GAC Component Co., Ltd. (Formerly Guangzhou Automobile Group Component Co., Ltd.) Business Report FY ended Dec. 2022
New company
-GAC Components Co., Ltd. (GAC Components), Tongzi County Shixi Coal Industry Co., Ltd. (Shixi Coal Industry) and Zunyi Energy Minerals (Group) Co., Ltd. (Zunyi Energy) set up a joint venture in Zunyi City, Guizhou Province: Guizhou East Sunshine New Energy Technology Co., Ltd. The registered capital is CNY 200 million, of which GAC Components holds 47.5%, Shixi Coal holds 47.5%, and Zunyi Energy holds 5%. The company will mainly engage in mineral geological surveys and investment management related to mineral resources. (From a report of the NECIPS)
-GAC Component Co., Ltd. (GAC Component) and Zhuzhou CRRC Times Semiconductor Co., Ltd. (CRRC Times Semiconductor) set up a joint venture dubbed Guangzhou Qinglan Semiconductor Co., Ltd. in Panyu, Guangzhou. GAC Component holds a 51% share, while CRRC Times Semiconductor holds a 49% share. The establishment of the joint venture will meet the needs of IGBT module, which represents a core component on the New Energy Passenger Vehicles of GAC Group. (From a press release dated January 6, 2022)
GAC Parts Industrial Park
-GAC Group established the GAC Parts Industrial Park in Meizhou. Since 2016, it has ensured that three projects are settled in the GAC Parts Industrial Park every year for three consecutive years. The total investment is about CNY 1.6 billion, including auto parts, car rental, logistics support, and business services and other enterprises. At present, 9 projects have been completed and put into production. (From various news items dated September 23, 2020)