Guangzhou Automobile Group or GAC Group, producer of the electric car AION, has set its sights on 2030, pushing sales in overseas markets to reach 500,000 units.
Xinhua News Agency reports that Feng Xingya, general manager of Guangzhou Automobile Group Co., Ltd. or GAC Group, a Chinese automobile manufacturer, Said while giving an interview to “China Securities Journal” (China Securities Journal), a securities newspaper under China's Xinhua News Agency. Indicates that the company Targeting to sell 500,000 cars abroad by 2030
In 2023, GAC Group sold 75,800 vehicles in overseas markets, a year-on-year increase of 130%. The company has businesses in 41 countries and regions and a total of 236 overseas sales centers.
However, in recent years, GAC Group has rapidly expanded its overseas operations, such as establishing assembly plants in regions such as Africa and Southeast Asia. This includes having cars already assembled in Nigeria and Tunisia. Ready for sale in the market
In addition, the construction project for the first overseas production base of GAC Aion, a new energy vehicle (NEV) company of GAC Group in Thailand, has begun. The project is designed to have a production capacity of 50,000 vehicles per year, with an investment of 2.3 billion baht. Feng expects the first phase of the project to be completed in July this year.
In 2024, GAC Group will enhance the development of best-selling car models around the world. Achieve important goals in the market Including accelerating the construction and operation of Completely Knocked-Down (CKD) plants used in vehicle assembly in Thailand, Malaysia and other countries, the company will also focus on brand expansion. in key overseas markets such as Saudi Arabia and Mexico
In 2023, GAC Group achieved both production and distribution of more than 2.5 million vehicles, ranking among the top five automobile manufacturers in China. Especially in the sales volume of new energy vehicles, which reached 549,602 units, an increase of 77.55% year-on-year.
