ago

2027 Toyota Camry Launched: 8155 Chip + 15.6-inch Screen as Standard, from $13,180

On August 19, 2026, GAC Toyota officially launched the 2027 Camry with four variants. Official MSRP ranges from 171,800 to 209,800 yuan, with launch benefit pricing from 131,800 to 169,800 yuan. All variants come standard with a 15.6-inch center display and Qualcomm 8155 automotive-grade chip, featuring the AI Xiaoyue voice large model. Higher trims add rear-seat entertainment screen ports compatible with Xiaomi ecosystem accessories. Powertrain options remain unchanged.

52448 days ago

Fuel Vehicle Prices Collapse: Some Models Sold at 40% Discount, Market Share Falls Below 40%

In June 2026, China's fuel passenger vehicle retail sales plunged 39% year-on-year, with conventional fuel vehicles' market share dropping to just 37.2%. Some joint venture brands offered discounts exceeding 30%, with certain models selling at 40% off original prices. Meanwhile, new energy vehicle penetration has exceeded 60% for three consecutive months.

39787 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.

60087 days ago

GAC Toyota

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

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

2027 Toyota Camry Launched: 8155 Chip + 15.6-inch Screen as Standard, from $13,180

Fuel Vehicle Prices Collapse: Some Models Sold at 40% Discount, Market Share Falls Below 40%

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

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