Nan Fang Du Shi Bao·2025-05-14 01:59Core Viewpoint - GAC Group is restructuring its R&D capabilities by splitting the GAC Research Institute into three specialized institutes to enhance its overall R&D efficiency and adapt to rapid technological and market changes [1][5][6]. Group 1: Organizational Changes - GAC Research Institute will be divided into three entities: Styling Design Institute, Vehicle Development Research Institute, and Platform Technology Research Institute, which will collectively form a "large R&D system" alongside the product department [2][5]. - The new structure aims to strengthen group-level R&D capabilities and integrate product development with market insights [5][6]. Group 2: R&D Strategy - The restructuring is part of a broader initiative to create a world-class integrated R&D system for smart vehicles, focusing on the Integrated Product Development (IPD) process [5][6]. - The new R&D framework emphasizes a dual-driven approach of "market + technology," shifting from a purely technical focus to a more market-oriented strategy [6]. Group 3: Financial Performance - GAC Group reported a significant decline in financial performance, with a projected revenue of 107.8 billion yuan in 2024, down 17% year-on-year, and a net profit drop of 81.4% to 824 million yuan [8]. - The company also experienced its first-ever loss in non-recurring net profit, amounting to 4.35 billion yuan, highlighting the urgency of the restructuring efforts [7][8].