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Guangzhou Automobile Industry Group Company Limited
Type State-owned enterprise
Founded 2000
Headquarters Guangzhou, Guangdong, China
Area served China
Key people Chairman: Mr. Zhang Fangyou
Industry Automobile
Subsidiaries Denway Motors
Website Guangzhou Automobile Group Company Limited
Guangzhou Automobile Industry Group Co Ltd[1] is a joint stock holding company that owns several Chinese automakers. A state-owned enterprise,[1] it is also known as GAIG (
中文:
).

A Chinese partner of Japanese companies Toyota and Honda,[2] GAIG owns Chinese production bases that churn out Chinese market versions of the Japanese carmakers' models, which sell well in Southern China.[2]

HistoryEdit

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.

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

Own brandEdit

In 2007 GAIG was planning 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] The Chinese State may have been an early driving force behind GAIG own-brand efforts.[5]

The goal of self-branded sales was also brought up on its website in 2010.[1]

Cars selling under the first car brand exclusive to GAIG, Trumpchi, went on offer in 2011. The sole[citation needed] model is a sedan.[6] The car went on sale in 2011,[7] but the first six months of sales disappointed.[8]

A Trumpchi-branded SUV will be added to the model line in April 2012.[9]

HoldingsEdit

The company has ownership in a number of Chinese automakers; an incomplete list of GAIG holdings follows.

Toyota joint ventureEdit

Main article: Guangqi Toyota Automobile

As of 2007 this equally-owned (50/50)[10] joint venture was based in Guangzhou, Guangdong province, and produced a Chinese-market Camry.[5]

Guangzhou Automobile Group Co LtdEdit

Main article: Guangzhou Automobile Group

Guangzhou Automobile Group Co Ltd was founded in 1997,[3] and by 2005[11] it had become a holding of GAIG.[12] As of 2009 it is the 6th largest automaker in China.[13]

Honda joint ventureEdit

Main article: Guangqi Honda Automobile

A joint venture between GAIG subsidiary Guangzhou Automobile Group and Honda,[14] it makes Honda-branded autos for the Chinese market.

ReferencesEdit

Smallwikipedialogo This page uses some content from Wikipedia. The original article was at Guangzhou Automobile Industry Group. The list of authors can be seen in the page history. As with Tractor & Construction Plant Wiki, the text of Wikipedia is available under the Creative Commons by Attribution License and/or GNU Free Documentation License. Please check page history for when the original article was copied to Wikia

  1. 1.0 1.1 1.2 Home > About Us > Introduction GAIG Official Site
  2. 2.0 2.1 BAIC invests $736 mln to restructure Baolong's production base gasgoo.com, August 19, 2010
  3. 3.0 3.1 Milestones Guangzhou Automobile Industry Group Official Site
  4. GAIG Stock Co., Ltd. investing.businessweek.com
  5. 5.0 5.1 5.2 Guangzhou Automobile Industry Group. Webb, Alysha, Automotive News, 5/14/2007 Supplement, Vol. 81
  6. "New Models from the 2010 Guangzhou Auto Show (1): GAC Trumpchi", ChinaAutoWeb.com. 
  7. GAC listed after 8-year marathon people.com.cn, September 06, 2010
  8. Lee, Carmen (August 24, 2011). "2011 sales of Trumpchi below expectations", gasgoo.com. Retrieved on 01/30/2012. 
  9. Lee, Carmen (November 29, 2011). "New GAC SUV to make market debut next year", gasgoo.com. Retrieved on 01/30/2012. 
  10. Toyota Motor China Investment Co. Treece, James B., Automotive News, 5/14/2007 Supplement, Vol. 81
  11. Company Profile Guangzhou Automobile Group Official Site
  12. Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot
  13. HK float for Guangzhou Auto chinadaily.com.cn, 2010-January-23
  14. China's Guangqi Honda at 95 pct of 2009 sales target reuters.com, Sun Nov 22, 2009 8:30pm EST

External linksEdit

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