Guangzhou Automobile Industry Group Co Ltd (GAIG, )Home > About Us > Introduction GAIG Official Site is a Chinese state-owned joint stock holding company that owns several Chinese automakers.
A Chinese partner of Japanese companies Toyota and Honda, GAIG owns Chinese production bases that produce Chinese-market versions of the Japanese carmakers' models, which sell well in Southern China as of 2010.BAIC invests $736 mln to restructure Baolong's production base gasgoo.com, August 19, 2010
History Born during a reconstruction of the Guangzhou automotive industry in 2000, GAIG receives considerable support from the governments of Guangdong province and Guangzhou city.
Formerly the Guangzhou Automobile Industry Group Company, it was renamed in 2003.GAIG Stock Co., Ltd. investing.businessweek.com
In 2007, GAIG began putting in motion plans to sell automobiles under its own brand and to further this goal had acquired a controlling share in an R&D center at South China University of Technology.Guangzhou Automobile Industry Group. Webb, Alysha, Automotive News, 5/14/2007 Supplement, Vol. 81
By 2010, it was selling its own vehicles under the GAC Trumpchi brand. In 2021, GAIG was included in the Fortune World 500 ranking of the world's largest and highest valued companies, ranking 176th.
Holdings The company has ownership in a number of Chinese automakers.
Guangzhou Automobile Group Co Ltd
Guangzhou Automobile Group Co Ltd () was founded in 1997,Milestones Guangzhou Automobile Industry Group Official Site and by 2005Company Profile Guangzhou Automobile Group Official Site it had become a holding of GAIG.Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot As of 2009, it is the 6th largest automaker in China.HK float for Guangzhou Auto chinadaily.com.cn, 2010-January-23
References
External links GAIG Official Site GAC Official Site Guangzhou Toyota Motor (Chinese)