Guangzhou Automobile Industry Group

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Guangzhou Automobile Industry Group Company Limited
TypeState-owned enterprise
IndustryAutomobile
Founded2000
Headquarters
Guangzhou, Guangdong
,
China
Area served
China
Key people
Chairman: Mr. Zhang Fangyou
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)[1] is a Chinese state-owned joint stock[citation needed] holding company that owns several Chinese automakers.

A Chinese partner of Japanese companies Toyota and Honda,[2] GAIG owns Chinese production bases that produce Chinese-market versions of the Japanese carmakers' models,[citation needed] which sell well in Southern China as of 2010.[2]

History[]

Born during a reconstruction of the Guangzhou automotive industry in 2000,[3] GAIG receives considerable support from the governments of Guangdong province and Guangzhou city.[citation needed]

Formerly the Guangzhou Automobile Industry Group Company, it was renamed in 2005.[4]

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.[5]

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[]

Main article: Guangzhou Automobile Group

Guangzhou Automobile Group Co Ltd (SEHK: 2238) was founded in 1997,[3] and by 2005[6] it had become a holding of GAIG.[7] As of 2009, it is the 6th largest automaker in China.[8]

References[]

  1. ^ Home > About Us > Introduction GAIG Official Site
  2. ^ Jump up to: a b BAIC invests $736 mln to restructure Baolong's production base gasgoo.com, August 19, 2010
  3. ^ Jump up to: a b Milestones Archived 2011-04-26 at the Wayback Machine Guangzhou Automobile Industry Group Official Site
  4. ^ GAIG Stock Co., Ltd. investing.businessweek.com
  5. ^ Guangzhou Automobile Industry Group. Webb, Alysha, Automotive News, 5/14/2007 Supplement, Vol. 81
  6. ^ Company Profile Guangzhou Automobile Group Official Site
  7. ^ Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot
  8. ^ HK float for Guangzhou Auto chinadaily.com.cn, 2010-January-23

External links[]

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