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Guangzhou Automobile Group Bus Co., Ltd. (hereinafter referred to as "Guangzhou Gas Coach") was formally established. The Guangzhou Automobile Group believes that the move marks the significant achievement of the integration of the Guangzhou Automobile Group's commercial vehicle segment. At present, GAC Commercial Vehicles owns Guangzhou Automobile Co., Ltd., which is mainly engaged in its own brand, and GAC Hino, which focuses on the Hino brand, including Guangzhou and Shenyang.
GAC Group insiders told the "First Financial Daily" that GAC passenger coaches are formed by Guangzhou Yuelong Bus Co., Ltd., a subsidiary of Guangzhou Automobile Group Co., Ltd., and Guangzhou Denway Bus Co., Ltd., and will be the main brands. The integrated GAC passenger bus product line has become even more abundant. The products cover the length of buses from 6 to 12 meters and the number of passengers from 16 to 55.
According to the information disclosed on the official website of Denway Bus, Guangzhou Denway Coach Co., Ltd. was established in 2000. It is jointly invested by Hong Kong Zhonglong Investment Co., Ltd. (a wholly-owned subsidiary of GAC Group) and Guangzhou Automobile Group Co., Ltd. Joint venture. At present, the Denway Bus Company mainly produces large and medium-sized (5.9 to 12 meters) series of "Dunway" brand autonomous passenger cars, which account for 80% of the Guangzhou China-Brazil market. In recent years, it has started exporting to Southeast Asia, the Middle East, Russia and other countries and regions, and maintained 100 The growth rate of %.
Guangzhou Yuelong Coach Co., Ltd. was formerly known as Guangzhou Isuzu Bus Co., Ltd. In the announcement issued by the National Development and Reform Commission in June this year, it approved the change of the name of Guangzhou Isuzu Bus Co., Ltd. into “Guangzhou Yuelong Bus Co., Ltd.â€, marking the Isuzu officially broke up with Japan.
Commercial vehicles have always been a shortcoming of GAC Group. In March 2000, Guangzhou Automobile Group and Japan Isuzu jointly established Guangzhou Isuzu Bus Co., Ltd. However, the company's operating performance has not reached the expectations of both parties, and eventually ended with the divestment of Japan’s Isuzu. Under the background of the overall rise of passenger vehicles, Guangzhou Automobile Group began to force the field of commercial vehicles.
In 2007, Guangzhou Automobile Group reorganized Guangzhou Yangcheng Automobile Co., Ltd. and Shenyang Shenfei Hino Automobile Manufacturing Co., Ltd., and established GAC Hino Motor Co., Ltd. on this basis. Guangqi Hino built a new factory in Conghua City, Guangzhou. It is expected that after the new plant is put into operation in 2009, it will form an annual production capacity of 20,000 heavy trucks.
Industry insiders told the “First Financial Daily†that the listing of GAC Bus marks the initial success of the integration of Guangzhou Automobile Commercial Vehicles. The insiders of Guangzhou Automobile Group said that they would not rule out further actions in the commercial vehicle sector.