Summary
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 edit
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.[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.
Holdings edit
The company has ownership in a number of Chinese automakers.
Guangzhou Automobile Group Co Ltd edit
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 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 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
- ^ Company Profile Archived 7 July 2011 at the Wayback Machine Guangzhou Automobile Group Official Site
- ^ Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot
External links edit
- GAIG Official Site
- GAC Official Site
- Guangqi Honda (Chinese) Archived 2 December 2010 at the Wayback Machine
- Guangzhou Toyota Motor (Chinese)