Guangzhou Automobile Industry Group

Guangzhou Automobile Industry Group Company Limited
State-owned enterprise
Industry Automobile
Founded 2000
Headquarters Guangzhou, Guangdong, China
Area served
 People's Republic of China
Key people
 Chairman: Mr. Zhang Fangyou
Subsidiaries GAC Group
Denway Motors
Website Guangzhou Automobile Group Company Limited

Guangzhou Automobile Industry Group Co Ltd (GAIG, Chinese: 广州汽车工业集团)[1] is a Chinese state-owned joint stock holding company that owns several Chinese automakers.

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 as of 2010.[2]

It may have a joint venture with Johnson Controls, which should have started production in 2010[3] although the latter company's Chinese partner may be Guangzhou Automobile Group instead.

It subsidiary companies managed to manufacture more than 650,600 units in 2011 placing the company as the 6th most-productive on the domestic market.[4]

History

Born during a reconstruction of the Guangzhou automotive industry in 2000,[5] 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.[6]

Own brand

Cars selling under the first car brand exclusive to GAIG, Trumpchi, went on offer in 2011. The sole model is a sedan.[7] The car went on sale in 2011,[8] but the first six months of sales disappointed.[9]

A Trumpchi-branded SUV will be added to the model line in April 2012.[10]

Development

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.[11] The goal of self-branded sales was also brought up on the company's website in 2010.[1]

The Chinese State may have been an early driving force behind GAIG own-brand efforts.[11]

Holdings

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

Toyota joint venture

As of 2007, this equally owned (50/50)[12] joint venture was based in Guangzhou, Guangdong province, and produced a Chinese-market Camry.[11]

Guangzhou Automobile Group Co Ltd

Guangzhou Automobile Group Co Ltd (SEHK: 2238) was founded in 1997,[5] and by 2005[13] it had become a holding of GAIG.[14] As of 2009, it is the 6th largest automaker in China.[15]

Honda joint venture

A joint venture between GAIG subsidiary Guangzhou Automobile Group and Honda,[16] it makes Honda-branded autos for the Chinese market.

Fiat joint venture

Main article: GAC Fiat

Fiat signed on to a joint venture with GAC on 6 July 2009,[17][18] and GAC FIAT Automobiles Co Ltd was incorporated on 9 March 2010.[19] The new company has a production base in Changsha, Hunan Province,[20] that opened on 28 June 2012[21] to manufacture the Dodge Dart-based Fiat Viaggio.[22]

References

  1. 1 2 Home > About Us > Introduction GAIG Official Site
  2. 1 2 BAIC invests $736 mln to restructure Baolong's production base gasgoo.com, August 19, 2010
  3. ↑ Momentum: China's automotive components sector emerging from the crisis (PDF). KMPG Huazhen. 2009. p. 7. Retrieved 3 January 2012.
  4. ↑ 2011年1-11月前十家汽车生产企业销量排名. China Association of Automobile Manufacturers (CAAM). 16 December 2011. Retrieved 7 January 2012.
  5. 1 2 Milestones Guangzhou Automobile Industry Group Official Site
  6. ↑ GAIG Stock Co., Ltd. investing.businessweek.com
  7. ↑ "New Models from the 2010 Guangzhou Auto Show (1): GAC Trumpchi". ChinaAutoWeb.com.
  8. ↑ GAC listed after 8-year marathon people.com.cn, September 06, 2010
  9. ↑ Lee, Carmen (August 24, 2011). "2011 sales of Trumpchi below expectations". gasgoo.com. Retrieved 2012-01-30.
  10. ↑ Lee, Carmen (November 29, 2011). "New GAC SUV to make market debut next year". gasgoo.com. Retrieved 2012-01-30.
  11. 1 2 3 Guangzhou Automobile Industry Group. Webb, Alysha, Automotive News, 5/14/2007 Supplement, Vol. 81
  12. ↑ Toyota Motor China Investment Co. Treece, James B., Automotive News, 5/14/2007 Supplement, Vol. 81
  13. ↑ Company Profile Guangzhou Automobile Group Official Site
  14. ↑ Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot
  15. ↑ HK float for Guangzhou Auto chinadaily.com.cn, 2010-January-23
  16. ↑ China's Guangqi Honda at 95 pct of 2009 sales target reuters.com, Sun Nov 22, 2009 8:30pm EST
  17. ↑ "广汽菲亚特" [Guangzhou Automobile Fiat]. Gacfiatauto.com. 2012-04-03. Retrieved 2012-04-13.
  18. ↑ Rowley, Ian (2009-07-07). "Fiat Focuses on China". businessweek.com.
  19. ↑ Company Profile GAC Fiat Official Site
  20. ↑ GAC-Fiat ceremony heralds joint venture Han Tianyang (China Daily) 2009-11-30 08:03
  21. ↑ "Fiat opens new Chinese plant to produce Viaggio". MSNBC. 2012-06-28. Retrieved 2012-07-10.
  22. ↑ "2013 Fiat Viaggio". Car and Driver. April 2012. Retrieved 10 July 2010.
This article is issued from Wikipedia - version of the 10/17/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.