GAC Group

EHang Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Friday, March 15, 2024
PIN, Transport, Unmanned aerial vehicle, Investment, Aircraft, Telefónica, Telecommunications, Marketing, Research, CAAC, Certification, Partnership, Cluster, Bureau, Smart, SAVI, City, AC, UAM, Quarter, Economic development, AS9100, TC, Tourism, Telephone, UAV, Acquisition, Yoy, Sport, Counties of China, Television, PC, Growth, Urban Air Mobility, Operating cost, Local government, Life, Atmosphere, EIH, GAC Group, Government, European, Total, Video game

During the fourth quarter of 2023, in which the EH216-S obtained the TC, the Company generated positive cash flow from operations.

Key Points: 
  • During the fourth quarter of 2023, in which the EH216-S obtained the TC, the Company generated positive cash flow from operations.
  • EHang has delivered 15 units of EH216-S to Hefei in the fourth quarter of 2023.
  • Costs of revenues were RMB20.0 million (US$2.8 million), compared with RMB5.3 million in the fourth quarter of 2022 and RMB10.1 million in the third quarter of 2023.
  • Total operating expenses were RMB114.5 million (US$16.1 million), compared with RMB104.0 million in the fourth quarter of 2022, and RMB89.8 million in the third quarter of 2023.

EHang Forms Strategic Cooperation with the Management Committee of Guangzhou Airport Economic Zone, Guangzhou Development District Administrative Committee, and GAC Group to Scale Up New Quality Productivity and Promote High-Quality Development for Guangz

Retrieved on: 
Tuesday, February 6, 2024
Policy, Growth, GAC Group, Research, GAC, Government, Agreement, Marketing, EHang, Unmanned aerial vehicle, Counties of China, UAV

(The strategic cooperation among Guangzhou Government Agencies, GAC Group and EHang)

Key Points: 
  • (The strategic cooperation among Guangzhou Government Agencies, GAC Group and EHang)
    According to the Agreement, GAC Group and EHang will join forces in research and development, production, sales, and other areas to strengthen the low-altitude market.
  • Meanwhile, EHang will maximize its expertise in developing and integrating passenger-carrying UAVs to support the development of GAC Group’s flying cars.
  • The initiative will provide support to EHang and GAC Group for their technology research and development, production, and promotion for product applications in Guangzhou.
  • (Image: EHang’s EH216-S passenger-carrying UAV flew in the Jiulong Lake Park, Huangpu district, Guangzhou)

2023-2024 Global Top Brands Winners Unveiled

Retrieved on: 
Friday, January 12, 2024
Atmos, EDG, Infinix Mobile, IDC, Research, Science, QLED, HOT, Samsung, Huawei, XDR, Consumer Electronics Show, Mercedes-Benz, TCL, Apple, MLED, Dust, AA, Growth, CPL, TWS, Sony, Volkswagen, ULTRA, BMW, Ford, Software, NOTE, Safety, ADG, International Data Group, GAC, ZERO, Smartphone, OLED, GTB, LG, Car, AI, TWICE, Navigator, CES, MicroLED, SMART, Awards ceremony, Intelligence, IDG, Dolby Atmos, LCD, BYD, Health, The Digital Group, Electronics, General Motors, COMBO, GAC Group, GfK, Television, Mobile phone

LAS VEGAS, Jan. 12, 2024 /PRNewswire/ -- On January 10, 2024, the winners of the Global Top Brands Awards were unveiled at the Consumer Electronics Show (CES), the world's most renowned, influential and largest consumer electronics industry event. Among the attendees at the Awards Ceremony were Zhu Dongfang, President of Asia Digital Group, Adam Goldstein, Vice President of TWICE, Zhang Li, Executive Vice President of Asia Digital Group, and senior representatives from global top brands.

Key Points: 
  • As smartphones receive the highest attention in the consumer electronics field, competition among global brands becomes more intense.
  • The 2023-2024 Global Smart Phone Brands Top 10 award was received by brands like Apple, Samsung, Huawei, Xiaomi, TECNO and etc.
  • Brands like Samsung, TCL, LG, Sony, and Xiaomi emerged as winners in the 2023-2024 Global TV Brands Top 10 category.
  • The Global Top Brands Awards will persist in seeking global examples of consumer electronics development to foster a healthy industry growth.

China’s Guangzhou Launches Conversations Between China and Italy to Showcase the Cooperation Achievements

Retrieved on: 
Saturday, November 18, 2023
Transportation, Automotive Manufacturing, Destinations, Manufacturing, Travel, Professional Services, Cruise, Business, Maritime, Transport, Finance, MOBY, Ship, Literature, GAC, Tourism, Cooking, GAC Group, Multimedia, Kwon Sun-yong, Culture, Music, Canton Fair, Pearl, Canton Fair Complex, Car, COMEC (company), National Roads Institute (Colombia), Arte Laguna Prize, Architecture, Hotel, Video game, Shipbuilding, Nansha

View the full release here: https://www.businesswire.com/news/home/20231118396482/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231118396482/en/
    China’s Guangzhou launches conversations between China and Italy to showcase the cooperation achievements.
  • (Graphic: Business Wire)
    Guangzhou, a metropolis in southern China, has been a trade gateway of China to the world for more than two thousand years.
  • I firmly believe that Guangzhou will become an important trade and tourism destination in Italy,” said Gasperis.
  • Statistic shows that in 2022, the bilateral trade volume between China and Italy reached US$77.9 billion, hit a record high.

