GAC Group has released its third quarter report for 2026.
Data shows that from January to September this year, GAC Group's consolidated total operating revenue was 75.156 billion yuan, a year-on-year increase of 12.29%, of which third quarter operating revenue was 28.423 billion yuan, a year-on-year increase of 17.91%.
According to data from the China Association of Automobile Manufacturers, in the third quarter of 2026, China's automobile sales were 8.252 million units, a year-on-year decrease of 4.3%; new energy vehicle sales were 5.027 million units, a year-on-year increase of 17.3%.
During the same period, GAC Group's new energy vehicle sales reached 172,200 units, a year-on-year increase of 50.79%, and their share in the sales structure increased by 24 percentage points year-on-year.
At the same time, the company's own-brand performance also outperformed the broader industry, with third quarter sales reaching 184,100 units, a year-on-year increase of 15.39%, and their share in the sales structure exceeding 50%.
Hyper Aion BU's third quarter sales exceeded 100,000 units, a year-on-year increase of 51.17%, with cumulative sales from January to September reaching 283,700 units; GAC Trumpchi's third quarter sales exceeded 76,000 units, with cumulative sales from January to September reaching 241,200 units, a year-on-year increase of 3.47%; Qijing Auto achieved steady volume growth in the third quarter, with its second model, the GX7, receiving over 15,000 firm orders within 18 hours of launch.
GAC Toyota's sales from January to September were 510,000 units, including 154,000 units in the third quarter, with high-value models such as the flagship Camry, Sienna, and Highlander accounting for over 45% of sales; GAC Honda reached a major development milestone in the third quarter: in July, the joint venture cooperation period was extended to 2038, and in August, a localization upgrade plan was announced, with plans to launch 5 new models over the next two years, two of which will be localized new energy models.
In the third quarter, GAC exported over 76,000 vehicles, a year-on-year increase of 151.2%, with cumulative exports from January to September reaching 197,700 units, a year-on-year increase of 138.9%; the export scale has exceeded 1.5 times the full-year export volume of 2025.
In the third quarter, GAC's sales in Europe recorded a year-on-year increase of 398%, the Americas grew by 109%, the Middle East and Africa region grew by 96%, and Southeast Asia grew by 33%, with global business now covering 121 countries and regions.
At the end of September, GAC Group announced plans to issue shares to acquire the 50% equity stake in FAW Toyota held by China FAW.
During the same period, China FAW and GAC Industry signed a strategic cooperation framework agreement.
On October 8, China FAW, Toyota Motor, and GAC Group signed a tripartite strategic cooperation framework agreement in Guangzhou, explicitly committing to jointly empower the coordinated development of FAW Toyota and GAC Toyota.
On October 22, China FAW and GAC Group announced the establishment of a joint working group to promote the implementation of the strategic cooperation.
Beyond its core business, GAC's layout in strategic emerging and future industries such as humanoid robots, flying cars, and automotive semiconductors has begun to deliver value intensively.
In the humanoid robot and low-altitude economy sectors, core products from GAC-incubated Huilun Technology and Gaoyu Technology have entered the mass production stage and completed several hundred million yuan in financing respectively in the third quarter, which will accelerate the pace of commercial delivery.
In addition, on the industrial investment side, since the third quarter, several companies in which GAC has invested, including Changxin Technology and Yuexin Semiconductor, have successfully listed.
According to official data from GAC Group, as of now, the company has accumulated 51 listed companies, with 22 added since the beginning of 2026.
Comments