GAC Group
Since 1955
China
Asia
Zhujiang New Town, Tianhe District, Guangzhou city
Content |
GAC Group (Guangzhou Automobile Group Co., Ltd.) is a Chinese automotive company located in Guangzhou.
Performance indicators
2023: Lag behind BYD and Tesla in EV sales
History
2022: Transfer of Stellantis stake in GAC-Stellantis
On January 27, 2022, Stellantis N.V. announced plans to increase its stake in the GAC-Stellantis joint venture from 50% to 75%. The move is a key element of Stellantis' plan to create a new base for doing business in China. GAC Group and Stellantis agreed to jointly implement the remaining formalities on the deal, which is subject to approval by the Chinese government. Read more here.
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