GAC GONOW Auto Co.,Ltd was established in December 9, 2010,which is a joint venture company between Guangzhou Automobile Group Co.,Ltd.(GAC) and Zhejiang Gonow Holdings Group Co.,Ltd, with a shareholding ratio of 51:49.
GAC GONOW has three vehicle manufacturing bases in Taizhou, Xiaoshan and Dongying,an automotive research institute and two marketing companies, with a total of over 3,000 employees, including over 300 middle-level and senior engineering technicians and senior managers. The company is a key enterprise supported by the Zhejiang Provincial People’s Government as well as one of the “country’s first group of automobile export base enterprises”.
With a construction area of 268,000 square meters, Phase 1 of GAC GONOW Taizhou Manufacturing Base can manufacture 60,000 pickups and SUVs and 60,000 engines per year; with a construction area of 48,500 square meters, Phase 1 of Xiaoshan Manufacturing Base can manufacture 250,000 minibuses per year; with an area of 664,000 square meters, Dongying Manufacturing Base can manufacture 150,000 pickups & SUVs also automotive parts.
GAC GONOW is a model of innovative cooperation between state-owned enterprises and private enterprises. The company not only enjoys advantages of state-owned enterprises in such aspects as capital, technology, talent, management and scale, but also boasts a flexiblebusiness mechanism of private enterprises. With the vision of strengthening the pickup sector, expanding the minibus sector and refining the SUV sector, under the principle of “making worldclass vehicles”, the company has adhered to the synchronous development of domestic and overseas markets, persisted in independent R & D, innovation and development, and grown constantly by implementing the strategy of differentiated development.
In the future, the development prospect of GAC GONOW will be bright. The company will invest a total of 6 billion yuan to form a production capacity of 500,000 units. Through resource integration, continuous innovation, technical improvement and active development of domestic and overseas markets, “GAC GONOW” will eventually become one of China’s most competitive independent auto brands.