GAC Component Co., Ltd. (Formerly Guangzhou Automobile Group Component Co., Ltd.)

Company Profile

■URL

https://www.gac.com.cn/en/

■Address

28th Floor, Yuehai Group Building, 555 Dongfeng East Road, Yuexiu District, Guangzhou, Guangdong,China

Business Overview

-The Company is an automotive parts division of Guangzhou Automobile Group Co., Ltd., which is a subsidiary of Guangzhou Automobile Industry Group Co., Ltd. (GAIG).

-In line with Honda, Nissan, and Toyota's expansion projects in Guangzhou, the Company formed business alliances with a number of Japanese auto parts suppliers.

-The Company mainly manufactures seat systems, interior trims, air conditioner systems, body related electric parts, powertrain and chassis components.

-In February 2018, the name of the Company was officially changed to GAC Component Co., Ltd.

Shareholders

-Unlisted (As of December 31, 2023)

Company name	Ratio of shareholding
Guangzhou Automobile Group Co., Ltd.	51%
Junfeng Development Co., Ltd.	49%

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Products

Seat Systems
-Seats
-Seat frames
-Leather trim covers
-Polyurethane foam

Interior Trims
-Door trims
-Roof trims
-Sun Visors
-Floor trims
-Trunk trims
-Heat insulators
-Dash insulators
-Sound insulators
-Instrument panels
-Carpets

Air Conditioners
-HVAC units
-MF condensers
-Electric drive fans
-Air conditioner hoses
-Radiators
-Compressors

Electric components
-Lamps
-Power window motors
-Window wiper assemblies
-Washer systems
-Horns

Chassis Parts
-Shock absorbers
-Steering system products
-Electric power steering
-Hydraulic power steering
-Power steering pumps
-Aluminum alloy wheels
-Torsion bars
-Stabilizers
-Supporting rods
-Springs

Valve springs
Suspension springs
Shock absorption springs
Tension springs
Compression springs
Snake springs
Snap rings
Torsion springs

