Latest news with #GACGroup
Yahoo
6 days ago
- Automotive
- Yahoo
GAC launches in Ethopia with emphasis on NEV ecosystem
China-based GAC International has held a brand launch event in Addis Ababa, capital of Ethiopia, officially announcing its "Ethiopia Action" and introducing two new energy vehicle (NEV) models – the AION Y Plus and the electric SUV ES9. The event was attended by high-level government officials including Chinese Ambassador to Ethiopia, Dr. Alemu Sime Feyisa and Feng Xingya, Chairman and President of GAC Group. Chairman Feng highlighted Ethiopia's 120 million population market and fuel vehicle ban as key NEV opportunities, pledging GAC's green transition support. The company also committed to charging station rollout and 'joint industrial hub development to modernise Ethiopia's auto industry'. Under its "One GAC 2.0" globalisation strategy, GAC said it will leverage its 'built-in energy ecosystem to establish a full-chain industrial ecosystem, delivering end-to-end NEV solutions covering product development, intelligent manufacturing, channels, and services'. GAC's "Ethiopia Action" strategy launches the AION Y Plus and ES9, showcasing pure electric and plug-in hybrid options. GAC has opened the first flagship showroom in Addis Ababa with nationwide expansion planned and said it is also advancing localization via a KD (knock down kits) factory. The Ethiopian Investment Commission and Transport and Logistics of Ethiopia, spoke highly of "Ethiopia Action", confirming the project's inclusion in national automotive strategy, supporting "Made in Ethiopia 2025". GAC also said that as the 'gateway to East Africa, Ethiopia will serve as GAC's key hub for implementing the Belt and Road Initiative and advancing Africa's green mobility transformation'. "GAC launches in Ethopia with emphasis on NEV ecosystem" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
19-05-2025
- Automotive
- Zawya
Chinese car manufacturer introduces EV brand to Ethiopian market
Addis Ababa: Chinese automaker Guangzhou Automobile Group Co., Ltd (GAC Group) has introduced two of its electric vehicle (EV) models to the Ethiopian market, marking the Chinese car brand's entry into the East African country. The company unveiled its AION Y and ES9 models on Saturday at a launch event in Addis Ababa, the capital of Ethiopia. Addressing the event, Zeleke Temesgen, commissioner of the Ethiopian Investment Commission, said the government has taken bold measures to encourage the adoption of EVs to accelerate the country's transition to electric mobility. "The Ethiopian government has already banned the production, import, and assembly of gas-powered cars, so Ethiopia would be an ideal market for reputable companies like GAC Group," said Temesgen. Appreciating GAC Group's commitment to launching its EV brand in Ethiopia, the commissioner called on the company to set up a manufacturing plant so as to take advantage of favorable investment and massive market opportunities, and accelerate Ethiopia's green mobility. Bareo Hassen, Ethiopian state minister of transport and logistics, said the government aspires to achieve green mobility "in the shortest time possible" with the goal of conserving energy and supporting the national economy. As part of the government's push for a transition to electric mobility, more than 100,000 EVs are currently on the road across Ethiopia, which aims to have up to 500,000 EVs in the next 10 years, replacing the majority of cars powered by fossil fuels. Ethiopia is also working to expand EV production and the installation of public charging stations, and offering support and various incentives to private investors, such as free or leased land for investors in EV after-sales services, according to the Ministry of Transport and Logistics. Wei Haigang, president of GAC International, said the company, through its partner Huajian Group, will sell electric vehicles, establish charging infrastructure, and initiate local assembly operations in Ethiopia. Noting Ethiopia's high potential for the EV market, Wei said GAC Group will engage in EV production in the future to tap into the huge market and support the country's transition to electric mobility. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
15-05-2025
- Automotive
- Zawya
Automakers focus on R&D and design investment as China's electric vehicle exports increase
GUANGZHOU, CHINA - Media OutReach Newswire - 15 May 2025 - The market size of new energy vehicles in China is expanding, and automakers are constantly carrying out innovative reforms. In the first four months of 2025, China's automobile production and sales both surpassed 10 million units for the first time, according to data released by the China Association of Automobile Manufacturers (CAAM). A report from the Passenger Car Market Joint Branch of the China Automobile Dealers Association pointed out that in April, China's export volume of new energy passenger vehicles reached 189,000 units, increasing by 44.2 percent year-on-year and 31.6 percent month-on-month, accounting for 44.6 percent of the total passenger vehicle exports, up by 14 percentage points compared with the same period last year. Under this trend, Chinese automakers, such as GAC Group, have increased their investment in research and development, especially by constantly innovating in the field of design to meet the needs of young consumers. Chen Ping-chun, an exterior designer of GAC, introduced that in the current electric vehicle industry chain, automotive designers play the role of "magicians," aiming to turn an attractive pattern into a product. Besides retaining creativity, it also needs to comply with the norms of the automotive industry. Chen Ping-chun introduced that the vehicle appearance he made at that time was the first new energy vehicle with gull-wing doors among the self-owned brands of Chinese automakers. Due to its fashionable body lines, it received a lot of praise. Chen Ping-chun was born in Taiwan and later went to work in Guangdong Province. He said that while living on the Chinese mainland, he found that the most common vehicles he saw on the roads were new energy vehicles. In terms of autonomous driving, some Chinese automakers represented by GAC have already taken the leading position internationally, said Chen. Hashtag: #ChinaNewsService The issuer is solely responsible for the content of this announcement. China News Service
Business Wire
25-04-2025
- Automotive
- Business Wire
GAC PICKUP 01 Global Debut: Redefining the Pinnacle of Pickup Trucks with "OmniTerrain Concept"
SHANGHAI--(BUSINESS WIRE)--At the 2025 Shanghai International Auto Show, GAC Group unveiled its first sci-tech aesthetic pickup concept vehicle—the GAC PICKUP 01—redefining multi-scenario value for pickups through its "OmniTerrain Pickup" philosophy. Integrating passenger-car design, intelligent technology, and global-quality standards, this model represents GAC's strategic entry into the pickup market. The GAC PICKUP 01 breaks conventional pickup design with a bold exterior language combining sharp lines and muscular surfaces, balancing power and futurism. Its GAIA (GAC Adaptive Intelligent Architecture) platform dynamically adjusts suspension and powertrain systems to accommodate urban, off-road, and payload scenarios. The vehicle also features GAC's in-house developed X-SouL Safety Shield, incorporating advanced driver-assistance systems (ADAS) and passenger-grade cabin configurations—transforming utility into a "mobile living space". As the inaugural product under GAC Commercial Vehicle's "135 Development Strategy," the PICKUP 01 will drive industry transformation from utilitarian vehicles to premium intelligent solutions. GAC is accelerating global deployment, initially targeting key markets including Australia, Saudi Arabia, and Chile. Ultimately, the model will empower Chinese brands in global competition while ushering in a new mobility era. About Us As the commercial vehicle arm of GAC Group, GAC Commercial Vehicle specializes in R&D, production, sales, and after-sales service for commercial vehicles and chassis, fulfilling the Group's strategic mission in this sector. With planned heavy/light trucks, vans, and pickups across four product lines, we are building a new energy product matrix for full-range logistics scenarios—delivering zero-carbon, intelligent, and tech-driven solutions to become a world-class provider of new energy logistics ecosystems.
Globe and Mail
21-02-2025
- Automotive
- Globe and Mail
GAC Accelerates Global Expansion at 2025 International Partner Conference
GUANGZHOU, China , Feb. 21, 2025 /CNW/ -- On February 18, GAC INTERNATIONAL successfully hosted its 2025 International Partner Conference, welcoming over 500 representatives from 74 countries and regions. Themed "WE WIN TOGETHER • DRIVING THE FUTURE," the event highlighted GAC's commitment to global growth, innovation, and long-term partnerships. Feng Xingya, Chairman and President of GAC Group, attended the conference and engaged in face-to-face discussions with some distributor partners, further strengthening their trusts in collaboration and fostering a win-win approach to GAC's international business growth. At the event, Yu Jun , Vice President of GAC Group, delivered a powerful message, "GAC is committed to working hand in hand with our global partners to drive the future of mobility. Through innovation, collaboration, and an unwavering focus on customer needs, we will build a globally competitive brand that stands at the forefront of the industry." GAC reaffirmed its goal to expand its global presence, unveiling its three-year "Panyu Action Plan." The initiative focuses on strengthening brand influence, enhancing financial and logistics efficiency, and deepening technological collaboration. As part of its strategy, GAC is set to introduce a diverse lineup of ICE, HEV, PHEV, and BEV models tailored to different markets while advancing ADAS technology for safer mobility. In 2024, GAC achieved a remarkable 96% year-on-year sales growth, accelerating its expansion into new markets. Looking ahead, the company plans to increase its footprint to 100 global markets with an export target of 500,000 vehicles by 2027. Strategic partnerships with industry leaders such as Toyota, Honda, and Huawei further reinforce its expertise in premium EV and smart mobility technologies. GAC INTERNATIONAL President Wei Haigang outlined six key pillars driving the company's global vision: brand internationalization, diversified product offerings, localized production, integrated sales and service, a sustainable automotive ecosystem, and continuous innovation. Global Chief Operating Officer Thomas Schemera emphasized GAC's goal of strengthening its supply chain efficiency and after-sales service, ensuring superior customer experiences worldwide. During the event, outstanding distributor partners shared success stories on market expansion, customer engagement, and logistics efficiency. GAC also honored top-performing distributors and partners, recognizing their contributions to the company's global success. As GAC continues to deepen its presence in international markets, it remains committed to delivering top-tier quality, pioneering technology, and a superior mobility experience. With a steadfast focus on customer-first principles, GAC aims to drive the global automotive industry forward through innovation and collaboration.
