On October 30, GAC GROUP (02238, 601238.SH) released its Q3 2026 report, showing consolidated total revenue of 75.156 billion yuan for the first three quarters, up 12.29% year-on-year, with third-quarter revenue reaching 28.423 billion yuan, a year-on-year increase of 17.91%.
Data indicates that in the third quarter, several of GAC Group's business segments significantly outperformed the industry average, with new energy vehicle sales rising 50.79% year-on-year and self-owned brand sales increasing 15.39%. According to CAAM data, China's auto sales fell 4.3% year-on-year in the third quarter, while new energy vehicle sales grew 17.3% year-on-year.
During the same period, GAC began achieving large-scale breakthroughs in global markets, with export volume surging 151.2% year-on-year, including a 398% increase in Europe, 109% in the Americas, and 96% in the Middle East and Africa.
Meanwhile, the transaction involving GAC's acquisition of a 50% stake in FAW Toyota has entered the execution and implementation phase following the establishment of a joint working group between GAC and FAW. Previously, multiple institutions including JPMorgan, Citibank, and CICC expressed optimism that the deal could improve GAC's cash flow and profitability levels.
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