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.[5]
By 2010, it was selling its own vehicles under the GAC Trumpchi brand. In 2021, GAIG was included in the Fortune World 500 ranking of the world's largest and highest valued companies, ranking 176th.[6]
Holdings
The company has ownership in a number of Chinese automakers.
External links
References
- China Guangzhou Auto's chairman retiring, general manager to take over Reuters, 2016-09-29, retrieved 2021-12-07^
- Home > About Us > Introduction GAIG Official Site^
- BAIC invests $736 mln to restructure Baolong's production base gasgoo.com, August 19, 2010^
- GAIG Stock Co., Ltd. investing.businessweek.com^
- Guangzhou Automobile Industry Group. Webb, Alysha, Automotive News, 5/14/2007 Supplement, Vol. 81^
- 广州汽车工业集团有限公司 retrieved 2024-03-11^
- Milestones Guangzhou Automobile Industry Group Official Site^
- |444 Company Profile Guangzhou Automobile Group Official Site^
- Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot^
- HK float for Guangzhou Auto chinadaily.com.cn, 2010-January-23^