GAC Group analyzes reasons for losses and future plans

GAC Group expects a net loss of 1.82 billion to 2.6 billion in the first half of 2025, compared with a net profit of more than 1.5 billion in the same period last year. The net loss after deducting non-operating items is expected to be 2.12 billion to 3.2 billion. GAC Group pointed out that the reasons for the loss include the sales of new energy vehicles not meeting expectations, the lagging transformation of sales channels, the time required for the reform of independent brands, and the weak overseas sales foundation. It plans to increase sales in the second half of the year by launching new models and strengthening marketing.