Guangzhou Automobile Industry Group
 |
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| State-owned enterprise | |
| Industry | Automobile |
| Founded | 2000 |
| Headquarters | Guangzhou, Guangdong, China |
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Area served
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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) is a Chinese state-owned holding company that owns several Chinese automakers.
A Chinese partner of Japanese companies Toyota and Honda, 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.
It may have a joint venture with Johnson Controls, which should have started production in 2010 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.
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 2005.
Cars selling under the first car brand exclusive to GAIG, Trumpchi, went on offer in 2011. The sole model is a sedan. The car went on sale in 2011, but the first six months of sales disappointed.
A Trumpchi-branded SUV will be added to the model line in April 2012.
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. The goal of self-branded sales was also brought up on the company's website in 2010.
The Chinese State may have been an early driving force behind GAIG own-brand efforts.
The company has ownership in a number of Chinese automakers; an incomplete list of GAIG holdings follows.
As of 2007, this equally owned (50/50) joint venture was based in Guangzhou, Guangdong province, and produced a Chinese-market Camry.
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Wikipedia