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Started in 1997, it covers the R & D and manufacturing of complete vehicles and parts, Guangzhou Automobile Group Co., Ltd., a joint venture with Toyota / Honda / Mitsubishi / Fiat Chrysler, was founded on June 28, 2005. Its headquarters is located in Zhujiang New Town, Tianhe District, Guangzhou. At present, it has more than 84000 employees. It is a large state-owned holding joint-stock automobile group that realizes the overall listing of a + H shares. GAC group was founded in June 1997 as Guangzhou Automobile Group Co., Ltd. GAC group adheres to joint venture cooperation and independent innovation for common development. Its business covers R & D, manufacturing, automobile business service and automobile finance of complete vehicles (automobiles and motorcycles) and spare parts. It has become one of the automobile groups with a relatively complete domestic industrial chain, and also an enterprise with multiple non banking financial licenses such as insurance, insurance brokerage, automobile finance, capital, finance and financial leasing Industry group. At present, GAC group has dozens of enterprises and R & D institutions including GAC passenger cars, GAC Honda, GAC Toyota, GAC Mitsubishi, GAC Fiat Chrysler, GAC Research Institute, etc. In 2017, GAC group's own brand, Japanese joint venture and European and American joint venture three core vehicle business segments achieved growth, with automobile production and sales reaching 2 million vehicles, an increase of more than 20% year-on-year, a record high. Looking forward to the 13th five year plan, GAC group will continue to strengthen and implement the five sectors, develop its own brand with the strength of the whole group, realize the leapfrog development of its own brand business, and achieve major breakthroughs in three aspects: electrification, internationalization and networking. By 2020, GAC group will strive to double the main indicators compared with the end of the 12th Five Year Plan, complete the production and sales of 2.4 million vehicles, business income of more than 400 billion yuan, and total profits and taxes of more than 50 billion yuan.

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