GAC Group's sales in January increased by 9% year-on-year, and GAC E-An's growth multiplier increased

GAC Aeon's January sales volume was 16,000 units, which was slightly higher than that of the new power head car companies, but due to the relatively low base of the same period last year, GAC Ae'an's January sales showed a multiple increase year-on-year. At present, the monthly sales of GAC AION S and AION Y series models have remained above 6,000 units, which is the main sales contributor of GAC Aeon. This year, GAC Ae-AN will continue to expand its production capacity, and the second plant under construction is scheduled to be completed and put into operation in December, when GAC Ae-AN will have an annual production capacity of 400,000 units, preparing for the addition of its subsequent models.

GAC FCA's shareholding structure remained variable, and sales in January fell by 30% year-on-year

Gac Fiat Chrysler and GAC Mitsubishi, two other joint ventures under the GAC Group, have not had an advantage in terms of volume due to their relatively niche positioning. In January this year, GAC FCA's monthly sales were only 1,725 vehicles, down 31% year-on-year. This lower sales figure also makes GAC FCA's situation in China increasingly marginalized. Not long ago, Stellantis Group officially released information that it plans to increase its stake in the joint venture GAC FCA from the current 50% to 75%. The announcement indirectly responds to the Stellantis Group's plan to integrate the Jeep brand import business and the local joint venture business in September last year. However, in the announcement issued later by GAC Group, it said that the shareholders of the joint venture company have not yet signed an agreement on the equity adjustment of GAC FCA. Analysts from the Gaz Automotive Research Institute pointed out that in view of the current market environment in which GAC FCA is located, and in the context of the cancellation of foreign equity restrictions by passenger car companies in 2022, Stellantis Group's blessing of GAC FCA shares will become a high probability event, which will also help Stellantis Group integrate Jeep brand imports and local businesses around the "One Jeep" strategy, and then introduce more global models into the Chinese market.

At the same time as the equity of GAC FCA is variable, GAC Mitsubishi also has the news of equity change. At the end of January, it was reported that the shareholding ratio of GAC Mitsubishi Shareholders in the GAC Group would drop from 50% to 6.3431%, the shareholding ratio of Mitsubishi Corporation increased from 20% to 92.4705%, and the shareholding ratio of Mitsubishi Motor Industry Co., Ltd. fell from 30% to 1.1864%. However, for the news, both GAC Group and GAC Mitsubishi said that the media report was wrong.

Artuk, image source: GAC Mitsubishi

Some analysts said that from the current market performance of GAC Mitsubishi, the report on the adjustment of the equity structure is not empty. For the whole of last year, GAC Mitsubishi sold 66,000 units, down 11.99% year-on-year, and in January this year, its monthly sales were only 3,805 units, down 29.54% year-on-year. At present, product imbalance and slow entry of electrified models are the biggest problems facing GAC Mitsubishi. At the Guangzhou Auto Show last year, GAC Mitsubishi released its first pure electric SUV Atuka, which is pre-priced between 210,000 yuan and 240,000 yuan, cutting into the pure electric compact SUV segment. This year, GAC Mitsubishi will focus on the launch of Artuka and the new generation of Outlander. Industry analysis pointed out that because Mitsubishi positioning is relatively niche, so Artuco's current voice is not large, and GAC Mitsubishi will still rely on Outlander for a long time.

Written in the end: In January this year, the overall sales volume of GAC Group ushered in a good start, of which the most eye-catching performance is still the new energy sector. According to the data, its new energy vehicle sales in January were 19,000 units, an increase of 115.2% year-on-year. Judging from this, gagac Aeon is still the main growth point of GAC Group's sales this year.