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
2024: Russia becomes biggest overseas market for carmaker GAC
In 2024, the Chinese automaker GAC sold 20,105 cars on the Russian market, which is six and a half times higher than in 2023, making Russia the company's largest export market. TAdviser got acquainted with such data from the analytical agency Avtostat in mid-January 2025.
According to the agency, this result allowed the brand to take fifteenth place in the ranking of automobile brands in Russia. In December 2024, the company entered the top 10 popular brands for the first time, selling 2,283 cars and showing a maximum growth of 3.1 times among market leaders. The brand's success in the Russian market reflects the general growth trend in the share of Chinese automakers in Russia.
The most popular GAC model in Russia was the GS8 crossover, which accounted for two-thirds of all sales - 13,403 units. The second place was taken by the crossover GS3 with a result of 4963 cars, in third place is the M8 minivan with an indicator of 1309 units.
The total export of GAC cars from China in 2024 exceeded 90 thousand units. The company expanded its presence to seventy-four countries and regions, opening new markets in,, Uzbekistan,, and Colombia. Uruguay To Guatemala Azerbaijan
According to the agency, during 2024 the company actively developed international infrastructure: 217 new showrooms were opened, as a result of which the total number of official dealerships in the world reached 391. Six new overseas representative offices were also opened to promote products in Europe, South America and Mexico.
To optimize logistics, GAC created five new central warehouses in different regions of the world, which made it possible to improve the system of delivery of cars to international markets.[1]
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.
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |