GAC Reports Significant Overseas Growth in Q1, Driven by AION V and Breakthrough in Hong Kong

GAC Reports Significant Overseas Growth in Q1

GAC continues to show remarkable progress in its international operations, achieving impressive sales figures. In March alone, the company sold 17,031 units of its own brands, contributing to a total of 42,165 units sold in the first quarter of the year. This marks an astonishing 86% increase compared to the same period last year. Driving this growth is GAC's "One GAC 2.0" strategy, promoting a Tech-Driven GAC that seeks to expand its global reach through an integrated ecosystem.

Among the standout models, the AION V has emerged as a leader, experiencing a staggering 321% increase in sales compared to the previous year. Its spacious interior, smart cockpit, advanced driver-assistance systems, and an impressive range of 510 kilometers have captivated consumers across various countries, marking it as a favorite in the electric vehicle market.

Regionally, the Asia-Pacific market remains at the forefront of GAC's sales initiative. Notably, sales in Singapore and Thailand jumped by 304% and 99% year-over-year, respectively. Hong Kong, a significant market for GAC, has achieved a historic breakthrough. The wholesale volume in March reached nearly 2,000 units, with over 2,500 vehicle registration applications submitted. This milestone has positioned GAC in third place for local registrations, marking a new peak for the company.

In Hong Kong, GAC has introduced six star models, established a comprehensive distribution network, and launched a unique express logistics system to drastically reduce delivery times. The company is also making steady strides in Europe, with a 37% increase in sales in Portugal and a remarkable 300% rise in Poland. The AION UT model started rolling off the production line in Austria, signifying a crucial step in local manufacturing.

Sales in North and South America have also exhibited substantial growth. In Uruguay, sales surged by 567%, while Colombia saw an increase of 283%. Impressively, the AION UT has been recognized as the best compact electric vehicle in Bolivia, and the GS4 MAX earned the title of the best SUV.

To enhance its brand visibility, GAC has implemented effective marketing initiatives. During the Bangkok International Motor Show, the company unveiled its first service brand for international markets, called GAC CARE. In South America, GAC has sponsored the TC2000 championship and partnered with the Colombian Millonarios Fútbol Club to enhance its local engagement.

Furthermore, GAC celebrated the grand opening of a flagship store in Addis Ababa, Ethiopia, showcasing four electric vehicles, further underlining its commitment to a localized approach with the philosophy of "In Local, For Local." This strategy not only bolsters revenue growth but also garners positive responses from various markets.

Looking ahead, GAC aims to further advance its localized initiatives, expand its global service network, and offer low-carbon, intelligent mobility solutions worldwide. This approach is integral to GAC's ongoing mission to transition from a pure product exporter to a global player in the automotive industry. For more information about GAC, visit GAC Group or follow us on social media.