Core Viewpoint - GAC has successfully entered the Thai market, leveraging the country's push for electric vehicle (EV) adoption and establishing itself as a significant player in the region's automotive landscape [1][4][18]. Group 1: Market Entry and Strategy - GAC officially launched its strategy in Thailand in June 2023, with its first model entering the market in September [1]. - Despite being a latecomer compared to competitors like SAIC, Great Wall, and BYD, GAC has quickly risen to become the third-largest player in Thailand's EV market [1][4]. - The company aims to replicate its domestic success in Thailand, focusing on building a comprehensive ecosystem that includes manufacturing, energy supply, and after-sales services [1][6]. Group 2: Market Potential and Government Support - The Thai government is actively promoting the transition to EVs, targeting a 30% market share for electric vehicles by 2030, which presents significant opportunities for GAC [4][5]. - GAC views Thailand as a strategic base for expanding into the broader ASEAN market, emphasizing the need for a robust local ecosystem before scaling operations [5][6]. Group 3: Sales Performance and Local Production - GAC's sales in Thailand have shown rapid growth, with projections of approximately 15,000 units delivered in 2023, up from around 1,000 in the first year [1][7]. - The company has established a local factory, with plans for over 95% of its models sold in Thailand to be produced locally starting next year [7][18]. Group 4: Consumer Preferences and Market Dynamics - Thai consumers are increasingly receptive to EVs, viewing them as advanced technology, which has led to a significant market penetration of Chinese electric vehicles [9][10]. - GAC is also addressing local charging infrastructure challenges by promoting home charging solutions and collaborating with local partners [9][11]. Group 5: Competitive Landscape and Future Plans - GAC recognizes the need to adapt to local culture and industry practices, focusing on supporting local supply chains and collaborating with educational institutions to develop local talent [13][14]. - The company plans to introduce more hybrid products in addition to its EV lineup and aims to increase local component sourcing to enhance its competitive edge [18].

12月24日，广汽集团（601238）发布公告称，公司副总经理郑衡因个人身体原因申请辞去公司副总经理 职务，辞职后不再担任公司任何职务。 此前，广汽领程董事长一职由副总经理严壮立担任，任期到期日为2025年12月31日。今年9月，严壮立 因"个人原因"辞去所有职务，由郑衡接任。 《中国经济网》9月18日报道称，已经退休的前广汽乘用车总经理张跃赛被带走调查。 今年11月16日，广汽集团发布公告，正式聘任閤先庆为总经理、王丹为总会计师，高锐、江秀云、郑 衡、黄永强、陈家才为副总经理。 公开资料显示，郑衡出生于1970年8月，今年55岁，毕业于中国石油大学经济学专业。据悉，郑衡大学 毕业后加入了广州标致，在这里工作长达七年。在这之后，郑衡还担任过广汽丰田客户服务部副部长、 副总经理兼销售部长，广汽本田执行副总等职务。2022年6月经公开招聘程序，郑衡被聘任为广汽集团 副总经理。 "车轱辘话"报道称，广汽集团一直都保持着由集团层面领导兼任子公司董事长的惯例。 郑衡的辞职事发突然。公告中显示，其原定任期到期日为2028年3月27日，此次离任时间为2025年12月 23日，比原定离任时间提早了三年。 广汽集团称，郑衡的《 ...

