GAC Business Co., Ltd. (hereinafter referred to as "GAC Business") is a fully-owned subsidiary of Guangzhou Automobile Group Co. Ltd. (hereinafter referred to as “GAC Group”), a Fortune 500 company, founded in March, 2000. With a registered capital of RMB 3.24 billion and a total asset of RMB 26.8 billion, GAC Business has become a large comprehensive state-owned trade business with auto trade as its major business, covering auto sales and after-market services, logistics services, leasing services, supporting services and international trade.
GAC Business is a leading automobile solution provider to establish- the first -Auto 4S dealers in China, CHAC NO.1 Dealer. Since then, GAC Business has been developing to be the brand model dealers for whole series passenger automobiles of GAC Group. With extensions to top brands such as Lexus and Acura, the GAC Business has an automobile sales and service system with 75 dealers all over China. With the development in the automobile industry and value added service, GAC Business combines with research & development, vehicle and component sectors with logistics distribution and production support, which shows the advantages in the auto aftermarket, such as travel service, auto consumables, finance lease and used-car trading services, in the meantime, GAC Business has made a great effort in the international trading business, such as automobile overseas sales and parallel import, and import and export of components. Today, GAC Business has become a large comprehensive state-owned trade business with auto trade as its major business, accompanied with multiple investments.
With a registered capital of CNY3.24 billion, a total asset of CNY18.5billion, 92 subsidiaries and a workforce of over 11,000 employees, GAC Business's revenue reached CNY 24 billion in 2016. GAC Business was awarded "the 2015 Top Hundred Auto Dealer of China" and "the 2015 Top Hundred Auto Dealer of Guangdong", and becomes the Organization with "Vice-Chairman of the Guangdong Auto Industry Association", and "the first batch of Test Units for Parallel Import in the Guangdong Nansha Free Trade Zone". In the future, in line with the 13th Five Year Plan for Economic and Social Development strategy, and powered with creativity, GAC Business will grab the chance and opportunity to develop to the leading position in auto sales and aftermarket business, and conduct more in depth studies into the service area for integrating people, automobile and life. GAC Business will continue its course towards its strategic target of becoming an Integrated International Business Services Group.