 | |
| 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 (
).
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]
History[]
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 brand[]
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]
Holdings[]
The company has ownership in a number of Chinese automakers; an incomplete list of GAIG holdings follows.
Toyota joint venture[]
- 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 Ltd[]
- 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 venture[]
- 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.
References[]
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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 |
- ↑ 1.0 1.1 1.2 Home > About Us > Introduction GAIG Official Site
- ↑ 2.0 2.1 BAIC invests $736 mln to restructure Baolong's production base gasgoo.com, August 19, 2010
- ↑ 3.0 3.1 Milestones Guangzhou Automobile Industry Group Official Site
- ↑ GAIG Stock Co., Ltd. investing.businessweek.com
- ↑ 5.0 5.1 5.2 Guangzhou Automobile Industry Group. Webb, Alysha, Automotive News, 5/14/2007 Supplement, Vol. 81
- ↑ "New Models from the 2010 Guangzhou Auto Show (1): GAC Trumpchi", ChinaAutoWeb.com.
- ↑ GAC listed after 8-year marathon people.com.cn, September 06, 2010
- ↑ Lee, Carmen (August 24, 2011). "2011 sales of Trumpchi below expectations", gasgoo.com. Retrieved on 01/30/2012.
- ↑ Lee, Carmen (November 29, 2011). "New GAC SUV to make market debut next year", gasgoo.com. Retrieved on 01/30/2012.
- ↑ Toyota Motor China Investment Co. Treece, James B., Automotive News, 5/14/2007 Supplement, Vol. 81
- ↑ Company Profile Guangzhou Automobile Group Official Site
- ↑ Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot
- ↑ China's Guangqi Honda at 95 pct of 2009 sales target reuters.com, Sun Nov 22, 2009 8:30pm EST
External links[]
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