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The latest announcement is out from Guangzhou Automobile Group Co ( (HK:2238) ).
Guangzhou Automobile Group Co., Ltd. reported that its April 2026 vehicle production rose 23.28% year on year to 133,912 units and sales increased 3.88% to 120,960 units, bringing year-to-date production to 528,697 units and sales to 500,889 units. Growth was driven by strong gains at GAC Toyota and especially GAC Aion and other new energy operations, though GAC Honda continued to see sharp declines in both output and sales.
New energy vehicles remained a key growth engine, with April production up 49.89% and sales up 57.39% year on year, and year-to-date NEV sales surging nearly 60%. The mixed performance across joint ventures highlights the group’s accelerating shift toward electrification and energy-efficient models, which is helping offset weakness in traditional ICE-focused ventures and could gradually reshape its revenue and competitive position in China’s auto 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 automotive manufacturer that produces passenger vehicles, commercial vehicles, and motorcycles through a portfolio of joint ventures and subsidiaries. The group operates brands such as GAC Honda, GAC Toyota, GAC Motor, and GAC Aion, with a growing focus on new energy vehicles and energy-efficient models in the domestic market.
Average Trading Volume: 14,356,039
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$67.15B
Learn more about 2238 stock on TipRanks’ Stock Analysis page.