Core Insights - The passenger car sector experienced a slight decline of 0.07% on December 25, with Haima Automobile leading the drop [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] Market Performance - Great Wall Motors closed at 22.17, with an increase of 0.68%, trading volume of 91,400 shares, and a transaction value of 201 million yuan [1] - BYD closed at 94.84, up 0.44%, with a trading volume of 182,200 shares and a transaction value of 1.726 billion yuan [1] - SAIC Motor remained unchanged at 15.44, with a trading volume of 260,900 shares and a transaction value of 403 million yuan [1] - Changan Automobile closed at 11.90, down 0.25%, with a trading volume of 506,300 shares and a transaction value of 602 million yuan [1] - Seres closed at 119.11, down 0.49%, with a trading volume of 109,300 shares and a transaction value of 1.302 billion yuan [1] - GAC Group closed at 8.12, down 1.10%, with a trading volume of 360,400 shares and a transaction value of 294 million yuan [1] - BAIC Blue Valley closed at 8.01, down 2.08%, with a trading volume of 1,419,700 shares and a transaction value of 1.14 billion yuan [1] - Haima Automobile closed at 8.70, down 3.12%, with a trading volume of 2,031,900 shares and a transaction value of 1.781 billion yuan [1] Capital Flow - The passenger car sector saw a net outflow of 536 million yuan from institutional investors, while retail investors had a net inflow of 484 million yuan [1] - BYD had a net inflow of 171 million yuan from institutional investors, but a net outflow of 117 million yuan from retail investors [2] - Great Wall Motors experienced a net inflow of 22.71 million yuan from institutional investors, with a net outflow from retail investors [2] - GAC Group had a significant net outflow of 63.71 million yuan from institutional investors, while retail investors contributed a net inflow of 39.88 million yuan [2] - Changan Automobile faced a net outflow of 83.01 million yuan from institutional investors, with retail investors showing a net inflow of 75.99 million yuan [2] - BAIC Blue Valley had a net outflow of 126 million yuan from institutional investors, while retail investors contributed a net inflow of 81.98 million yuan [2] - Haima Automobile saw a net outflow of 186 million yuan from institutional investors, with retail investors showing a net inflow of 16.8 million yuan [2] - Seres experienced a net outflow of 27.37 million yuan from institutional investors, while retail investors had a net inflow of 18.41 million yuan [2]

Group 1 - Kashgar Changxin Automobile Sales and Service Co., Ltd. was recently established with a registered capital of 10 million RMB, and its legal representative is Wu Tao [1][2] - The company is wholly owned by GAC Group's subsidiary, GAC Trading Co., Ltd., and its business scope includes automobile sales, wholesale of auto parts, and sales of new energy vehicles [1][2] - The company was registered on December 19, 2025, and is located in Wukusake Town, Shufu County, Kashgar Region, Xinjiang [2] Group 2 - The business activities of Kashgar Changxin include various services such as vehicle sales, second-hand car brokerage, and maintenance services [2] - The company is classified under the motor vehicle, electronic products, and daily products repair industry [2] - The registration status of the company is active, and it is registered as a limited liability company [2]

Core Viewpoint - GAC Group has officially launched the L3 conditional autonomous driving highway testing for its A800 model under the Haobo brand, with a maximum testing speed of 120 km/h, making it one of the few projects in China approved for such testing [1] Group 1 - The A800 model's L3 conditional autonomous driving testing has received approval from relevant authorities in Guangzhou [1] - The testing is significant as it represents a step forward in the development of autonomous driving technology in China [1] - The maximum speed for the testing is set at 120 km/h, indicating the vehicle's capability for high-speed autonomous operation [1]

天眼查App显示，近日，喀什长信汽车销售服务有限公司成立，法定代表人为吴涛，注册资本1000万人 民币，经营范围包括汽车销售、汽车零配件批发、新能源汽车整车销售等，由广汽集团（601238）旗下 广汽商贸有限公司全资持股。 ...

Core Insights - Thailand is the 10th largest automotive producer globally and the largest in Southeast Asia, known as the "Detroit of the East" [2] - The Thai government is initiating a transition to electric vehicles (EVs), prompting Chinese automakers to aggressively enter the market [3][6] - The penetration rate of new energy vehicles in Thailand has reached 20%, with significant growth in EV sales compared to other regions [6][10] Industry Overview - Thailand's automotive market has a long-standing dominance of Japanese brands, which held a market share of around 90% at their peak and is expected to remain at about 70% in 2024 [2] - Chinese automakers have increased their market share from 5% to approximately 20% in recent years, with over 70% market share in the EV segment [7][10] - The Thai government has implemented subsidies for EVs, significantly boosting sales, with a reported 7.6 times increase in new EV registrations in the first nine months of 2023 compared to the previous year [11] Market Dynamics - The Thai EV market is characterized by a lack of local automotive brands, allowing for a more open market environment [10] - The government has introduced policies requiring local production to benefit from subsidies, which has led to increased investments from Chinese companies like BYD and GAC [12][11] - The competition in the Thai automotive market is intensifying, with new entrants increasing the pressure on existing players [18] Future Opportunities - There is a significant opportunity for Chinese brands in the Thai market, particularly in the segments of pickup trucks and commercial vehicles, where current penetration is low [20] - The Thai government is negotiating free trade agreements with the EU, which could provide additional market access and benefits for manufacturers operating in Thailand [13] - The shift towards hybrid vehicles (PHEV and REEV) presents a potential growth area, as these models may capture market share from traditional HEVs [19]

广汽集团（601238）12月24日公告，董事会于近日收到副总经理郑衡的《辞职函》，因个人身体原因， 他申请辞去副总经理职务，离任时间为2025年12月23日，原定任期到2028年3月27日，辞职后不再担任 公司任何职务。郑衡不存在未履行完毕的公开承诺，其离任不影响公司正常生产经营。 ...

Group 1 - GAC Group announced the resignation of Vice President Zheng Heng due to personal health reasons, effective December 23, 2025 [1][4] - Zheng Heng's term was originally set to expire on March 27, 2028, and he will not hold any position in the company after his resignation [4] - Zheng Heng has extensive experience in the automotive industry, having worked in various joint ventures and held significant positions, including Vice President of GAC Group since June 2022 [4] Group 2 - GAC Group's financial performance for the first three quarters of 2025 showed a revenue of 66.272 billion yuan, a year-on-year decline of 10.49%, and a net loss of 4.312 billion yuan compared to a net profit of 120 million yuan in the same period last year [5] - Total vehicle sales for GAC Group in the first three quarters were 1.184 million units, down 11.34% year-on-year, while sales of new energy vehicles from January to September were 268,300 units, a decrease of 4.99% [5] - GAC Toyota, however, reported a sales increase of 4.89% year-on-year, with 543,200 units sold in the first three quarters [5]

文 | 《次世代车研所》栏目 张俊 "未来3年投入不设上限，昊铂必将成为中国头部高端品牌。" 今年上半年，广汽集团高管放出豪言，给昊铂车主们吃了个"定心丸"。但仅仅数月后，广汽又让昊铂与 埃安合并到同一个BU之中，这也意味着昊铂冲高之路戛然而止。 作为从广汽埃安独立出来的高端子品牌，昊铂确实有些不争气。第三方数据显示，其2024年的累计销量 仅为1.73万辆，5万辆的销量目标完成度仅34%。今年以来，其月销量也仅在千余辆左右徘徊。 从具体车型来看，希望树立超高端品牌形象的百万超跑昊铂SSR，多个垂类网站数据显示，其今年有多 个月份的月销量显示为0。今年10月30日刚刚上市的昊铂GT全新LITE版，不到两个月就有经销商给出了 降价2.5万元的优惠，几乎打了八折。 广汽集团副总经理黄永强今年3月的豪言壮语仍在耳边，但如今的昊铂已经变了模样。 日前，广汽集团宣布组建昊铂埃安BU，将两大品牌纳入同一事业部统筹运营。根据规划，两品牌渠道 融合将分阶段推进，最终在2026年3月31日前，昊铂与埃安品牌将完成渠道全面融合。 昊铂是广汽埃安于2022年发布的高端子品牌，今年1月，昊铂从广汽埃安正式独立，与埃安、传祺并列 为广 ...