Guangzhou Automobile Industry Group Co Ltd (GAIG, )[2] is a Chinese state-owned joint stock holding company that owns several Chinese automakers.
A Chinese partner of Japanese companies Toyota and Honda, GAIG owns Chinese production bases that produce Chinese-market versions of the Japanese carmakers' models, which sell well in Southern China as of 2010.[3]
History
Born during a reconstruction of the Guangzhou automotive industry in 2000, GAIG receives considerable support from the governments of Guangdong province and Guangzhou city.
Formerly the Guangzhou Automobile Industry Group Company, it was renamed in 2003.[4]
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.