Sales of GAC Group's joint venture brands and independent brands are under pressure

In the first quarter of 2025, the sales of GAC Group's joint venture brands and independent brands both declined. Among them, the wholesale volume of GAC Honda was 93,000 vehicles, a year-on-year decrease of 20.7%; the wholesale volume of GAC Toyota was 162,000 vehicles, a year-on-year increase of 3.6%. For independent brands, the wholesale volume of GAC Trumpchi was 69,000 vehicles, a year-on-year decrease of 19.0%; the wholesale volume of GAC Aion was 47,000 vehicles, a year-on-year decrease of 3.6%.