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GAC Group
Guangzhou Automobile Group Co., Ltd. (GAC Group) is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. , it was the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021. The company produces and sells vehicles under its own branding, such as Trumpchi, Aion, Hyptec, Hycan as well as under foreign-branded joint ventures such as GAC Toyota and GAC Honda. It also produces electric vehicles under some of the previously listed brandings. It produces buses under the GAC Bus brand. Other brand names associated with GAC are Everus, for consumer vehicles, and Hino. In 2021, GAC was the fourth largest Chinese plug-in electric vehicle manufacturer in the Chinese market, with 4% of market share. It sold 123,660 units of EVs in 2021, and over 20,000 units in March 2022, with plans to double EV production capacity to 400,000 a year by December 2022. History Tongsheng Machining Plant, the predecessor of Guangzhou automobi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GAC Toyota
GAC Toyota Motor Co., Ltd. () is an automobile manufacturing company headquartered in Guangzhou, China and a joint-venture between GAC Group and Toyota Motor Company for manufacturing Toyota's model platform in the Chinese market. It was founded on 1 September 2004. History The company was founded in 2004 as Guangzhou Toyota, and began production in May 2006 with the Aurion-based Camry model. The company began producing the Yaris in May 2008, the Highlander SUV in May 2009, the Camry Hybrid in April 2010, the E’Z in June 2011 and the Levin in July 2014. The company was then renamed to GAC Toyota in December 2008. GAC Toyota covers an area of 1.87 million square meters and has a construction area of 440,000 square meters. As of June 2010, there are more than 6,800 employees. Subsidiary * GAC Toyota Engine Co., Ltd. (GTE) Products Timeline Current models File:TOYOTA CAMRY (XV80) China (cropped).jpg, 2023–present 广汽丰田凯美瑞''GAC Toyota Camry'' F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aion (car Brand)
GAC Aion New Energy Automobile Co., Ltd., trading as GAC Aion (), is a Chinese electric vehicle manufacturer headquartered in Guangzhou, China. A subsidiary of GAC Group, it was established in 2017 as the GAC New Energy Automobile. Its current name was adopted in November 2020. It produces battery electric vehicles under the eponymous Aion brand and the premium Hyptec brand. As of 2023, GAC Aion is the third-largest battery electric vehicle brand after Tesla and BYD Auto, both in China and globally by producing 480,003 vehicles. History GAC New Energy Automobile Co., Ltd. was established on 28 July 2017 as a subsidiary of GAC Group to develop connected new energy vehicles. Aion was introduced as an electric vehicle sub-brand under GAC New Energy in 2018. The first model, the Aion S, was shown to the public in November at Auto Guangzhou. In 2019, GAC announced 12 new models, which eventually included the LX, V, and Y. In November 2020, GAC New Energy was renamed to GAC Aion, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trumpchi Empow
The Trumpchi Empow (影豹, literally: Shadow Leopard) is a compact sedan produced by GAC Group under the Trumpchi brand in China and the GAC Motor brand globally. It was intended to be a sports sedan to differentiate from the GA4 compact sedan. Overview The Trumpchi Empow was first previewed in 2020 at the 2020 Guangzhou Auto Show in semi-concept form as the EMPOW55 Concept. The production Trumpchi Empow was officially launched during the 2021 Shanghai Auto Show in Shanghai as the successor of the Trumpchi GA4 compact sedan in China, despite the GA4 continuing to be sold alongside and also received a facelift in early 2021. The production Empow sedan is based on GAC's new Global Platform Modular Architecture. Powertrain The Empow 270T sedan is powered by a 1.5-litre turbo I4 with and of torque mated to a 7-speed dual clutch transmission. The Empow is front-wheel drive only and acceleration from takes 7 seconds. Sales commenced in 2021 and prices for Trumpchi Empow 270 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trumpchi M8
The Trumpchi M8 is a minivan manufactured by GAC Group under the Trumpchi brand in China and the GAC Motor brand globally. Originally launched as the GM8 in 2017, it was renamed in 2020 to simply M8 in China and GN8 in global markets. The completely redesigned second generation M8 was launched in 2022. __TOC__ First generation (2017) In China, the Trumpchi M8 and the previous GM8 is classified as a full-size seven-seat MPV, competing with cars like the Buick GL8. It was launched at the 2017 Auto Guangzhou as Trumpchi's first entry into the MPV segment. At launch, the GM8 is the largest passenger car that GAC has ever built and that makes it Trumpchi's flagship MPV. It was launched in the Chinese car market in the first quarter of 2018 with prices ranging from around 180,000 to 270,000 yuan. Originally shown in a seven-seat 2/2/3 setup, GAC also offers a longer variant with more seats. There are nine trim levels of the Trumpchi GM8 for the 2020 model year, all equipped wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trumpchi GS8
