Shanghai (ZXZC)- GAC Motor International Sales Company ("GAC International"), the international business unit of GAC MOTOR, saw its Russia subsidiary ("GAC International Russia") become profitable for the first time in 2022.

At a meeting held on Jan. 20, GAC International Russia said it surpassed its annual targets in all business aspects with 20 dealerships operating by the end of 2022. Meanwhile, the company saw a year-on-year growth in the full-year profit, which turned itself into a profitable company from the money-losing status.

Photo credit: GAC International

As for the working plans for the year of 2023, Zeng Hebin, general manager of GAC International, said the subject of supply chain would be prioritized by GAC International Russia to ensure that two new models would hit the Russian market this year. He added the Russia branch would dash with all its might to promote the Chinese brand to crack the first-tier group in the Russian automobile market in partnership with its local dealers.

In addition, GAC International, together with its Philippine distributor Astara Group, official launched the EMPOW and the all-new Trumpchi GS8 in the Philippine market in late Jan., according to a post on the company's WeChat account.

Jun Cajayon, head of GAC MOTOR Philippines Brand, said GAC MOTOR would continue to expand its dealer network in the Philippines, with plans to open 9 dealer showrooms in the country by mid-2023 and increase the number to 20 by the end of this year.