Guangzhou Automobile Industry Group
| Company type | State-owned enterprise |
|---|---|
| Industry | Automotive |
| Founded | 2000 |
| Headquarters | Guangzhou , China |
| Products | Automobiles |
| Owner | Municipal government of Guangzhou and provincial authorities of Guangdong |
| Website | www |
Guangzhou Automobile Industry Group Co Ltd (abbreviated as GAIG, ) is a Chinese state-owned joint-stock holding enterprise that controls multiple automotive manufacturers within China.
GAIG collaborates closely with Japanese firms Toyota and Honda, managing production facilities in China that produce localized models of these brands, which enjoy considerable popularity in the southern region of the country.
History
Formed in 2000 amid the reorganization of Guangzhou's automotive sector, GAIG receives substantial backing from the municipal government of Guangzhou and the provincial authorities of Guangdong.
Initially established under the name Guangzhou Automobile Industry Group Company, the firm adopted its current name in 2003.
In 2007, GAIG embarked on a strategy to develop vehicles under its proprietary brand, acquiring a majority interest in a research and development institute at South China University of Technology to facilitate this objective.
By 2010, GAIG had introduced automobiles under the GAC Trumpchi marque. The company achieved a ranking of 176th on the Fortune Global 500 list in 2021, underscoring its position among the largest and most valuable global corporations.
Holdings
GAIG maintains controlling interests in various Chinese automotive companies.
Guangzhou Automobile Group Co Ltd
Founded in 1997, Guangzhou Automobile Group Co Ltd () became part of GAIG’s portfolio by 2005. By 2009, it was recognized as the sixth-largest automobile manufacturer in China.