What's the difference between GAC Finance and GAC Leasing?

The difference between GAC Finance and GAC Leasing is mainly the difference in business; Guangzhou Automobile Leasing mainly provides customers with services such as direct auto financing leasing and auto financing leaseback. The business scope of Guangzhou Auto Finance Company includes auto finance business. (Projects subject to approval according to law can only be operated after approval by relevant departments).

Brief introduction of GAC Chuanqi

Guangzhou Automobile Group Co., Ltd. (hereinafter referred to as Guangzhou Automobile Group) was formerly Guangzhou Automobile Group Co., Ltd. and was established in June 1997. On June 28, 2005, Guangzhou Automobile Industry Group Co., Ltd., Wanxiang Group Co., Ltd., China Machinery Industry Group Co., Ltd., Guangzhou Iron and Steel Enterprise Group Co., Ltd. and Guangzhou Changlong Hotel Group Co., Ltd. were co-sponsors, and the original Guangzhou Automobile Group Co., Ltd. was transformed into a state-controlled large-scale joint-stock enterprise group, which was established by way of sponsorship. It is the first enterprise in China automobile industry to introduce a number of joint venture partners at the group level and set up a joint-stock company through restructuring.