▲ Picture source: Trumpchi official website, the same below

The price of this new car was announced at the Guangzhou Auto Show, which opened on November 17. The body length, width and height are 4920mm×1900mm×1760mm, with a wheelbase of 2930mm. It adopts a seven-seat layout and has a usable floor area of 5.20 square meters. In addition, the car’s second-row seats have a one-button zero-gravity mode, providing seven-seat mode, four-seat large mode, lying-down sleeping mode, viewing tea seat, and space lying-down mode, which can flexibly cope with the travel of different people. It is equipped with double electric side sliding doors.

The GAC Trumpchi E8 is equipped with an 8.88-inch digital LCD instrument + a 14.6-inch high-definition central touch display. It is equipped with the Snapdragon 8155 car chip and supports Amap online navigation, dual-tone zone voice recognition, and voice vehicle control (Note: air conditioning, seats, windows, etc.), online audio and video entertainment, online OTA upgrade and other functions.

In terms of power, this new car adopts plug-in hybrid power and is equipped with a 2.0-liter naturally aspirated engine. The engine has a maximum power of 103kW and a peak torque of 180N·m. It is matched with a 2-speed DHT hybrid special gearbox; equipped with a ternary lithium battery, the motor has the largest The power is 134 kW, the maximum torque is 300 N·m, the pure electric driving range under CLTC comprehensive working conditions is 150km, and the comprehensive driving range is 1,200km.

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▲ GAC Trumpchi E8 (left), concept car ERA (right)

In addition, GAC Group made the world premiere of its GAC ERA smart flagship hydrogen-electric concept car at the auto show, and its five major vehicle brands, GAC Trumpchi, Aion, Haopin, GAC Honda, and GAC Toyota, also made their debut simultaneously.

GAC Group stated that GAC Aian has launched the dual-brand layout of Aian and Haobin, and its annual production and sales will exceed 500,000 vehicles. Since June this year, GAC Aion has achieved consecutive monthly profits.

It is noticed that GAC Trumpchi is developing PHEVs and launching three new energy products: E9, ES9, and E8 this year. From January to October, GAC Trumpchi achieved sales of over 330,000 vehicles, a year-on-year increase of 11.8%, further improving profitability. GAC’s independent brand goal is to “sprint one million sales and achieve full profitability.”

In terms of charging and swapping services, so far, GAC Group has built nearly a thousand charging and swapping stations in more than 150 cities across the country, achieving full coverage of first- and second-tier cities and the four major economic circles. In addition, the first Inpa battery factory with an investment of 10.9 billion RMB and 36GWh will be put into mass production at the end of this month.

▲ Inpai Battery’s first factory under GAC will be put into mass production at the end of this month

GAC Group has listed solid-state batteries, cobalt-free batteries, low-cobalt batteries, sodium-ion batteries, etc. as key technological research topics. Among them, solid-state batteries have made breakthrough progress. It is claimed that when the battery energy density reaches 400Wh/Kg, it can meet the safety and reliability requirements of batteries in extreme environments. It is planned to be installed in vehicles in 2026.

The GAC ERA Smart Clean flagship hydrogen-electric concept car released at this auto show is based on GAC’s latest multi-energy platform architecture, equipped with hydrogen fuel cells and front and rear axle distributed motors, achieving 540 horsepower and a long range of 800km + , zero emission characteristics.

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It is noticed that when the fund was filed, the total paid-in capital contribution of each partner was 100 million RMB, and the proportional paid-in capital contribution of GAC Group did not exceed 32.4 million RMB. In addition, Guangzhou Yingpeng Investment Management Co., Ltd., a wholly-owned subsidiary of GAC, invested RMB 1 million as the general partner (GP) and manager.

This time, it is planned to establish an intelligent network-connected new energy industry development fund to guide the development of strategic emerging industries and the transformation and upgrading of traditional industries. At the same time, it will accelerate the industrialization of core independent research and development results, improve the level of key technologies, and cultivate GAC Group’s own core leading enterprises. The upstream and downstream of the automobile industry chain have formed an industrial chain ecosystem that can empower the main business, tap the increment of the parts industry, and enhance the competitiveness of core products.

