[GAC Group] News & Updates

China-EU Consultations Signal Easing as Four Automakers Chart Different Paths

The second regular meeting of the China-EU Trade and Investment Consultation Mechanism was held in Beijing from October 8 to 9. The two sides reached an understanding on hybrid vehicle trade and agreed to advance price undertakings and review procedures in the electric vehicle anti-subsidy case. On October 14, Changan, Leapmotor, Dongfeng and GAC successively expressed support, but their European focuses vary: Changan stressed localization "in Europe, for Europe"; Leapmotor said it has established more than 1,000 outlets in 36 countries and entered local manufacturing; Dongfeng focuses on compliance and taking hybrid technology overseas; and GAC is deepening local cooperation. Industry insiders believe trade costs remain a key variable in automakers' European investment decisions.

1991 day ago

NIO, GAC Report Same-Day Energy Replenishment Milestones: 4,090 Swap Stations, 30,000+ Self-Operated Charging Piles

On September 17, 2026, NIO and GAC Group disclosed progress on their energy replenishment networks on the same day. NIO added 8 battery charging and swapping stations, bringing its cumulative total to 4,090 battery swap stations, 5,282 charging stations, and 30,431 charging piles, with cumulative battery swaps exceeding 120 million; GAC Energy's self-operated charging piles reached 30,835, of which 21,324 were ultra-fast charging piles of 180 kW or higher, accounting for nearly 70%, and its self-operated charging stations reached 2,471. The article notes that the two use different statistical scopes, and analyzes the differences between battery swapping and ultra-fast charging in energy replenishment form, asset attributes, and profitability path, as well as the barriers faced by energy replenishment systems going overseas in four aspects: standards, power grids, land construction, and operations.

34127 days ago

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.

45030 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.

65731 days 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.

24272 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.

50677 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%.

39493 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.

52794 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.

62797 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.

39399 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.

614126 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.

287128 days ago

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