GAC March Sales Edge Higher as New Energy Vehicles Drive Growth

Guangzhou Automobile Group Co ( (HK:2238) ) has issued an announcement.

Guangzhou Automobile Group reported March 2026 vehicle production of 193,770 units, up 2.60% year on year, though cumulative output for the first three months fell 3.99% to 394,785 units. Vehicle sales in March rose 1.68% to 176,855 units, lifting year-to-date sales by 2.38% to 379,929 units and signaling modest overall growth despite production softness.

Performance across major subsidiaries was mixed, with GAC Toyota posting solid year-on-year gains while GAC Honda recorded sharp declines in both production and sales. New energy vehicles were a clear bright spot, with March production up 18.91% and sales surging 72.58%, underscoring the group’s accelerating shift toward electrification and strengthening its position in China’s competitive new energy vehicle market.

The most recent analyst rating on (HK:2238) stock is a Buy with a HK$4.20 price target. To see the full list of analyst forecasts on Guangzhou Automobile Group Co stock, see the HK:2238 Stock Forecast page.

More about Guangzhou Automobile Group Co

Guangzhou Automobile Group Co., Ltd. is a Chinese automaker headquartered in Guangzhou, focusing on passenger vehicles, commercial vehicles, and new energy vehicles through joint ventures and own brands. Its key operations include partnerships with Honda and Toyota, as well as its GAC Motor and GAC Aion units, targeting both traditional fuel-efficient models and rapidly growing electric vehicle segments.

Average Trading Volume: 14,756,591

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$69.15B

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