Shulou(Shulou.com)11/24 Report--

CTOnews.com August 29 news, recently, GAC GROUP released the 2023 semi-annual report. In the first half of 2023, GAC GROUP realized a total operating income of about 233.532 billion yuan, a combined total revenue of about 61.911 billion yuan, and a net profit belonging to shareholders of listed companies of about 2.966 billion yuan.

After the release of the financial report, GAC GROUP announced the launch of the "1551" internationalization strategy, which will be guided by the "1" goal of challenging 500000 in 2030, and will stabilize the "5" market territory in Europe, the Asia-Pacific region, the CIS, the Middle East and Africa, and Central and South America. Deep ploughing at least 12 10,000 strategic markets. In the next 5-10 years, GAC's international business will focus on the "5" value chain of brand internationalization, product globalization, production localization, sales and service integration and ecological diversification, focusing on the implementation of "1" set of global organizations and talent guarantee mechanism. build an overseas career development community.

Overall, GAC GROUP's overseas markets are planned as follows:

The European market will enter with pure electric models, focusing on the Western European market, and plans to promote the establishment of European companies this year.

The Asia-Pacific market will enter with fuel (including hybrid) and pure electricity, at least with the layout of production bases such as Malaysia, Thailand and Myanmar, radiating ASEAN countries, and creating four 10,000-vehicle core markets in Thailand, Malaysia, the Philippines and Indonesia.

The Middle East and Africa will take Dubai branch and spare parts overseas warehouse as the stronghold, continue to cultivate the base market in the Gulf region such as Saudi Arabia and the United Arab Emirates, at the same time, operate the existing SKD factories in Nigeria and Tunisia, and actively promote the layout of CKD in Egypt and South Africa, forming a core market of 40,000 vehicles in the future.

In Central and South America, a Mexican subsidiary has been set up this year to strengthen local operation management, focusing on the two 10,000 vehicle markets in Mexico and Chile.

The overall development of the CIS market focuses on Russia, mainly CBU in the short term, and pays attention to the possibility and necessity of local production at the same time.

In addition, in June this year, GAC Ean signed a memorandum of cooperation with the first distributor in Thailand, and Guan Xuan entered the Thai market. The matter has also made new progress recently, GAC Ean announced that the first batch of export vehicles AION Y Plus will be shipped to Linchaban Port of Thailand at Nansha Port in Guangzhou, this is the first time that GAC Eian has shipped the whole vehicle to overseas markets. The AION Y Plus model is a right rudder overseas version tailor-made for the Thai market and has been certified by the Thai Ministry of Land Transport (DLT). At the end of the year, another industry pure electric benchmark model-AION S will also be put on the industry market.

According to the plan, Ian plans to ensure the sales target of 5000 units in Southeast Asia in 2023. Around the annual goal, we will work closely with local strong dealer groups to speed up the distribution of channels, and strive to build no less than 30 distribution outlets in Thailand this year, covering major regional markets. At present, 21 channels have been identified in Southeast Asia, of which Thailand has identified 17 channels.

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