It is understood that in the first half of this year, GAC Group invested more than 3.1 billion RMB in R&D, with a cumulative investment of more than 42 billion RMB. It has filed more than 16,000 patent applications, including more than 6,000 invention patent applications.

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The official data is as follows:

• From January to September this year, the cumulative sales of Trumpchi MPV models were nearly 120,000 units, a cumulative year-on-year increase of 60.9%, ranking first in the Chinese MPV market.
• In September, the sales volume of the MPV family exceeded 10,000 for eight consecutive months, including 11,832 “luxury MPV” models (M8/E9). It claims to have topped the sales list of Chinese brand luxury MPVs and has ranked first in China’s luxury MPVs for a total of 58 months.
• Trumpchi New Energy E9 model has been on the market for 4 months, and the cumulative sales have exceeded 11,175 units.
• The number of users of GAC Trumpchi MPV has exceeded 500,000.
• In the field of MPVs worth more than 200,000 yuan, GAC Trumpchi’s market share has exceeded 10% for three consecutive years, and its market share exceeded 15% in September. Officially, it has become the Chinese brand with the largest market share in this field.
• In the field of MPVs worth more than 100,000 yuan, GAC Trumpchi’s market share exceeds 20%.

GAC Trumpchi ES9 (a plug-in hybrid model similar to the GS8) is now available for pre-sale, with a pre-sale price of 229,800 yuan to 269,800 yuan. The length, width and height of the new car are 5015×1950×1780mm respectively, with a wheelbase of 2920mm. It is equipped with a 2.0TM engine with a maximum engine power of 140kW and a maximum torque of 330N·m. The front motor has a maximum power of 134kW and a maximum torque of 300N·m. The comprehensive maximum power of the system is 274kW. The maximum torque is 630N·m, and the vehicle can accelerate from zero to 100 in 8 seconds.

The new car has a built-in 25.57kWh battery and a 56L fuel tank, which supports 3.3kW external discharge and 5.5kW vehicle-to-vehicle energy replenishment. The CLTC comprehensive working condition feed fuel consumption is 5.23L/100km. The WLTC comprehensive working condition power loss fuel consumption is 6.18L/100km. CLTC comprehensive working condition The comprehensive cruising range under WLTC comprehensive conditions is 1,215km, and the comprehensive cruising range under WLTC comprehensive conditions is 1,016km.

The September car sales of major car companies (as of press time):

• BYD sold 287,500 new energy vehicles in September, a year-on-year increase of 43%; the cumulative sales in the first nine months were 2.0797 million units, a year-on-year increase of 76.23%.
• Geely Automobile sold 170,500 vehicles in September, a year-on-year increase of about 31% and a record high.
• Changan Automobile’s own brand-new energy vehicles exceeded 50,000 units, Avita 11 delivered 3,083 units, and Deep Blue Automobile delivered 17,370 units, a month-on-month increase of 17.9%.
• GAC Aion delivered 51,596 new cars in September, a year-on-year increase of 72%; cumulative sales from January to September were 350,986 vehicles, a year-on-year increase of 93%.
• Li Auto delivered 36,060 vehicles in September, a year-on-year increase of 212.7%.
• Wuling Bingo sold 24,650 vehicles in September, with cumulative sales of 126,174 vehicles.
• SAIC Volkswagen’s ID. family received orders for more than 20,000 vehicles in September, of which the ID.3 model accounted for 15,000 vehicles. The ID. family has sold more than 160,000 vehicles as of the end of September.
• Leapmotor delivered 15,800 units in September, and a total of 44,325 units were delivered in the third quarter.
• NIO delivered 15,641 new cars in September, a year-on-year increase of 43.8%, and delivered 55,432 cars in the third quarter, a 75.4% increase.
• Xpeng Motors delivered a total of 15,310 new cars in September, a year-on-year increase of 81%.
• Nezha Auto delivered 13,211 units in September, and the cumulative deliveries in the Thai market exceeded 10,000 units.
• SAIC-GM sold 10,002 new energy vehicles in September, a year-on-year increase of 168%.
• Lantu Auto delivered 5,010 vehicles in September, a year-on-year increase of 99%; cumulative sales from January to September increased by 102% compared with the same period.
• Skyworth Automobile delivered a total of 3,635 units in September 2023 and exported 1,420 units overseas, a year-on-year increase of 142%.
• Smart delivered 2,621 new cars in China in September and has delivered a total of 42,866 units.
• ArkFox Motors delivered 2,016 new vehicles in September, and the cumulative delivery volume from January to September was 14,501 vehicles.
• HiPhi Y model delivered 1,556 units in September, a month-on-month increase of 52.4%.

