Is Guangzhou Automobile Group a state-owned enterprise or a central enterprise?

Guangzhou Automobile Group is neither a state-owned enterprise nor a central enterprise, but a large state-controlled joint-stock enterprise group. Guangzhou Automobile Group refers to Guangzhou Automobile Group Co., Ltd., which was established on June 28, 2005. Its predecessor can be traced back to Guangzhou Automobile Group Co., Ltd. established in 1997. After the shareholding system reform, Guangzhou Automobile Group was established by 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., and became a large state-owned joint-stock enterprise group. This reform not only injected new vitality into Guangzhou Automobile Group, but also made the company the first model in China automobile industry to set up a joint-stock company at the group level.

Main business and product line

Guangzhou Automobile Group has a wide range of business, covering automobile research and development, vehicle manufacturing (including automobiles and motorcycles), parts production, business services and travel services, investment services and finance. It owns well-known enterprises and R&D institutions such as Guangzhou Automobile Research Institute, Guangzhou Automobile Chuanqi, Guangzhou Automobile Aian, Guangzhou Automobile Honda, Guangzhou Automobile Toyota, Guangzhou Automobile Mitsubishi, Guangzhou Automobile International, Guangzhou Automobile BYD and Wuyang Honda.

Market performance and performance

In recent years, Guangzhou Automobile Group has performed well in the market. Taking the performance in 2022 as an example, Guangzhou Automobile Group produced 2,479,900 vehicles and sold 2,433,800 vehicles, increasing by 16.0% and 13.5% respectively, far exceeding the industry average. This achievement made Guangzhou Automobile Group's production and sales scale rise to the fourth in the industry, and its market share increased to about 9. 1%, a record high.

R&D and Innovation

Guangzhou Automobile Group attaches great importance to R&D and innovation. Through continuous investment and introduction of advanced technology, Guangzhou Automobile Group has continuously improved product quality and performance. As the core research and development institution of the Group, Guangzhou Automobile Research Institute has made great achievements in the fields of new energy vehicles and intelligent driving. Guangzhou Automobile Group has also established cooperative relations with many internationally renowned enterprises to promote the innovation and development of automobile technology.

Corporate honor and ranking

In March, 2023, the Concept and Modeling Design Center of Automotive Engineering Research Institute of Guangzhou Automobile Group Co., Ltd. was selected as the recommended object list of National Worker Pioneer. In July, 2023, he was listed on the 2023 Fortune China 500 list, ranking 126. In July 2023, Guangzhou Automobile Group Co., Ltd. won the China Design Gold Award. In 2023, the second world's top ten electric drive dual-speed dual-motor "four in one" integrated electric drive. In 2023, GAC Chuanqi won the title of "The First Top Ten Hybrid Systems in the World". In August 2023, it ranked 165 in the Fortune Global 500 list in 2023. June, 5438+February, 2023, it was selected into Guangzhou Provincial Enterprise Technology Center. From June 5438 to June 20241October, the independent R&D team of Guangzhou Automobile Group Co., Ltd. won the title of National Excellent Engineer Team.

Social responsibility and sustainable development

While pursuing economic benefits, Guangzhou Automobile Group also actively fulfills its social responsibilities. The company is committed to promoting green travel and sustainable development, and reducing environmental pollution by developing and popularizing new energy vehicles and optimizing production processes. In addition, Guangzhou Automobile Group also actively participates in social welfare undertakings and charitable activities to give back to the society.