NaaS Technology and GAC Energy Collaborate on Establishment of a Connected Charging Service Network

Retrieved on: 
Tuesday, December 12, 2023
HiPhi, Trumpchi, Recycling, EVS, Hyper, GAC, SSR, GAC Group, Ecosystem, Map, Network as a service, Software, NIO, EV, AI, Kilowatt-hour, PV, EPC, XPeng

The parties will, focused on charging service, pool together and share charging station data resources, further improve respective charging service network and provide more convenient charging service to GAC EV owners.

Key Points: 
  • The parties will, focused on charging service, pool together and share charging station data resources, further improve respective charging service network and provide more convenient charging service to GAC EV owners.
  • As agreed, NaaS and Kuaidian will offer GAC EV owners a host of charging piles and a national charging service network.
  • Cooperation is now underway in smart charging and energy supply, encompassing facets of charging piles connectivity, order data, payment service, etc.
  • In consequence, GAC EV owners will have access to easy charging service via GAC Energy app and mini program, or Aiony/Hyper/Trumpchi app.

"2023 Charming China-Cultural Exhibition from Guangdong" kicks off in Italy's Rome

Retrieved on: 
Sunday, November 19, 2023
GAC, Sound, SRL, GAC Group, Exhibition, Communication, QUEEN, Teahouse

This is the first activity of the "2023 Charming China-Cultural Exhibition from Guangdong," featuring the cultural exchanges between the province of Guangdong and other countries.

Key Points: 
  • This is the first activity of the "2023 Charming China-Cultural Exhibition from Guangdong," featuring the cultural exchanges between the province of Guangdong and other countries.
  • A total of 11 speakers from China and Italy shared their views and impressions about the exchanges in various fields between the two countries.
  • As a mixed-blood, Suzeau spent his childhood in China and achieved his degree in automobile design in France.
  • The "2023 Charming China—Cultural Exhibition from Guangdong" is being held in Italy and will also be held in Egypt, Malaysia, including concerts featuring Guangdong music, art exhibition, photo exhibition and more.

Luxshare Precision: A Further Step from Tier 2 to Tier 1 Automotive Supplier

Retrieved on: 
Thursday, September 21, 2023
Electronics, Tier 1, GAC Group, Research, SOC, Patent, Accounting, GAC, Empowerment, Automotive industry, Huawei, Chery, Luxshare

Among them, the operating revenue of the automotive business soared by 51.89% to RMB3,207 million, showing its strong growth momentum.

Key Points: 
  • Among them, the operating revenue of the automotive business soared by 51.89% to RMB3,207 million, showing its strong growth momentum.
  • Luxshare's latest conference call also noted that its automotive Tier 1 business will continue to grow in the next two years and is expected to enjoy explosive growth in 2025 and afterwards.
  • As early as 2008, Luxshare Precision entered the automotive industry as a Tier 2 supplier.
  • It is believed that Luxshare would bring more empowerment to the automotive industry during the process of being a leading Tier 1 supplier.

EMKOO, GS3 EMZOOM, Officially Released in Saudi Arabia

Retrieved on: 
Thursday, August 31, 2023
Automotive Manufacturing, Manufacturing, Vehicle Technology, General Automotive, Automotive, GS3, Travel, GAC Motor, Speech, Eye, GAC Group, Fortune Global 500, SUV, Crowne Plaza, GAC, Dentsply Sirona, 165th Airlift Squadron, Arms industry

GAC MOTOR is firing on all cylinders in the Middle East, rapidly expanding their product matrix in the region with a double release of award-winning models in Saudi Arabia.

Key Points: 
  • GAC MOTOR is firing on all cylinders in the Middle East, rapidly expanding their product matrix in the region with a double release of award-winning models in Saudi Arabia.
  • On August 16 at the Crowne Plaza RDC Riyadh, an invitational launch party celebrated the Saudi Arabia release of the EMKOO and the GS3 EMZOOM.
  • Zeng Hebin, General Manager of GAC International, delivered a speech at the event.
  • The result was an excited buzz around GAC MOTOR's rapidly expanding brand power and the cutting-edge automobiles now made available for purchase in Saudi Arabia.

Moving Towards Globalization: GAC Group's Latest Internationalization Strategy Revealed

Retrieved on: 
Monday, August 28, 2023
Tunisia, CIS, GAC Group, CBU, GAC, Growth, Annual report, CKD, Rare-earth element, Video game, Drug

As GAC Group looks to the future, international business has become a central focus.

Key Points: 
  • As GAC Group looks to the future, international business has become a central focus.
  • GAC Group aims to establish a branch office in the West European market through the introduction of pure electric vehicles.
  • A leader in the field of new energy vehicles, GAC AION boasts sustained high overseas sales and significant growth and progress.
  • GAC Group will continue to be driven by technological innovation, promoting its globalization and accelerating its operations to a global scale.

Moving Towards Globalization: GAC Group's Latest Internationalization Strategy Revealed

Retrieved on: 
Monday, August 28, 2023
Tunisia, CIS, GAC Group, Multimedia, CBU, GAC, Growth, Annual report, CKD, Rare-earth element, Video game, Drug

As GAC Group looks to the future, international business has become a central focus.

Key Points: 
  • As GAC Group looks to the future, international business has become a central focus.
  • GAC Group aims to establish a branch office in the West European market through the introduction of pure electric vehicles.
  • A leader in the field of new energy vehicles, GAC AION boasts sustained high overseas sales and significant growth and progress.
  • GAC Group will continue to be driven by technological innovation, promoting its globalization and accelerating its operations to a global scale.