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GAC Group withdraws from BYD joint venture new energy bus company

2024-11-14 08:37:07

IT House November 12th news, Guangzhou GAC New Energy Bus Co., Ltd. changed its industrial and commercial changes on November 8th, GAC Group withdrew from shareholders ranked among shareholders. At the same time, some of the main personnel also changed.

Guangzhou GAC BYD New Energy Bus Co., Ltd. was established in August 2014. The legal representative is Chen Daohong, with a registered capital of 300 million yuan, BYD and 51% and 49% respectively.

The companys business scope includes car parts and accessories manufacturing, automobile parts design services, automobile sales, automobile parts wholesale, power transportation facility installation engineering services, engineering and technical research and technology research and technology research and technology researchTest development, energy technology research, etc.Shareholders information shows that the companys wholly -owned shares in BYD.

According to the announcement of the Guangdong United Property Exchange Center, GAC Group announced in October this year that the entire equity of the GAC BYD new energy buses held was publicly listed for transfer.Yuan .After the completion of the property right transfer transaction, GAC BYD New Energy Bus may no longer continue to use intangible assets such as "GAC" fonts and trademarks, and shall not continue to carry out operating activities in the name of state -funded enterprises.

IT House noticed that in BYDs 2023 financial report, GAC BYDs new energy passenger car is extremely low , only appearing in the list of joint venture companiesOnce once, there is no more information disclosure.

According to the First Financial Report, GAC Group said that according to the GAC Group Commercial Vehicle Development Plan, is to further centralize resources and enhance competitive advantages to realize commercial vehiclesStrategic transformation and high -quality development, GAC Groups public listing transferred 49% equity of GAC BYD New Energy Bus.

The report mentioned that the cooperation between the two parties originated from the demand for the development of new energy buses in Guangzhou, and mainly provided the Guangzhou bus market.According to the plan, between 2013 and 2015, Guangzhou will promote 10,000 new energy vehicles, of which 2,000 new energy buses will be promoted.At that time, BYDs new energy buses had considerable sales and wanted to enter the Guangzhou bus market.In order to comply with local relevant rules, BYD chose to jointly set up GAC BYD New Energy Bus. The production base is located in Conghua District, Guangzhou, and BYD provides technical support, but adopts the logo of Guangzhou local enterprise GAC .

It is reported that in the 10 years since its establishment, GAC BYDs new energy buses mainly sell K8S pure electric double -layer buses and C9 pure electric bus, but the two passenger cars have sold extremely in the new energy buses market.Low.In September 2024, GAC BYD New Energy Bus Products has less than 1%in the passenger car market .

The above transfer announcement shows that in 2023, GAC BYDs new energy passenger car operating income of 6.53 million yuan, a net loss of 51.79 million yuan; on 2024, on 2024In half a year, operating income was 99.86 million yuan, net profit was 48.83 million yuan, and the total assets at the end of the period were 758 million yuan, and the total liabilities were 809 million yuan.On September 19 this year, the announcement of the Ministry of Industry and Information Technologys road motor vehicle manufacturers and products (batch 386) showed that GAC BYDs new energy buses have independently revoked automobile production qualifications, and all products of enterprises cannot produce and sell.At present, GAC BYDs new energy buses have been discontinued from chemical plants.

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