Guangzhou Automobile Industry Group Company Limited
TypeState-owned enterprise
IndustryAutomobile
Founded2000
Headquarters
Guangzhou, Guangdong
,
China
Area served
China
Key people
Chairman: Zeng Qinghong[1]
Revenue364,053,630,000 renminbi (2018) Edit this on Wikidata
SubsidiariesGAC Group
Denway Motors
WebsiteGuangzhou Automobile Group Company Limited

Guangzhou Automobile Industry Group Co Ltd (GAIG, Chinese: 广州汽车工业集团)[2] is a Chinese state-owned joint stock holding company that owns several Chinese automakers.

A Chinese partner of Japanese companies Toyota and Honda,[3] GAIG owns Chinese production bases that produce Chinese-market versions of the Japanese carmakers' models, which sell well in Southern China as of 2010.[3]

History

Born during a reconstruction of the Guangzhou automotive industry in 2000,[4] GAIG receives considerable support from the governments of Guangdong province and Guangzhou city.

Formerly the Guangzhou Automobile Industry Group Company, it was renamed in 2003.[5]

In 2007, GAIG began putting in motion plans to sell automobiles under its own brand and to further this goal had acquired a controlling share in an R&D center at South China University of Technology.[6]

By 2010, it was selling its own vehicles under the GAC Trumpchi brand.

Holdings

The company has ownership in a number of Chinese automakers.

Guangzhou Automobile Group Co Ltd

Guangzhou Automobile Group Co Ltd (SEHK: 2238) was founded in 1997,[4] and by 2005[7] it had become a holding of GAIG.[8] As of 2009, it is the 6th largest automaker in China.[9]

References

  1. ↑ "China Guangzhou Auto's chairman retiring, general manager to take over". Reuters. 29 September 2016. Retrieved 7 December 2021.
  2. ↑ Home > About Us > Introduction Archived 13 October 2011 at the Wayback Machine GAIG Official Site
  3. 1 2 BAIC invests $736 mln to restructure Baolong's production base gasgoo.com, August 19, 2010
  4. 1 2 Milestones Archived 2011-04-26 at the Wayback Machine Guangzhou Automobile Industry Group Official Site
  5. ↑ GAIG Stock Co., Ltd. investing.businessweek.com
  6. ↑ Guangzhou Automobile Industry Group. Webb, Alysha, Automotive News, 5/14/2007 Supplement, Vol. 81
  7. ↑ Company Profile Guangzhou Automobile Group Official Site
  8. ↑ Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot
  9. ↑ HK float for Guangzhou Auto chinadaily.com.cn, 2010-January-23
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