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Old 11-13-2007, 06:27 PM   #1
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Post Guangzhou Automobile Industry Group Introduction

Guangzhou Automobile Industry Group Co., Ltd. (GAIG) was founded on June 8th, 2000, on the integration of Guangzhou Automobile Group Co., Ltd. (previously Guangzhou Automobile Group Co., Ltd.) and Guangzhou Motors Group Company (previously Guangzhou Wuyang Group Company). It is authorized by Guangzhou Municipal Government to operate state- owned assets, and is a large-scale company group with heavy support from Guangdong Province and Guangzhou Municipality, in 2004, GAIG sold 210,000 cars and 620,000 motorcycles, realizing a sales income of 42.8 billion RMB, with a pre-tax profit of 11.1 billion RMB. In 2004, GAIG ranks 50th among “Top 500 strongest companies in china”.
  After strategic adjustment in structure in 1997, GAIG successfully chose new partners on passenger car projects, and established Guangzhou Honda Automobile Co., Ltd. and Guangzhou ISUZU Bus Co., Ltd., two joint- ventures with Japanese partners, later on. Through a series reforms and reconstructions in recent years which have laid a solid foundation for the development, GAIG has set up five manufacturing bases (passenger car, bus, light- duty truck, motorcycle, and automobile parts) and R&D Center of Engineering Technology. GAIG has invested in 38 joint-ventures with more than 10 foreign partners.

  At present, GAIG possesses 112 subsidiaries, wholly owned or jointly owned like Guangzhou Automobile Group Co., Ltd. (previously Guangzhou Automobile Group Co., Ltd.), Guangzhou Motors Group Company (previously Guangzhou Motorcycle Group Company), Guangzhou Honda Automobile Co., Ltd., Guangzhou Toyota Motor Co., Ltd., Guangqi Toyota Engine Co., Ltd., Wuyang-Honda Motors (Guangzhou) Co., Ltd., Guangzhou ISUZU Bus Co., Ltd., Guangzhou Denway Bus Co., Ltd., Guangzhou Yangcheng Automobile Co., Ltd., Guangzhou Automobile Group Component Co., Ltd., China Lounge Investments Co., Ltd., Guangzhou Automobile Group Business Co., Ltd., and Guangzhou Automobile Engineering Technology R&D Center. Main products of GAIG are Guangzhou Honda Accord passenger car, Odyssey passenger car and Fit passenger car, Guangqi Toyota AZ engine, Guangzhou GALA large and medium-size luxurious buses of three series, Denway, Pearl River large and medium-size bus, Yangcheng mini-bus, light-duty truck and special-purpase vehicle, Wuyang motorcycle, Wuyang-Honda motorcycle, automobile and motorcycle components like air-conditioner, seat, lamp, springs and shock absorber. Products of GAIG are sold throughout China, and some have been exported to countries and regions in Europe, America and the rest of Asia. China's first passenger car export base project invested by GAIG, Honda Motor Co., Ltd., and Dong Feng Motor Co., Ltd, has began its production.

  With China’s entry into WTO, strengthening of China’s economy, and improvement on the Chinese people’s living standard, new opportunities of development are brought before China’s automobile industry. By grasping the great opportunity of development, making good use of advanced technology and managerial experiences of foreign counterparts, constantly improving the managerial ability, and actively participating international competition and cooperation.Guangzhou Automobile Group Co., Ltd. (hereinafter "GAC") is integrally converted into joint stock company from the former limited liability company on June 28th, 2005. It was initiated by Guangzhou Automobile Industry Group Co., Ltd., Wanxiang Group Corporation, China National Machinery Industry Corporation, Guangzhou Iron & Steel Enterprises Group and Guangzhou Chime-Long Hotel Co., Ltd..
  GAC's equity participation is as below: Guangzhou Automobile Industry Group Co., Ltd. holds 3,217,403,529 shares, which account for 91.9346% of the total shareholding equity, Wanxiang Group Corporation holds 139,636,656 shares, which account for 3.99%, China National Machinery Industry Corporation holds 129,169,156 shares, which account for 3.6909%, Guangzhou Iron & Steel Enterprises Group holds 6,999,331 shares, which account for 0.2%, Guangzhou Chime-Long Hotel Co., Ltd. holds 6,456,883 shares, which account for 0.1845%. Among them, Wanxiang Group Corporation is China's leading manufacturer of automobile parts and components, China National Machinery Industry Corporation has an advantage in machinery manufacture, Guangzhou Iron & Steel Enterprises Group is closely linked with automobile industry and has a regional advantage, Guangzhou Chime-Long Hotel Co., Ltd. is a private-owned enterprise with favorable operation mechanism and good market reputation.
  With an independent and complete production, supply, sales and R&D system, GAC's main business relates to automobile manufacture, sales and service, automobile trade and logistics services, automobile parts and components, auto finance and related services, which faces both overseas and domestic market. At present, it has tens of enterprises, including Guangzhou Honda Automobile Co., Ltd., Guangzhou Toyota Motor Co., Ltd., Honda Motor (China) Co., Ltd., Guangzhou Isuzu Bus Co., Ltd., Guangzhou Denway Bus Co., Ltd., Guangzhou Yangcheng Automobile Co., Ltd., Guangqi Toyota Engine Co., Ltd., Guangzhou Automobile Group Component Co., Ltd., China Lounge Investments Limited, Guangzhou Automobile Group Business Co., Ltd., and Guangzhou Automobile Industry Park Co., Ltd., etc.. GAC offers different types of passenger cars, commercial vehicles, automotive engines and major automobile parts.
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