GAC Motor H1 Sales Reach 773,100 Units, with Self-Branded Exports Surging by 132%

[Market Performance] GAC Group reported sales of 773,100 vehicles in the first half of the year, up 2.35% year-over-year, driven primarily by its self-branded and new energy vehicle segments.

Key Development: Self-Branded Exports Surge 132% Year-on-Year

GAC's self-branded vehicles achieved sales of 346,000 units in H1, an increase of 35.69% year-over-year; of these, 121,500 units were exported, soaring 132% compared to the same period last year—nearly matching the full-year export volume of 2023.

Key Metrics: New Energy Vehicles Account for Over 60%, Joint Ventures Show Steady Growth

Sales of energy-efficient and new energy vehicles represented 62.82% of total sales. The Hyper & Aion Business Unit sold 181,600 units (+67.08%), while Trumpchi recorded sales of 164,400 units (+12.36%). On the joint venture front, GAC Toyota sold 356,000 units, ranking as the top-selling joint venture brand for three consecutive months.

Strategic Foundation: 'Panyu Initiative' Reforms Deliver Results

Through product refreshes and localized development (e.g., the bZ3X achieving terminal sales exceeding 110,000 units), GAC is accelerating its transformation toward end consumers, with over 80% of Hyper users now being retail customers.