The annual sales volume of automobiles reached 2.5 million units, a year-on-year increase of 27%, the independent brand is expected to achieve sales of about 890,000 units, in the face of the fierce competition in the automobile market, GAC Group handed over a lot of bright spots at the end of the term.
According to the announcement released by GAC Group on December 21, it is expected that the production and sales of automobiles in 2023 will be about 25130,000 and 25000,000 units, an increase of 1 year-on-year3% and 27% to achieve steady growth. The sales of self-owned brands are expected to be about 890,000 units, and the sales of self-owned brand new energy vehicles will account for about 58% of the sales of independent brands, a record high, and GAC Group's goal of "50% of self-owned brand new energy vehicle sales in 2025" in the "14th Five-Year Plan" two years ahead of schedule.
GAC Group pointed out that in 2023, in the face of multiple difficulties and challenges, GAC Group will adhere to the principle of seeking progress while maintaining stability, facing difficulties, implementing comprehensive policies, going all out to fight for the market, competing for orders, tapping potential, and expanding increments, and making breakthroughs in the coordinated development of the sector, fighting the battle of the market, deepening the integration and synergy of independent brands, transforming GAC with science and technology, and promoting value creation, and the production and operation have maintained a steady development trend.
In fact, GAC Group's production and sales performance in 2023 did not meet the sales target set at the beginning of the year. According to the data, GAC Group's sales target for 2023 is to maintain a growth of 10%, and according to this calculation, GAC Group's sales target for 2023 is 267720,000 units, 17 short of the actual sales target720,000 units.
Although it failed to meet its sales target, the GAC Group still achieved remarkable results. In 2023, GAC Group's brands will launch more than 20 new models, GAC Trumpchi will accelerate the transformation of new energy and achieve sustained profitability, and the Trumpchi MPV family has gained the trust of more than 500,000 users, with a market share of more than 20%. GAC Aion actively promoted the independent operation of the Haobo brand and accelerated the international layout, and the annual production and sales growth significantly outperformed the market, ranking among the top three new energy manufacturers.
In terms of joint venture brands, GAC Toyota is expected to rank first in Japan in terms of terminal sales for the whole year, overcoming difficulties such as the decline of gasoline vehicles.
First, the joint venture is third, and its performance is better than the average level of fuel vehicles. Guangqi Honda reached the milestone of 10 million production and sales this year. At the same time, Guangqi Honda has restarted the export of complete vehicles, and the ZR-V has been exported to Europe for the e:HEV model, and the Odyssey e:HEV model has been exported to Japan, with an annual export of more than 20,000 units, demonstrating the high quality, high reliability and cost advantages of Guangqi Honda's products.
In addition to the vehicle field, the GAC Group has also made great progress in the field of research and development. Since the beginning of this year, the group has added 2,768 patents, including 1,375 invention patents, accounting for nearly 50%, and AION Y won the "Design Gold Award" of the 24th China Patent Award. GAC Aion has achieved a new breakthrough in solid-state battery technology and will be mass-produced in 2026.
At the same time, GAC Group completed the establishment of the Guangdong Provincial Key Laboratory of Automotive Electronic and Electrical Architecture, and completed the design and development of Xingling electronic and electrical architecture, which increased the data transmission rate by 10 times and the maximum computing power by 50 times, and has been installed in Haobo GT, Haobo HT and Trumpchi E8 models. GAC's AI large model platform is the first in the industry to create a large model platform technology, and is the first to land in GAC's intelligent voice interaction scenarios. In terms of forward-looking technology research, GAC Flying Car GOVE made its debut at the 2023 GAC Science and Technology Day and successfully achieved its first flight in the world.
As the two major increments of building a trillion GAC, the energy sector and the international sector also have their own bright spots. This year, GAC Group reorganized and established Youpai Energy Technology, completed the integration of resources in the energy sector, and accelerated the layout through a series of strategic cooperation to build a vertically integrated industrial chain of "lithium mine + basic lithium battery raw material production + battery production + energy storage and charging and swapping services + battery leasing + battery ** and cascade utilization", and completed the construction of more than 500 charging stations and 70 battery swap stations. GAC's self-developed battery industrialization project (Inpai Battery) and self-developed electric drive industrialization project (Ruipai Power) have both been completed and put into operation.
In terms of internationalization, GAC Group has taken a more steady pace, and has completed the market layout of 5 major sectors and 39 countries and regions in the Middle East, Americas, Africa, Southeast Asia and Eastern Europe. According to the characteristics of overseas markets, multi-channel models such as standard stores, satellite stores, and service centers have been formed around the world, and it is expected that there will be 167 overseas sales stores by the end of this year. GAC Aion is expected to export 3,500 new energy vehicles (NEVs) in the year with a focus on the Southeast Asian market, strengthening local operations.
For the trend in 2024, GAC Group said that next year is a key year to sprint to the "14th Five-Year Plan" goals and accelerate the construction of "trillion GAC", and will adhere to the general tone of "seeking progress while maintaining stability, promoting stability with progress, and establishing first and then breaking", focusing on promoting key actions such as structural adjustment, quality and efficiency improvement, brand renewal, collaborative going overseas, strengthening the chain, enabling innovation, layout optimization, and reform. The company aims to achieve a 10% increase in sales in 2024. Among them, GAC Group's own brand launched a sprint to annual sales of 1.1 million units, a year-on-year increase of more than 22%.
2023 Annual Stocktake