Shanghai March 29th, 2017 ZXZC-The GAC Motors’ project on increasing annual new energy cars production to 200 thousand unit has been approved on March 27th by Guangzhou Automobile Group board and the automaker will invest 4.69bn RMB in the project. The car maker reported to improve its new energy cars manufacturing capability,optimize the product structure of the band and enhance GAC Motors’ overall competitiveness by the implementation of the project,which is believed to promote the development both of the subsidiary and GAC.

It is not a long time since GAC Trumpchi stands out among the self-independent brands but it did make an early start and continue its efforts in developing new energy vehicles.If we take 2014 as the beginning year of the rapid growth of new energy vehicles, then we could see that in 2015 GAC has already listed the new energy vehicles on the top of their agenda and made a plan to invested 2bn to develop the new energy vehicles in 5 years.GAC Trumpchi plays big here.

As the government became more clear in the arrangement of the new energy vehicles, GAC accelerated its progress. In 2016, GAC founded the GAC Motor NEV subsidiarity to advance its investment in the growing market and planned to issued 15bn non-public offerings to fund the new energy vehicles and self-independent brand. On March the 8th this year,the automaker said to initiate a 3bn auto innovation fund for the key parts of new energy vehicles and connected cars and other services.

Based on the three PHEV, EV and HEV platform,Trumchi is to roll out several models.While the Trumpchi GA5 PHEV has already made its debut ,about its seven siblings are to come into the market in the future including three phevs (GA3S PHEV,GS4 PHEV and GA6 PHEV) ,three evs(GS4 EV,EV coupe and GE3 and one hev(GA8 HEV).