Guangzhou Automobile Industry Group Co., Ltd. was established on June 8, 2000, formed on the basis of the Guangzhou Automobile Group Co., Ltd. and Guangzhou Wuyang Group Co., Ltd., is the state-owned assets of the Guangzhou municipal government is authorized to operate enterprise groups, Guangdong Province, City focus on supporting the development of large enterprise groups, in 2004, selling cars, Guangzhou Automobile Industry Group Co., Ltd. 210 000 620 000, motorcycle sales, the sales income of 42.8 billion yuan, 11.1 billion yuan of profits and taxes. Ranked in the top 500 Chinese enterprises in 2004 the fiftieth.
1997 Guangzhou auto industry strategic restructuring, the successful replacement of the car project partners, has set up the Guangzhou Honda Automobile Co., Ltd., Guangzhou Isuzu Bus Co., Ltd., especially after a series of reforms in recent years to restructure to lay a healthy foundation for the development, initially set up the cars, buses, private cars and light vehicles, motorcycles, spare parts production base and engineering research and development center. Guangzhou Automobile Industry Group has jointly funded with more than 10 foreign companies established 38 joint ventures.
At present, Guangzhou Automobile Industry Group Co., Ltd. has 112 wholly owned and joint venture, Guangzhou Automobile Group Co., Ltd., Guangzhou Motors 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., Hong Kong Long Investment Co., Ltd., Guangzhou Automobile Trade Group Co. World Pipe network informed, Ltd. and Guangzhou Automotive Engineering Technology Research and Development Center. The main products are Guangzhou Accord, Odyssey and Fit cars, Guangqi Toyota AZ engine, Guangzhou GALA three series of luxury, medium-sized passenger cars, Denway brand, the Pearl River brand, midsize buses, Guangzhou brand light buses, trucks, Special Purpose Vehicle, Wuyang brand and Wuyang - Honda motorcycle and automobile air conditioners, chairs, lamps, springs, shock absorbers and other automotive and motorcycle parts products. The products are sold throughout the country, some products have been exported to many countries and regions in Europe, America and Asia. Guangzhou Automobile Group and Japan's Honda, Dongfeng Motor Corporation, China's first car export base project has been put into operation, Guangzhou Toyota car projects are under construction.
China's accession to the WTO and China's growing economic strength of the continuous improvement of people's living standards, China's auto industry has brought new development opportunities. Guangzhou Automobile Industry Group Co., Ltd. will seize the good opportunity to develop and learn from foreign advanced technology and management experience, and improve enterprise management level, and actively participate in international competition and cooperation, speed up the formation of a new pattern of industrial structure World Steel Pipe News , the Guangzhou Automobile sustained , rapid and healthy development.
First product launch in 2010
early as November 16 last year, the Guangzhou Automobile Group Automotive R & D and production base in Panyu, Guangzhou foundation, the base covers an area of approximately 1.5 million square meters, total investment of 6.8 billion yuan ; R & D which covers an area of 300,000 square meters, an investment of 3 billion yuan; manufacturing plant covers an area of 1.2 million square meters, an investment of 3.8 billion yuan.
Guangzhou Auto Show in November last year, the Guangzhou Automobile own brand sedans and sports car concept car debut, in accordance with the plan, the first product for the sedan class cars will be put on the market in 2010.
Own brand within the Guangzhou Automobile, Guangzhou Automobile, Honda, Toyota joint venture, the development of strategic initiatives. Guangzhou Auto executives said Guangzhou Auto does not own brand, own brand, not a political task, the market behavior. In order to support the development of independent brands, Guangzhou Automobile listed as a whole in the capital market for funds raised.