GAC Group Q1 2026 Revenue Rebounds, Sales Rise 2.38% Amid Market Downturn

GAC Group released its first-quarter financial report on April 29, 2026. During the reporting period, the company generated revenue of RMB 20.039 billion, an increase of 1.98% year-over-year, ending four consecutive quarters of year-on-year declines. Its net loss attributable to shareholders narrowed to RMB 6.56 billion from RMB 7.32 billion in the same period of 2025. Meanwhile, China's auto market faced significant pressure overall; according to data from the China Association of Automobile Manufacturers, domestic passenger vehicle sales totaled 4.013 million units in the first quarter, down 23.4% year-over-year. Against this backdrop, GAC Group sold a total of 379,900 vehicles in the first quarter, up 2.38% year-over-year.