GAC Group Reports $12.3B Loss in 2025, Launches Comprehensive Reform for Transformation

In 2025, GAC Group reported total operating revenue of approximately RMB 96.542 billion, a year-over-year decrease of 10.43%. Net profit attributable to shareholders of the parent company stood at a loss of RMB 8.784 billion. Total vehicle production and sales for the year reached 1.7444 million units and 1.7215 million units, respectively, down 8.98% and 14.06% year-over-year. The decline in performance was primarily driven by underwhelming sales of its self-owned brands, which impaired capacity utilization and economies of scale, coupled with weakening profitability in its joint venture segment, which could no longer sustain overall profitability. Amid profound industry transformation and accelerated restructuring, GAC Group launched the "Three-Year Panyu Initiative" in 2025, implementing systematic and deep-rooted reforms with a focus on restructuring its self-owned business operations. The Trumpchi brand accelerated its transition toward new energy vehicles (NEVs), Aion introduced extended-range hybrid models to adapt to market shifts, and the Hyper brand was reintegrated under centralized group management. The share of energy-efficient and NEV sales rose to 51.6%, with sequential quarterly sales growth recorded for three consecutive quarters starting from Q2 2025. On the technological front, GAC held its GAC Tech Day on April 12, 2026, unveiling new technologies such as the "Stellar Dual Powertrain" and "Starship Body," spanning NEV powertrains, intelligent cockpits, electronic/electrical architectures, and chips. Meanwhile, GAC accelerated its global expansion, with overseas sales of its self-owned brands reaching nearly 130,000 units in 2025, an increase of 47% year-over-year. GAC Group has set three key operational targets for 2026: returning annual vehicle production and sales to the 2-million-unit mark, restoring revenue to RMB 400 billion, and achieving substantial loss reduction or even a return to profitability.