The Trumpchi GS8 is a mid-size crossover SUV produced by GAC Group under the Trumpchi brand in China and the GAC Motor brand globally. The first generation was launched in 2016, and spawned a slightly smaller 5-seater variant dubbed the Trumpchi GS7. The Trumpchi GS7 received a facelift in April 2020 and was renamed the Trumpchi GS8S. The second generation GS8 was unveiled in 2021 with a longer, wider body and a longer wheelbase compared to the first generation model. __TOC__ First generation (2016) Designed by former Mercedes-Benz designer Fan Zhang, it debuted at the 2016 Beijing Auto Show as Trumpchi's largest vehicle in its product lineup and later at the Detroit Auto Show. The Trumpchi GS8 is powered by a 2.0-litre turbocharged four-cylinder engine producing at 5,200 rpm and of torque between 1,750 and 4,000 rpm, the engine is paired with a six-speed automatic gearbox sending the power to either the front wheels or all four wheels. The full designation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alfa Romeo 166
The Alfa Romeo 166 (Type 936) is an executive car produced by the Italian automaker Alfa Romeo, between 1996 and June 2007. The car was designed by Centro Stile Alfa Romeo, under the control of Walter de Silva, and was facelifted in September 2003. History The 166 served as the replacement for the 164. In order to keep the design fresh, Alfa Romeo made a series of modifications to the Lancia Kappa based underpinnings, radically changing the suspension set up, and also taking a clean paper approach to the interior. The car was initially available with the following choices of petrol engines: a 2.0-litre Twin Spark 4-cylinder engine rated at , a 2.5-litre V6 rated at , a 3.0-litre V6 rated at rated at or a 2.0-litre turbocharged V6 rated at . The Diesel engine options consisted a L5 2.4-litre 10v common rail turbodiesel version rated at , and , praised for its refinement. The TS model used a five-speed manual gearbox, whilst the 2.5 and 3.0 had the option of a ''Sportronic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gonow
Gonow (officially Zhejiang Gonow Auto Co., Ltd.) () is a Chinese manufacturer of automobiles, commercial vehicles and SUV's headquartered in Taizhou, Zhejiang and a subsidiary of GAC Group. It markets its products under the brand name ''GAC Gonow'' in China and as ''Gonow'' in other markets. History The company was founded on 27 September 2003 with headquarters in Taizhou, Zhejiang. The campus covers an area of 268,000 m2. Production began with the Gonow AGE, with an initial phase of 60,000 units produced. Gonow spent 351.5 million RMB expanding its grounds by 100 acres, and increasing production to 200,000 units per year. They also began cooperation with Wuhan University of Technology, taking over construction of the Gonow Automobile R&D Center. In 2006, Gonow entered the European Union market, in a joint venture with the Italian company DR Motor Company SpA. Two SUV models were produced under license, and were marketed under the brand name Katay Gonow. On 24 October 2010, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Swap
In corporate finance, a stock swap is the exchange of one equity-based asset for another, where, during the merger or acquisition, the swap provides an opportunity to pay with stock rather than with cash; see . Overview The acquiring company essentially uses its own stock as cash to purchase the business. Each shareholder of the acquired company will receive a predetermined number of shares from the acquiring company. Before the swap occurs each party must accurately value their company so that a fair " swap ratio" can be calculated. The valuation of a company is complicated in general; here though, additional to fair market value, the investment- and intrinsic value are to be determined as well. After the valuation is complete, the parties will agree upon the swap ratio; this will determine the number of shares that each shareholder will receive. In theory, a fair ratio is such that shareholders in both previous companies now own a pro-rated share of the new company: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Listing (finance)
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are publicly listed. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions. Normally the issuing company is the one that applies for a listing but in some countries an exchange can list a company, for instance because its stock is already being traded via informal channel Stocks whose market value and/or turnover fall below critical levels may be delisted by the exchange. Delisting often arises from a merger or takeover, or the company going private. Requirements Each stock exchange has its own 'listing requirements'' or rules. Initial listing requirements usually include supplying a history of a few years of financial statements (not required for "alternative" markets targeting young firms); a sufficient size of the amount being placed among the general public (the free float), both in absolute terms and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous natio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reverse Takeover
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of a private company purchase control of a public shell company/ SPAC, and then merge it with the private company. The publicly traded corporation is called a "shell," since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, negot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
