GAC Motor Archives

GAC Group and Stellantis JV Bankruptcy Triggers Dealers’ Rights Protection Campaign

The bankruptcy of GAC-FCA, a joint venture established by Netherlands-based automaker Stellantis and China's GAC Group, in late October triggered a dealers' rights protection campaign.

Automated Driving Startup HoloMatic Secures C2 Round of Financing

HoloMatic, an autonomous driving technology company in China, announced on November 11 that it had completed a C2 round of financing, led by GAC Capital and followed by Zhidu Investment and Chaos Investment.

Joint Venture Between GAC Motor and Stellantis Files for Bankruptcy

On October 31, Netherlands-based automaker Stellantis announced that the GAC-FCA, a joint venture established by Stellantis and China's GAC Group, will file for bankruptcy in court.

GAC Aion Completes Round-A Financing, Market Value Breaks 100B Yuan

Chinese automaker GAC Group announced on October 20 that its subsidiary GAC Aion has completed round-A financing of 18.294 billion yuan ($2.42 billion) from a total of 53 strategic investors, boosting its post-investment valuation to 103.294 billion yuan.

Traditional Auto Firms Face Overcapacity as EV Market Blooms

Over the past two years, a steady decline in the capacity utilization rate among traditional automakers has become an intensifying industry-wide trend, due to the rapid development of the new energy vehicle market.

GAC AION V Plus 2023 Version Launched

At the Chengdu Motor Show on August 26, GAC AION launched its 2023 AION V Plus pure electric SUV. The new vehicle is available in 10 versions, including a 7-seat version for the first time.

GAC Group to Set Up Battery Firm for Independent Research

Chinese automotive firm GAC Group announced two important proposals on August 25, including one to set up an independent battery company, and another to allow a company it has invested in to build a battery production base.

GAC Group to Invest 2.16B Yuan in Establishment of Electric Drive Tech Firm

On August 11, Chinese state-owned auto manufacturer GAC Group announced plans to set up a new entity tentatively named Electric Drive Technology Company.

GAC Group Enters Flying Car Sector

On July 25, news emerged that Chinese auto giant GAC Group is now developing flying cars. This represents an important measure for the transformation of GAC as a traditional car company.

SenseTime Reaches Strategic Cooperation With GAC Group

SenseTime, an artificial intelligence software company, announced on July 26 that it has reached a strategic cooperation agreement with GAC Group.

BYD and Leapmotor Eye Takeover of Changsha GAC Fick Factory

Chinese automakers including Leapmotor and BYD are currently discussing the possibility of acquiring ownership of GAC Fick's factory in Changsha.

GAC Aion Builds Power Battery Mass Production Line

Aion, a new energy vehicle marque under Guangzhou Automobile Group (GAC Group), is currently establishing a power battery company to promote the industrial layout of self-developed batteries.

Stellantis to Grow Jeep Brand in China With Asset-Light Approach

Stellantis, a multinational automotive manufacturer, announced on July 18 that the company will adopt an asset-light approach to develop its Jeep brand in China.

GAC Motor Releases New Hybrid SUV Emkoo

Chinese automobile brand GAC Motor released a compact SUV model “Emkoo” on Thursday morning, with a design based on GPMA architecture.

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