GAC Motor targeting 1M unit sales by 2020, 20% new energy vehicles; entering US market by 2019; transition to electric “may be quite long”

20 Jun 2017   China, Electric Cars

GAC Motor was one of the few automakers, and the only Chinese auto brand, to take the main stage at last week’s Michelin Movin’On 2017 global sustainable mobility summit in Montreal. During his talk, Yu Jun, president of GAC Motor, said that his rapidly growing company is targeting sales of 1 million units annually by 2020, with 20% of those being new energy vehicles. Yu said that GAC plans to introduce seven new energy vehicle models—including both electric and hybrid plug-in designs—to the market this year. GAC has already established its first North America R&D Center in Silicon Valley, and plans to to enter the US market no later than 2019. As the fastest growing Chinese automaker, GAC Motor has achieved 85% compound annual growth rate for six consecutive years. In the first five months of 2017, GAC Motor has already blown past previous records with 207,000 cars sold, […]

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