Guangzhou Automobile Industry Group
Guangzhou Automobile Industry Group Co Ltd (GAIG, Chinese: 广州汽车工业集团)[2] is a Chinese state-owned joint stock[citation needed] holding company that owns several Chinese automakers.
 | |
| Company type | State-owned enterprise |
|---|---|
| Industry | Automobile |
| Founded | 2000 |
| Headquarters | , China |
Area served | China |
Key people | Chairman: Zeng Qinghong[1] |
| Revenue | 364,053,630,000 renminbi (2018)  |
| Subsidiaries | GAC Group Denway Motors |
| Website | Guangzhou Automobile Group Company Limited |
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,[citation needed] which sell well in Southern China as of 2010.[3]
History
editBorn during a reconstruction of the Guangzhou automotive industry in 2000,[4] 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 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. In 2021, GAIG was included in the Fortune World 500 ranking of the world's largest and highest valued companies, ranking 176th.[7]
Holdings
editThe company has ownership in a number of Chinese automakers.
Guangzhou Automobile Group Co Ltd
editGuangzhou Automobile Group Co Ltd (SEHK: 2238) was founded in 1997,[4] and by 2005[8] it had become a holding of GAIG.[9] As of 2009, it is the 6th largest automaker in China.[10]
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Aion LX Plus -
Honda eNP2
References
edit- ^ "China Guangzhou Auto's chairman retiring, general manager to take over". Reuters. 29 September 2016. Retrieved 7 December 2021.
- ^ Home > About Us > Introduction Archived 13 October 2011 at the Wayback Machine GAIG Official Site
- ^ a b BAIC invests $736 mln to restructure Baolong's production base Archived 4 March 2016 at the Wayback Machine gasgoo.com, August 19, 2010
- ^ a b Milestones Archived 2011-04-26 at the Wayback Machine Guangzhou Automobile Industry Group Official Site
- ^ GAIG Stock Co., Ltd. investing.businessweek.com
- ^ Guangzhou Automobile Industry Group. Webb, Alysha, Automotive News, 5/14/2007 Supplement, Vol. 81
- ^ "广州汽车工业集团有限公司" (in Chinese). Retrieved 11 March 2024.
- ^ Company Profile Archived 7 July 2011 at the Wayback Machine Guangzhou Automobile Group Official Site
- ^ Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot