On the evening of July 19(Beijing time), the U.S. Fortune magazine released 2018 Fortune Global 500. GAC was No.202, moving up by 36 places from last year. In 2018, 120 Chinese companies were listed in Fortune Global 500 and GAC was placed No.44 among them. The Fortune Global 500 is known as the most famous and authoritative “ultimate list” for measuring large companies around the world, an important evidence to prove sound development of the company. GAC has been on the List for six consecutive years, and it kept moving up on the list year on year with a strong  development momentum.

GAC Ranked No.202 in 2018 Fortune Global 500

　　In the first half of this year, GAC’s cumulative production and sales respectively exceeded 1 million vehicles, and GAC continued to achieve steady growth. Such passenger car companies as GAC Honda, GAC Toyota, GAC Trumpchi and GAC Mitsubishi continued to grow. GAC Toyota’s cumulative sales increased by 16.37% year-on-year, and GAC Mitsubishi’s sales increased by 38.64% year-on-year. In the 2018 China Automobile Sales Satisfaction Index (SSI) Report released by J.D.Power in June, GAC Honda ranked 3rd among the 72 car brands surveyed with a score of 674 points; with its excellent quality and professional services, GAC Trumpchi got 653, the top among Chinese self-owned brands. With the gradual release of the potential of China’s new energy vehicles and GAC’s continued efforts, sales of GAC’s new energy vehicles has gradually increased this year. NEV sales in June increased by 19.7% from the previous month. In the second half of the year, with the launch of Trumpchi All-New GS4, GAC New Energy GE3 530, GAC Honda 2018 CITY, GAC Toyota C-HR and GAC Mitsubishi Eclipse Cross, we have reasons to believe that GAC’s sale will continue to rise.

GAC New Energy GE3 530

　　In 2017, GAC overachieved its annual target for the whole year. The oproduction and sales of automobiles exceeded 2 million units for the first time, a year-on-year increase of over 21%. The growth rate is equivalent to 7 times of the industry average. GAC insists on providing first-class products and better services to customers with craftsmanship, which has obtained good results.

　　In 2018, GAC will focus on brand publicity. GAC continues to build the international influence of the brand and promote brand upgrade. This year, the brand value increases to 25.7 billion yuan, five times that of 2015. GAC’s brand value is widely recognized. The company has been listed into the brand rankings selected by many authoritative brand research institutions such as Interbrand, the world’s largest comprehensive brand consulting company. Following the cooperation with the 2017 Guangzhou Fortune Global Forum and the 2017 Fortune International Technology Brainstorming Conference, GAC Group once again became the presenting partner of the 2018 Fortune Technology Forum, providing the only officially designated vehicles for the forum, and prize cars for winners of “Fortune China Innovation Award”.

GAC Became Presenting Partner of 2018 Fortune Technology Forum

　　While achieving rapid and steady development, GAC is also actively promoting innovation-driven development. In the first half of this year, GAC had 412 new patent applications and accumulated 3,807 patent applications. The project of “Gas Engine High-efficiency Combustion Technology and Product Development” won the first prize of the 2017 Guangdong Science and Technology Award. On April 18, GAC received the first batch of autonomous driving test vehicle license issued by Chongqing Municipal Government. In this April, GAC Advanced Design Center in Los Angeles was officially inaugurated, a further move for GAC to integrate overseas superior resources and enhance R&D design strength.

Office Area of GAC Advanced Design Center in Los Angeles

　　For the future mobility, GAC insists on internal collaborative innovation, and external open cooperation. On July 19, GAC signed agreement with CATL to establish joint venture. Both Parties want to further deepen the cooperation in the industrial chain and accelerate the breakthrough in “electrification”; this April, GAC respectively signed strategic cooperation agreements with Cisco China and Didi to embrace more extensive cooperation in terms of driverless technology, new energy vehicle, big data applications and mobility services. In addition, GAC have already reached strategic cooperation with such partners as Huawei, Tencent, NIO, China Mobile and iFlytek, to accelerate the development and application of intelligent connected vehicles.

GAC and CATL Signed a Contract for Establishment of Joint Venture

　　This year, GAC has determined the development vision and mission of the new phases: the first phase, strive to become a top 100 company in the world by 2017, the 30th anniversary of the Group’s establishment; the second phase, become a world-class enterprise with global competitiveness by 2037, the 40th anniversary of the Group’s establishment. Next, GAC Group will follow  “one focus, two principles and three transformations” and ensure the goal of 10% sales growth in 2018 compared with 2017. GAC will substantively promote transformation and upgrading and make due contributions to high-quality development of China’s auto industry as well as Guangdong’s economy and blueprint of “taking the lead in 4 areas”.