During the period of 1997, Guangzhou automobile industry carried out strategic structural adjustment, successfully changed the partners of car projects, and successively established Guangzhou Honda Automobile Co., Ltd. and Guangzhou Isuzu Bus Co., Ltd., especially after a series of reforms and reorganizations in recent years, which laid the foundation for healthy development and initially established production bases and engineering technology research and development centers for cars, buses, special vehicles and light vehicles, motorcycles and parts. Guangzhou Automobile Industry Group has successively established 38 joint ventures with more than 10 foreign-funded enterprises.
At present, Guangzhou Automobile Industry Group Co., Ltd. has 1 12 wholly-owned and joint ventures. Guangzhou Automobile Group Co., Ltd. (formerly Guangzhou Automobile Group Co., Ltd.), Guangzhou Automobile Group Co., Ltd., Guangzhou Toyota Motor Co., Ltd., Wuyang-Honda Automobile (Guangzhou) Co., Ltd., Guangzhou Isuzu Bus Co., Ltd., Guangzhou Wei Jun Bus Co., Ltd., Guangzhou Yangcheng Automobile Co., Ltd., Guangzhou Automobile Group Parts Co., Ltd., Hong Kong Zhonglong Investment Co., Ltd., Guangzhou Automobile Group Trading Co., Ltd., The main products are Guangzhou Accord, Odyssey, Fit car, Guangzhou Toyota AZ series engine, Guangzhou Gala three series luxury large and medium-sized buses, Wei Jun brand, Zhujiang brand series large and medium-sized buses, Yangcheng brand light buses, trucks, special vehicles, Wuyang brand, Wuyang-Honda brand motorcycles, as well as automobile air conditioning, seats, lamps, springs, shock absorbers and other automobile and motorcycle accessories. Products are sold all over the country, and some products have been exported to Europe, America, Asia and other countries and regions. The first domestic automobile export base project that Guangzhou Automobile Group cooperated with Honda and Dongfeng Motor Company of Japan has been put into production, and the Toyota Motor Project in Guangzhou is stepping up construction.
With China's accession to the WTO, China's economic strength has been continuously enhanced, and people's living standards have been continuously improved, which has brought new development opportunities to China's automobile industry. Guangzhou Automobile Industry Group Co., Ltd. will seize the good development opportunity, learn from foreign advanced technology and management experience, continuously improve the management level of enterprises, actively participate in international competition and cooperation, accelerate the formation of a new industrial structure, and realize the sustained, rapid and healthy development of Guangzhou automobile industry.