Powertrains
-Transmissions
-Brushless generators
-Deceleration starters

Others
-Aluminum alloy ingots
-Smelting aluminum alloys
-Clips

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History

Aug. 2000	Guangzhou Automobile Industry Group Co., Ltd. (GAIG) integrated its 17 auto parts suppliers, establishing Guangzhou Automobile Group Component Co., Ltd.
June 2001	The Company and TS tech Co., Ltd. jointly established Guangzhou TS Automotive Interior Systems Co., Ltd.
Sep. 2002	Stanley Electric, Honda Motor China, and the Company jointly established Guangzhou Stanley Electric Co., Ltd.
March 2003	Denso Corporation and the Company jointly established Guangzhou Denso Co., Ltd.
April 2004	Hayashi Telempu and the Company jointly established Guangzhou Linjun Co., Ltd.
July 2004	Bridgestone and the Company jointly established Guangzhou Bridgestone Chemical Products Co., Ltd.
Aug. 2004	Toyota Tsusho Corporation, Daiki Aluminu Industry Co., Ltd., and the Company jointly established Guangzhou Aluminum GAST Alloy CO., Ltd.
Sep. 2004	Toyota Boshoku Corporation and the Company jointly established Guangzhou Intex Auto Parts Co., Ltd.
Feb. 2005	Chuo Precision Industrial Co., Ltd. and the Company jointly established Central Motor Wheel of Guangzhou Co., Ltd. to manufacture aluminum wheels.
Aug. 2005	Parker Corporation and the Company jointly established Guangzhou Parker Auto Parts Co., Ltd. to manufacture sound insulators.
Sep. 2005	TS tech Co., Ltd., GSK Corporation of Taiwan, and the Company jointly established Guangzhou TSK Auto Parts Co., Ltd. to manufacture door trims. This new company was formed out of TS tech acquiring capital in Guangzhou Junxin Automobile Components Co., Ltd., a joint venture company created between the Company and GSK in 1999.
Dec. 2005	TS tech Co., Ltd. and the Company jointly established Guangzhou Tech Interior Trim Manufacturing Co., Ltd. to manufacture trim covers.
April 2006	Based on the restructuring plans of Guangzhou Automobile Industry Group Co., Ltd. (GAIG), the Company acquired a majority share in Guangzhou Showa Autoparts Co., Ltd., a shock absorber and power steering production company it originally created jointly with the Guangzhou Motor Group and Showa Corporation in 1994.
April 2006	As part of the restructuring plans of Guangzhou Automobile Industry Group Co., Ltd. (GAIG), the Company acquired a majority share in Guangzhou Mitsuba Electric Co., Ltd., a wiper system and window regulator supplier it established jointly with Guangzhou Motor Group and Mitsuba Corporation in 1999.
May 2006	Guangzhou Showa Autoparts Co., Ltd. established a Wuhan Branch to manufacture shock absorbers and power steering systems.
April 2008	Hayashi Telempu and Guangzhu Linjun Co., Ltd., which is a joint-venture company between the company and Hayashi Telempu, established Wuhan Linjun Auto Trim Co., Ltd. through joint investment. The new entity manufactures interior components.
Oct. 2008	The company and the GSK Group jointly established Guangzhou GAC-GSK Auto Interiors R&D Co.,Ltd. to produce interior products such as seats.
Nov. 2008	The Company and Johnson Controls jointly established Guangzhou GACC-Johnson Controls Automotive Interior Systems Co., Ltd. to produce interior components such as instrument panels and console boxes.
Feb. 2009	The Company and Ogihara Corporation jointly established Guangzhou GACC Ogihara Dies Co., Ltd. to produce body stamping products.
Jun. 2009	The Company completed the acquisition of one third of the shares in both Hangzhou Haveco Automotive Transmission Co., Ltd. and Hangzhou Haveco Transmission Technology Co., Ltd.
Jan. 2010	The Company acquired 45% of shareholdings in GAC-QH (Meizhou) Auto Electric Co., Ltd to produce automotive generators and starters.
May 2011	Established a joint venture Changsha Cosma Automotive
Nov. 2011	Established Wuhan Stanley Electric Co., Ltd.
Jun. 2013	The Company will establish a new joint-venture called Heyuan Toyota Boshoku Automotive Parts Co., Ltd. with Toyota Boshoku (China) Co., Ltd.
Feb. 2014	Guangzhou Denso Co., Ltd, the joint venture of the Company and Denso (China) Investment Co., Ltd. held opening ceremony for its new plant in Zengcheng.
Jul. 2014	Hangzhou IVECO Automobile Transmission Technology Co.,Ltd., the subsidiary of the Company, announced that its first dual clutch automatic transmission rolled off production line.
Jan. 2016	The Company establish a joint venture with Woodbridge GSK High Polymer Technology Co. Ltd. (WGSK).
Feb. 2018	The name of the Company was officially changed to GAC Component Co.,Ltd.
Jun. 2018	The Company acquired a 4% share held by Adient Asia Holdings Co., Ltd. in Changsha Adient Auto Parts Co., Ltd. (Changsha Adient) and held a 52% share in Changsha Adient after the share transation was completed. Changsha Adient thereafter became a subsidiary of the Company.
Jun. 2018	The Company and Magna International established a new joint venture named "Changsha Magna Auto Exterior Co., Ltd." in Changsha.
Aug. 2019	The company and Nidec Corporation jointly established Guangzhou Nidec Automotive Drive System Co., Ltd.
Mar. 2021	Guangzhou Showa Auto Parts Co., Ltd. changed its name to Hitachi Astemo Chassis Systems (Guangzhou) Co., Ltd..
Jan. 2022	The company established a joint venture with Zhuzhou CRRC Times Semiconductor Co., Ltd.-Guangzhou Qinglan Semiconductor Co., Ltd..
Jul. 2022	Bridgestone Corporation withdrew from Guangzhou Bridgestone Chemical Products Co., Ltd., Archem, Inc. joined and changed the name of the subsidiary to Guangzhou Archem Auto Component Co., Ltd..