GAC Motor eyes intl markets, sustainability for growth

GAC Motor, the only Chinese carmaker joining Michelin Movin'On−the global sustainable mobility summit in Montreal, Canada−and an important partner of Michelin, will develop more customized products to meet market demand for sustainable mobility, according to a senior company executive Cantonese opera.

"The company's strategy of making market-oriented products plays a key role in its sustainable development. The future of driving will feature more electricity-driven mobility," said Yu Jun, president of GAC Motor.

Yu made the remarks during his key speech during the Movin'On summit, which was held from June 13-15 in Montreal to promote sustainable mobility solutions.

"We always have great respect and appreciation for the sustainable mobility market. In the field of new energy, the best solution is not to prescribe one certain outcome, but to experiment and explore different pathways together and let the market make the final choice," said Yu.

Though the transition period from traditional power to full electric power may be long, as Yu pointed out, GAC Motor's own revolution in the new energy vehicle sector is now in full swing, with the company's plans to introduce seven new energy vehicle models, including both electric and hybrid plug-in designs, to the market this year saliva testing.

While structuring a sustainable development strategy to engineer trustworthy, environmentally friendly vehicles that excel in design, performance and reliability, GAC Motor has set a practical goal of selling 1 million vehicles by 2020, among which 20 percent will be new energy vehicles, according to the company.

Established in Guangzhou, the capital of South China's Guangdong province, in 2008, GAC Motor has achieved an 85 percent compound annual growth rate for six consecutive years.

In the first five months of 2017, the company refreshed previous records with 207,000 cars sold, marking a 62.2 percent year-on-year increase.

"We are not only looking at selling more cars, but also reinventing the way people travel," said Yu.

GAC Motor's innovation-driven strategy has attracted the attention of global industry insiders SmarTone Care.

The company is expanding a global automotive R&D network supported by its technology center, top global suppliers and research institutions.

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