GAC GROUP(SH:601238) Zhong Guo Jing Ying Bao·2026-01-22 06:48Core Viewpoint - Guangzhou is accelerating the construction of a trillion-level automotive industry cluster, focusing on the integration of smart and electric vehicles, autonomous driving, and the localization of key components [1][2]. Group 1: Industry Development and Challenges - Guangzhou has established a robust automotive industry base with nine vehicle manufacturers and over a thousand parts suppliers, achieving an average annual growth rate of over 60% in new energy vehicle production over the past five years [2][3]. - Despite its strengths, the automotive industry in Guangzhou faces challenges in commercializing cutting-edge technologies, coordinating the supply chain, and improving infrastructure [2][3]. - The city has opened 2,601 kilometers of smart connected vehicle testing roads, with over 8.36 million kilometers of autonomous driving demonstration operations covering ten major application scenarios [3]. Group 2: Strategic Recommendations - The company suggests focusing on low-altitude economy and autonomous driving as core areas for future industry development, proposing to accelerate the commercialization of electric vertical takeoff and landing vehicles [4][5]. - Recommendations include enhancing vehicle-to-grid (V2G) policies, improving automotive export logistics, and making Guangzhou a pilot city for automotive aftermarket modifications to meet consumer demands [5]. - The Guangzhou government has set 2026 as a key year for industry development, planning to build a low-altitude industrial ecosystem and an intelligent connected vehicle industrial park [5]. Group 3: Innovation and Ecosystem - The automotive industry in Guangzhou is characterized by a collaborative ecosystem with local leaders like GAC Group driving transformation through integrated reforms and efficient operational systems [3][4]. - GAC Group has received nearly 2,000 orders for its GOVY AirCab flying car, with production expected to start soon, supporting the development of low-altitude economy applications [4]. - The company emphasizes the importance of technological innovation to overcome development bottlenecks and maintain Guangzhou's core position in the national automotive industry landscape [2][3].