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GAC Group: Challenging 10% growth in production and sales in 2023

GAC Automobile Group Chairman Zeng Qinghong said, to promote the “trillion GAC Automobile” strategic goals.

The company’s main goal is to develop the company’s business in the future. At the same time, around the major deployment of the provincial and municipal automotive industry, we will make every effort to promote the strategic goal of “trillion Guangzhou Auto”, and strive to achieve a revenue of more than RMB 1 trillion in 2030, and become a world-class enterprise with excellent products, outstanding brands, leading innovation and modern governance.

Zeng Qinghong pointed out that to accelerate the seizure of new energy intelligent networked vehicles high point. Continuously build “lithium mine + basic lithium raw material production + energy storage and power battery production + charging and switching + battery recycling + energy storage” vertically integrated new energy industry chain layout, reduce the cost of the industry chain, to achieve the overall safety and control of the new energy industry chain, and improve the core competitiveness of the industry chain. Continuously build the GAC Intelligent New Energy Vehicle Industrial Park into an intelligent new energy vehicle industry cluster that radiates the Greater Bay Area and even the whole country.

Zeng Qinghong said to continue to strengthen the industry chain supply chain construction. The company’s main goal is to develop the company’s business in the future. At the same time, around the major deployment of the provincial and municipal automotive industry, we will make every effort to promote the strategic goal of “trillion Guangzhou Auto”, and strive to achieve a revenue of more than RMB 1 trillion by 2030, and become a world-class enterprise with excellent products, outstanding brands, leading innovation and modern governance.

Zeng Qinghong pointed out that to accelerate the seizure of new energy intelligent networked vehicles high point. Continuously build “lithium mine + basic lithium raw material production + energy storage and power battery production + charging and switching + battery recycling + energy storage” vertically integrated new energy industry chain layout, reduce the cost of the industry chain, to achieve the overall safety and control of the new energy industry chain, and improve the core competitiveness of the industry chain. Continuously build the GAC Intelligent New Energy Vehicle Industrial Park into an intelligent new energy vehicle industry cluster that radiates the Greater Bay Area and even the whole country.

Zeng Qinghong said to continue to strengthen the industry chain supply chain construction. As the “chain master” of Guangzhou Auto’s intelligent new energy vehicle industry chain, the construction of an independent and controllable industry chain supply chain. Promote independent innovation “strong chain”, independent mastery of the “three electric” and intelligent network core technology; promote the localization of chips “stable chain”, the full implementation of ” Promote investment layout to extend the chain, invest in projects of autonomous driving, intelligent network linkage, energy ecology, etc. to build industrial ecosystem.

In terms of project investment, GAC Group has approved 279 projects (including those under construction) in 2023, with a total planned investment of RMB 77.38 billion, and a planned investment of RMB 20.78 billion in 2023, an increase of 6% year-on-year. Among them, 9 projects are included in the city’s “city-attacking” projects, with a total planned investment of RMB 23.9 billion, and a planned investment of RMB 5.35 billion in 2023.

According to the data, in 2022, GAC Group will produce and sell 2.48 million vehicles and 2.344 million vehicles respectively, an increase of 16% and 13.5%; achieve a total industrial output value of RMB 432.08 billion, an increase of 23.4%; and achieve an operating income of RMB 514.45 billion, an increase of 19.7%. The cumulative sales of new energy vehicles and energy-saving vehicles will be 762,000 units.

In 2022, GAC Group actually completed an investment of RMB 19.37 billion, and a large number of key projects were started and completed and accelerated, including the second phase of GAC Eyen Intelligent Eco-Factory, the second phase of GAC Toyota New Energy Vehicle Expansion, GAC Honda New Electric Vehicle Factory, GAC Eyen Self-Research Battery and Electric Drive Industrialization, and other projects.

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James Lopez
James Lopezhttps://www.techgoing.com
James Lopez joined Techgoing as Senior News Editor in 2022. He's been a tech blogger since before the word was invented, and will never log off.

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