2238 on Hong Kong Stock Exchange

GAC Group

Chinese state-owned car manufacturer

Guangzhou Automobile Group Co., Ltd. (GAC Group) is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. As of 2021, it was the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021. The company produces and sells vehicles under its own branding, such as Hyptec, Trumpchi, Aion, Hycan as well as under foreign-branded joint ventures such as GAC Toyota and GAC Honda.2 Its revenue was CN¥13 billion in 2012.1 It is part of Guangzhou Automobile Industry Group.1 Its shares trade on Hong Kong Stock Exchange under the symbol 2238.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

Jun 1997Founded1

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  • Ticker2238 on Hong Kong Stock Exchange1
  • Industryautomotive industry1
  • HeadquartersGuangzhou1
  • Founded inGuangzhou1
  • Websitewww.gac.com.cn
  • Legal formjoint-stock company1
  • Listed onShanghai Stock Exchange (601238), Hong Kong Stock Exchange (2238)1
  • Slogan“Crafted By The Driven”1
  • LEI5299005KY9BJO3ZE6A373
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered addressChengyue Building, 448-458 Dongfengzhong Road, 510030 Guangzhou, China3
  • Registered withState Administration for Market Regulation, 91440101633203772F3
GAC Motor, Paris Motor Show 2018, IMG 0586
Photo: Alexander Migl, CC BY-SA 4.0, via Wikimedia Commons5

Guangzhou Automobile Group Co., Ltd. (GAC Group) is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. As of 2021, it was the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021.2

Corporate structure

GAC Group is part of a group headed by Guangzhou Automobile Industry Group. 19 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What GAC Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Tongsheng Machining Plant, the predecessor of Guangzhou automobile manufacturing plant, was founded in 1948, and in 2005 become a holding of Guangzhou Automobile Industry Group and a joint-stock company. As of 2009, it was the 6th-largest automaker in China.

In 2009, the company acquired 29% of the Chinese sport-utility vehicle maker Changfeng Automobile, becoming its biggest shareholder. GAC purchased the remaining portion of Changfeng in 2011 completing its acquisition of the company.

Previously a backdoor listing via Denway Motors, GAC became listed under its own name on the Stock Exchange of Hong Kong in 2010. In that year shareholders of Denway Motors approved its privatization by GAC. Denway Motors was subsequently delisted on 25 August 2010 and replaced by Guangzhou Automobile Group (SEHK: 2238) on 30 August 2010 via stock swap.

In late 2010 GAC purchased 51% ownership of Gonow, a midsize Chinese automaker of sport-utility vehicles, subcompacts, and pickup trucks.

In December 2010 GAC launched the new Trumpchi marque. Its initial product was based on the Alfa Romeo 166.

In 2010 GAC was among the ten largest Chinese carmakers reaching number six and selling 724,200 vehicles.

2011 saw the company retain its position as the sixth-largest Chinese automaker by production volume, with GAC making 740,400 vehicles in that year.

In early 2012, the company was listed on the Shanghai Stock exchange.

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On 17 November 2023, GAC Group announced the independent development of key technologies, including all-solid-state batteries, cobalt-free batteries, low-cobalt batteries, and sodium-ion batteries. The company aims to achieve the integration of all-solid-state batteries into automobiles by 2026.

In 2023 the company developed the first ammonia powered engine for cars.

In November 2023, GAC Group and Huawei signed a cooperation agreement that GAC would create a new high-end electric brand in addition to Trumpchi, Aion and Hyptec, both sides will cooperate in product development, marketing and ecological services.

On 2 November 2024, GAC Group's headquarters moved from the GAC Center in the CBD of Zhujiang New Town to Panyu Auto City.

Collaboration with Huawei

In March 2025, GAC Group established Huawang Automotive Technology (Guangzhou) Co., Ltd. (trade as Huawang Automotive). The company will collaborate with Huawei to develop an independent high-end automotive brand. Huawang's new models will incorporate Huawei's intelligent driving software, smart cockpit systems, and intelligent vehicle control solutions.

In August 2025, GAC Group announced that its controlling subsidiary, GAC Aion, invested 600 million yuan in Huawang Automotive. Upon completion of the capital increase, GAC Group directly holds 71.43% of the equity in Huawang and indirectly holds 28.57% through GAC Aion. GAC Group stated that Huawang Automobile will collaborate with Huawei's IPD (Integrated Product Development) and IPMS (Integrated Product Marketing and Sales) systems, covering aspects from product definition and marketing to ecosystem services. The sales operations will be handled by a new team within the joint venture company.

In September 2025, Huawei and GAC Group officially launched the Qijing brand (Chinese: 启境) operated by Huawang Automotive. It will deeply integrated with Huawei in areas such as technology, ecosystem development, and brand marketing.