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AION that the AION Y Plus model is a right-hand drive overseas version tailored for the Thai market and has been certified by the Thai Department of Land Transportation (DLT). In June this year, GAC AION signed a memorandum of cooperation with the first dealer in Thailand, officially announcing its entry into the Thai market.

In July, a delegation from Thailand’s Eastern Economic Corridor (EEC) paid a return visit to GAC AION, and both sides held in-depth discussions on localized production and investment.

It is worth mentioning that the 2023 AION Y Plus was launched in April this year, with a price range of RMB 119,800-153,800 yuan. The car’s appearance has not been adjusted much, length, width and height are 4535/1870/1650mm, the wheelbase is 2750mm; the maximum power of the motor is 100/150kW, the maximum torque is 176/225kW, and the built-in battery is 51.9/61.7/69.98kWh, with a range of up to 610km.

It is worth mentioning that the 2023 AION Y Plus was launched in April this year, with a price range of RMB 119,800 – RMB 153,800. The car’s appearance has not been adjusted much, length, width and height are 4535/1870/1650mm, the wheelbase is 2750mm; the maximum power of the motor is 100/150kW, the maximum torque is 176/225kW, and the built-in battery is 51.9/61.7/69.98kWh, with a range of up to 610km.

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According to the data, the total sales of GAC Group reached 177,224 vehicles in April, an increase of 42.57% year-on-year, and the sales of Electric vehicles in April accounted for 26.2%.

In addition, BAE’s April sales reached 41,012 units, up 301.61% year-on-year, accounting for 88.3% of BAE’s new energy vehicle sales.

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In March, Guangzhou Automobile Group sold 231,735 vehicles, a year-on-year increase of 1.87%, and its cumulative sales this year were 539,875 vehicles, a year-on-year decrease of 11.23%.

Among them: the production of new energy vehicles in March was 54,503 units, a year-on-year increase of 131.96%; the sales volume of new energy vehicles in March was 44,079 units, an increase of 89.83% year-on-year.

GAC Aion’s car production in March reached 49,300, a year-on-year increase of 137.72%; this year’s cumulative production was 87,339 vehicles, a year-on-year increase of 99.07%; March sales were 40,025 vehicles, a year-on-year increase of 97.00%; this year’s cumulative sales The number reached 78,318, a year-on-year increase of 74.53%.

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In 2022, the total gross profit of GAC Group will be 5.974 billion yuan, an increase of 30.21% over the same period of the previous year, and the gross profit rate will be 5.43%, a decrease of 0.63 percentage points from the same period of the previous year. Among them, the gross profit margin of the vehicle manufacturing sector was 3.03%, a year-on-year decrease of 1.04%. According to the report, it was mainly due to the Group’s overcoming the impact of the shortage of automotive chip supply and rising raw material prices, the year-on-year increase in production and sales of self-owned brand models, and the corresponding increase in cost and scale benefits.

The report that in terms of sales, GAC Group will sell 2.4338 million vehicles in 2022, a year-on-year increase of 13.50%, of which new energy vehicles will sell 309,500 vehicles, a year-on-year increase of 116.69%. In addition, GAC Group’s self-owned brand sales in 2022 will be 633,700 vehicles, of which new energy vehicle sales accounted for about 43%; joint venture brand vehicle sales will reach 1.8 million, a year-on-year increase of 5.89%.

