GAC Group's revenue in the first three quarters reached 74.04 billion yuan, accelerating the development of its own brands

In the first three quarters of 2024, GAC Group's consolidated operating income reached 74.04 billion yuan, and its revenue in the third quarter was 28.232 billion yuan, a month-on-month increase of 15.41%. Faced with fierce market competition, GAC Group has accelerated its overseas market layout, and its automobile exports in the first three quarters increased by 112.0% year-on-year. At the same time, GAC Group has launched major reforms, and its independent brand management model has shifted from strategic control to operational control. It plans to move its headquarters to Panyu Auto City to promote the development of its own brands. GAC Group's wholesale sales of new energy and energy-saving vehicles were 588,400 units, accounting for more than 44% of sales.