Xi Niu Cai Jing·2025-08-13 08:18Core Viewpoint - GAC Group reported a significant decline in vehicle sales for July, with a total of 119,482 units sold, representing a year-on-year decrease of 15.38% [2][4] Group Performance - GAC Honda was the most affected brand, with July sales plummeting to 16,033 units, a staggering drop of 51.81% year-on-year [2][4] - Cumulative sales for GAC Honda from January to July reached 170,680 units, down 29.24% compared to the previous year [2][4] - GAC Toyota, in contrast, saw a sales increase of 8.23% in July, selling 58,011 units [4] Sales Breakdown - Total vehicle sales for GAC Group from January to July amounted to 874,782 units, reflecting a 12.89% decline year-on-year [2][4] - GAC Trumpchi's July sales were 24,079 units, down 6.66% year-on-year, while GAC Aion's sales fell by 25.32% to 21,124 units [4] Challenges and Strategic Initiatives - GAC Honda's sales decline is attributed to slow electrification and insufficient product competitiveness, with a market penetration rate of 6.7% for mainstream joint venture brands compared to 74.9% for domestic new energy vehicles [2][4] - GAC Group is implementing a three-year "Panyu Action" plan to reform its integrated operations of self-owned brands to reverse the current downturn [4] - The company has invested 1.5 billion yuan to establish Huawang Automotive in collaboration with Huawei, with plans to launch a high-end model by 2026 and develop solid-state battery technology [4] - GAC Group's exports have seen a significant increase of 45.8%, with new factories in Malaysia and Thailand set to enhance its international market presence [4]