Zeng Qinghong: Strive to build a trillion-dollar GAC Group by 2035

On June 26, GAC Group announced that the 2022 China Nansha International Integrated Circuit Industry Forum will be held.Zeng Qinghong, Chairman of GAC Group, was invited to attend the forum and delivered a keynote speech.Zeng Qinghong said that GAC will continue to promote projects such as Times GAC power battery and Guangzhou Nidec integrated electric drive to expand the supporting share; increase the industrial investment and mergers and acquisitions of the core components ofintelligent networkednew energy, and increase the investment in core components such as chips, three electric drives, etc., intelligent network connection, etc., with a strategic investment of 5%-10% equity ratio, to help promote the automobile to quickly reach the domestic leading level in the field of ICV/EV/XEV, while introducing investment targets to invest in the Bay Area; empowering semiconductor technology with industrial investment Innovation.Strategic investment in Horizon, Yuexin Semiconductor, Jingwei Hengrun, Xintai Technology and other chip companies, and deepening strategic joint ventures and cooperation with international semiconductor companies such as NXP and Infineon.Strive to build a trillion-dollar GAC Group by 2035 with the GAC Intelligent Network New Energy Industrial Park as the core.

GAC Group announced on the evening of June 6 that thecar productionin May 2022 was 192,440 units, a year-on-year increase of 16.12%. The cumulative output this year was 919,177 units, a year-on-year increase of 9.70%; the May car sales were 183,061 units, a year-on-year increase of 3.54%. The cumulative sales volume this year was 915,532 units, a year-on-year increase of 6.40%.