Lates News

Cui Dongshu of the China Passenger Car Association wrote that GAC Group recently issued a major asset restructuring announcement, planning to acquire part of the equity of a whole-vehicle joint venture under FAW to promote resource integration in the joint venture segment. Almost at the same time, Buick Zhijing New Energy celebrated the rollout of its 150,000th vehicle, achieving large-scale volume ramp-up just 16 months after the brand's launch, with an average transaction price of 257,000 yuan, rising in both volume and price. Viewed together, one restructuring and one volume ramp-up indicate that domestic joint venture automakers have bid farewell to the simple product introduction stage and fully entered a deep transformation cycle of system reconstruction. The 150,000 units prove that joint venture new energy is not a question of identity, but a question of capability.