Guangzhou Automobile Group is a large state-owned joint-stock enterprise group established by Guangzhou Automobile Industry Group Co., Ltd., Wanxiang Group Company, China Machinery Industry Group Company, Guangzhou Iron and Steel Enterprise Group Co., Ltd. and Guangzhou Changlong Hotel Co., Ltd. as co-sponsors.
In addition to the above-mentioned automobile brands, there are several well-known enterprises such as GAC parts and GAC Toyota engine.
According to the statistics of Guangzhou Automobile Group's annual sales in 20 19, Guangzhou Automobile Honda sold about 770,900 vehicles and Guangzhou Automobile Toyota sold about 682,000 vehicles, up by 3.95% and 17.59% respectively. Thanks to the sales growth, Guangqi Honda's annual revenue is about 1057 1 1 100 million yuan.