Specific to each brand, the annual sales volume of GAC Passenger Vehicles was 362,500 vehicles, a year-on-year increase of 11.83%; the annual sales volume of GAC Ai Anan was 271,200 vehicles, a year-on-year increase of 125.67%; the production and sales volume of GAC Toyota exceeded 1 million vehicles, a year-on-year increase of over 20%; The cumulative production and sales of GAC Honda for the whole year exceeded 740,000 vehicles.

At the 2022 Guangzhou Auto Show held at the end of last year, GAC Group released the 2030 “Trillion GAC 1578 Development Outline”, proposing to strive to achieve the goal of producing and selling more than 4.75 million vehicles, revenue of 1 trillion, and profits and taxes of 100 billion by 2030. For 2023, GAC Group stated that it will challenge the target of a 10% year-on-year increase in automobile production and sales.

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GAC Group announced in July last year that it agreed to the implementation of the project between its subsidiary EAN and Huawei (AH8 models). This also means that EAN became the third automotive company to confirm the Huawei Inside model after BAIC and Changan.

According to the strategic cooperation agreement signed between AH8 and Huawei, the two companies will jointly define and co-develop a series of future-oriented smart cars based on GAC’s GEP3.0 chassis platform, a new-generation smart car digital platform built by Huawei’s CCA (Computing and Communication Architecture), and equipped with Huawei’s full-stack smart car solutions.

On August 13 last year, Xiao Yong, deputy general manager of GAC Aion, spouted at a conference forum that “Huawei is a big-name supplier, its prices are relatively high and uncontrolled, and when we want to work with Huawei, we will find that we basically have no bargaining power.”

Caixin.com reported that an insider close to Huawei revealed that the in-depth cooperation project between Huawei and GAC Aian has been suspended, and the two parties are now in a parts supply and procurement relationship. In response to this news, the relevant person in charge of Aian responded to Jiemian News, saying, “It is not true. Our cooperation project with Huawei is still progressing normally.” Huawei did not respond.

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In response to the problem of chip localization, Feng Xingya said that China produced and sold more than 27 million cars last year, accounting for one-third of the world. China’s demand for automotive-grade chips is particularly high, so it is even more necessary to localize the production of chips in China to ensure continuous production and operation. As a vehicle manufacturer, GAC Group should also pay attention to the development of the parts industry and make efforts for the healthy and sustainable development of the parts industry. On the one hand, it will buy more domestic chips and encourage chip companies to strengthen R&D and production. On the other hand, GAC Group will also increase investment in chip companies to help them develop better.

When talking about the development of new energy vehicles, Feng Xingya pointed out that new energy vehicles are still in the development stage, and there will be good development in the future, and their development prospects are very clear. China’s “New Energy Vehicle Industry Development Plan (2021-2035)” proposes that the penetration rate of new energy vehicles should reach 20% in 2025, but in 2022, China’s new energy vehicle penetration rate will exceed 20%, close to 26%. The goals for the next few years must also be achieved ahead of schedule. According to the estimates of third-party companies, it is estimated that by 2030, the overall sales of passenger vehicles in China will be about 28 million, of which new energy (including pure electric and plug-in hybrid) will account for nearly 70%.

Regarding the Indian market, Feng Xingya said that he is very optimistic about the Indian market and believes that the Indian market is one of the most potential markets. His previous visit to India gave him the impression that India is not a big oil-producing country, and there is pressure on the supply of oil and other fuels, so it is necessary to develop electric vehicles. In addition, India’s tax policy will vary depending on the size and performance parameters of the car. Therefore, GAC Group needs to develop products for the Indian market, and it will also need to produce locally in India in the future.

GAC Group’s car sales in February 2023 will be 161,219, a year-on-year increase of 12.38%; February car production will be 175,087 vehicles, a year-on-year increase of 15.25%.

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