Collaboration with FAW Group

In September 2026, GAC Group announced that it planned to acquire part of the equity of a vehicle joint venture held by FAW Group through the issuance of shares, and to raise supporting funds. Upon completion of the transaction, FAW Group will become the second largest shareholder of GAC Group.

From Wikipedia’s article on GAC Group, shared under CC BY-SA 4.0.4

Leadership

Who has led GAC Group, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)

Products and brands

Brands

Trumpchi/GAC

Trumpchi is an automotive marque owned by GAC Group and launched in December 2010. Trumpchi brand is marketed as GAC outside China. It was launched in December 2010. The Trumpchi brand is operated in Chinese domestic market while it is rebranded as GAC Motor in overseas markets.

Aion

Aion is the mainstream brand of GAC Aion, the subsidiary for electric vehicle of GAC Group. It was founded in 2017 as the GAC New Energy Automobile. Its current name was adopted in November 2020. It produces battery electric vehicles under the premium Hyptec brand and the eponymous Aion brand.

As of 2023, GAC Aion is the third-largest battery electric vehicle brand after Tesla and BYD Auto, both in China and globally by producing 480,003 vehicles.

Hyptec

Hyptec is the premium brand under GAC Aion. The brand was created in September 2022 as Hyper, with a goal to expand GAC Aion's portfolio with a separate premium brand.

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Hyptec's first product is the Hyptec SSR sports car. Production of the SSR began in October 2023. In 2023, the Hyper lineup was further expanded with a second model, the Hyptec GT sedan, which went on sale in July 2023. In October of the same year, the mid-size SUV coupe Hyptec HT debuted, with sales beginning in the domestic market in November 2023. In August 2024, the brand's Western name was changed from Hyper to Hyptec.

Aistaland

The Aistaland or Qijing brand, launched on September 19, 2025, is operated by Huawang Automotive with collaboration from Huawei. Its first vehicle is the Aistaland GT7.

GAC Commercial Vehicle

GAC Commercial Vehicle is a brand of GAC Group targeted at manufacturing commercial electric vehicles. It used to be a joint venture between Hino and GAC for producing Hino-based trucks and was acquired by GAC Group in 2024.

Changfeng Motor (Leopaard)

In 2009, GAC bought 29% ownership of Changfeng Motor. The purchase was supposedly imposed by the Chinese state as a condition of a then-upcoming joint venture with Fiat. GAC completed its acquisition of Changfeng in 2011. In 2012, Changfeng Group began moves to re-enter the vehicle business culminating in the move to a new headquarters in Changsha in January 2013 and the establishment of a new subsidiary, Hunan Liebao Automobile Co. Ltd., alongside the continuing Anhui Changfeng Yangzi Automobile Manufacturing Co., Ltd., to oversee manufacturing and marketing of vehicles under the Liebao or "Leopaard" brand.

Gonow

Gonow (officially Zhejiang Gonow Auto Co., Ltd.) is a Chinese manufacturer of automobiles, commercial vehicles and SUV's headquartered in Taizhou, Zhejiang and a subsidiary of GAC Group. It markets its products under the brand name GAC Gonow in China and as Gonow in other markets.

International operations

GAC Group has been vocal about its plans to introduce models into the United States. Trumpchi made its first appearance at the North American International Auto Show in Detroit in January 2013, where the Trumpchi E-Jet concept made its world debut. In 2017, the company returned to Detroit and showed three SUVs and two sedans. In January 2018, Trumpchi brought five new models and a concept SUV, the Enverge. GAC established research and development teams in Silicon Valley and Los Angeles in 2017 and 2018, respectively. During the 2019 Detroit Auto Show they announced delays to their sales plans to the first half of 2020. On 22 May 2019, the company indefinitely postponed their US market plans due to Donald Trump's trade war with China.

On 15 May 2015, GAC Group launched a ceremony to celebrate the opening of its Lebanese office under

Bazerji Motors SAL. On 29 May 2015, GAC Group partnered with Doha Marketing and Services Company (DOMASCO), to market and sell their vehicles to the local customers in the Middle East.

On 20 November 2020, GAC Group established a branch in Chile.

On 10 June 2025, GAC Group officially opened its Indonesia factory in Purwakarta with a production capacity of 20,000 cars annually.

On 18 November 2025, GAC Group launched in Australia.

From Wikipedia’s article on GAC Group, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

Subsidiaries

Also owns

From Wikidata.1

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

  • 201213.0B CNY1

Net income

  • 20121.1B CNY1

Timeline

  1. Aug 30, 2010Went public Listed on Hong Kong Stock Exchange1
  2. 2005Acquired Acquired by Guangzhou Automobile Industry Group1
  3. Jun 1997Founded Founded in Guangzhou1

Sources

The numbers on this page point here. Each one links to the record it came from.

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