GAC to set up North Amer­ica R&D cen­ter

China Daily (USA) - - BUSINESS - By QIU QUANLIN in Guangzhou qi­uquan­lin@chi­na­di­ By BLOOMBERG

A man

GAC Mo­tor Ltd, a sub­sidiary of the Guangzhou Au­to­mo­bile Group Co, will es­tab­lish a re­search and de­vel­op­ment cen­ter in North Amer­ica by the end of this year, aim­ing to fa­cil­i­tate its global ex­pan­sion, ac­cord­ing to a se­nior com­pany en­gi­neer.

GAC Mo­tor head de­signer Zhang Fan said the new fa­cil­ity, which will fo­cus on new tech­nol­ogy and new-en­ergy ve­hi­cles, would help the com­pany boost its pres­ence in the de­vel­oped mar­ket.

“For Chi­nese home­grown car­mak­ers, it is of great im­por­tance to en­ter the de­vel­oped mar­kets, es­pe­cially North Amer­ica and Europe as they are evolv­ing to be­come global brands,” Zhang said.

GAC Mo­tor, based in Guangzhou, the cap­i­tal city of Guang­dong prov­ince, was es­tab­lished in 2008 and has be­come a fast-grow­ing car­maker, which has seen rapid in­creases in rev­enue.

The com­pany said it had sold more than 256,000 ve­hi­cles dur­ing the first nine months of the year, a mas­sive 138 per­cent yearon-year in­crease.

“We will pri­or­i­tize new tech­nolo­gies, for ex­am­ple, un­manned driv­ing and newen­ergy ve­hi­cles, at the North Amer­i­can R&D cen­ter,” Zhang said.

Zhang was speak­ing af­ter GAC Mo­tor launched sales of

un­loads parcels from a ZTO Ex­press de­liv­ery ve­hi­cle in

We will pri­or­i­tize Bei­jing. new tech­nolo­gies, for ex­am­ple, un­manned driv­ing ...”

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.