In the announcement, Guangzhou Automobile Group emphasized that it agreed to participate in bidding for 49% equity of Guangzhou Automobile Passenger Car (Hangzhou) Co., Ltd. (hereinafter referred to as "Hechuang Automobile", which directly or indirectly holds 25% equity) at a price not lower than the reserve price of public listing, and the source of funds was raised by the enterprise itself.
According to the data, Guangzhou Automobile Passenger Car (Hangzhou) Co., Ltd. originated from Gio Automobile and is one of the earliest independent brands in China. Enterprises have the production qualification of mini-cars, cars, SUVs and pickup trucks. 20 10 in April, Gio Group and Guangzhou Automobile Group formally reached a strategic cooperation, and gac gonow Automobile Co., Ltd. was formally established in February, 10% of which Guangzhou Automobile Group holds 5 1% and Gio Group holds 49%. However, gac gonow lost money on 20 14 and 20 15. After the MPV model Xinglang (parameter picture) was put into use, Gio could not invest according to the equivalent shares. On 20 16, Guangzhou automobile passenger car took over Hangzhou factory as a whole. At that time, Guangzhou automobile passenger car was in a rapid development stage, and the upgraded Hangzhou factory became the production base of Guangzhou Automobile Chuanqi, and achieved several profits in 20 16.
Guangzhou Automobile Passenger Car (Hangzhou) Co., Ltd. had a total investment of 654.38+0.8 billion yuan, which was completed on February 26th, 2065.438+07. The overall production capacity is planned to be 400,000 vehicles/year, and 200,000 vehicles/year will be completed in the first phase. At the same time, it has the production capacity of traditional fuel vehicles and new energy vehicles. In addition to Hangzhou, Guangzhou Automobile Passenger Cars also set up factories in Guangzhou, Xinjiang and Yichang. However, the development of GAC passenger cars is not optimistic at present. According to the financial report of Guangzhou Automobile Group, in 2020, the annual production capacity of Guangzhou Automobile Passenger Cars will be 820,000, and the annual sales volume will be 345,900. The capacity utilization rate is only 42 18%, and the capacity is obviously idle.
As a participant in the Guangzhou Automobile Passenger Car Auction, Hechuang Automobile was formerly known as Guangzhou Automobile Weilai. The company was established in April 20 18, and is jointly owned by Guangzhou Automobile Group, Guangzhou Automobile Aian, Weilai Fund, Weilai Automobile and the founding team. Its brand is Hechuang Haikang. One year after the establishment of GAC Weilai, the first model and HYCAN 007 were officially listed, and the subsidized price was 259,800-279,800 yuan. However, after the launch of the new car, the performance is not satisfactory, and the monthly sales volume is basically maintained at around 100.
It is understood that Hechuang Automobile is currently produced by GAC Aian. If we can acquire 49% equity of Guangzhou Automobile Passenger Vehicle (Hangzhou) Co., Ltd., Hechuang Automobile may be able to change the production mode, and the production capacity of Guangzhou Automobile Passenger Vehicle can be reasonably utilized. The relevant person in charge of Guangzhou Automobile Group said: "If the bid is successful, Hechuang will acquire 49% equity of Guangzhou Automobile Passenger Vehicle (Hangzhou) Company, and Guangzhou Automobile Passenger Vehicle still holds 5 1% equity of Guangzhou Automobile Passenger Vehicle (Hangzhou) Company. Guangzhou Automobile Passenger Vehicle (Hangzhou) Co., Ltd. will comprehensively consider the willingness of all parties to cooperate and rationally allocate production capacity according to market demand. "