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netcom news on august 30, gac group released its 2024 semi-annual report. in the first half of the year, gac group achieved production and sales of 860,000 vehicles, with a total operating income of approximately rmb 181.142 billion, a total profit of approximately rmb 4.565 billion, and a total profit and tax of approximately rmb 15.266 billion. the total gross profit of the consolidated statement increased by 5.5% year-on-year, and the gross profit margin increased by 1.38 percentage points compared with the same period last year.

in order to reward investors, gac group plans to distribute an interim dividend of 0.3 yuan (including tax) per 10 shares to all shareholders, with a total dividend of approximately 310 million yuan. currently, gac group is continuing to promote the a+h share repurchase plan, and the cumulative repurchase amount has exceeded 300 million yuan by the end of august.

in the first half of the year, gac group achieved wholesale sales of 863,000 vehicles and terminal sales of 938,000 vehicles. among them, there are 24 new energy vehicles and energy-saving vehicles on sale, accounting for 48% of the models, and the sales ratio has increased to 40.63%. during the reporting period, gac group exported 68,000 vehicles, an increase of about 190% year-on-year. in the first half of the year, 26 new markets were expanded, covering 68 countries and regions in total, and the number of global sales outlets has reached 323. the factories in malaysia and thailand have been completed and put into production, the seat parts project in thailand has been put into production, and the two logistics subsidiaries in thailand and mexico have also started operations.

(gac aion export vehicles shipped to thailand)

in the second half of the year, gac group will accelerate the development and mass production of six products overseas, challenging the annual sales target of over 150,000 vehicles. facing the rapid development of the new energy market, gac group will actively promote the comprehensive layout of ev, phev and rev for its own brand new energy models. 2025 will be the year of the explosion of gac group's own brand plug-in products.

(all-solid-state power battery with energy density exceeding 400wh/kg)

so far, gac group has invested more than 50 billion yuan in independent research and development, and has filed more than 19,000 patent applications, of which invention patents account for more than 42.1%. it is worth mentioning that gac group's self-developed all-solid-state power battery has achieved key technological breakthroughs, with an energy density of more than 400wh/kg, and will be mass-produced in 2026.

(gac becomes the first automaker in china to be approved to carry out l3 autonomous driving road trials)

(robotaxi is put into commercial operation in many cities)

in terms of intelligence, gac group has mastered the technology research and development and application capabilities from l2 to l4. among them, the domestically leading l2++ urban intelligent driving function has been first launched on models such as haobo gt, haobo ht and the second-generation aion v. it plans to launch urban nda nationwide this year, which means that gac group has the ability to mass-produce urban intelligent driving functions. in addition, the image-free pure visual intelligent driving system is expected to be put into mass production in 2026.

(gac flying car gove)

(gac composite wing flying car)

at the same time, relying on the research and development and operation results of autonomous driving technology, robotaxi, robobus and flying cars, gac group plans to build inter-city three-dimensional travel models in 2-3 cities in the guangdong-hong kong-macao greater bay area by 2027. it will also accelerate the construction of intelligent ecology in the fields of autonomous driving, artificial intelligence, data platforms, humanoid robots, etc., and strive to accelerate the implementation of the intelligent strategy.

(gac toyota releases the first end-to-end intelligent driving pure electric vehicle, the bozhi 3x)

in the second half of the year, gac honda plans to put into production a new energy vehicle production line with an annual production capacity of 120,000 units at the end of the year. it will also unveil the ye p product series and the new w pure electric architecture at the guangzhou auto show. by 2027, it will launch 6 new pure electric models. gac toyota will launch the bozhi 3x, which is positioned in the a+ class smart pure electric suv market, equipped with an end-to-end high-level intelligent driving system jointly developed with momenta.

(gac trumpchi e8 launches new model series trumpchi e8+ and trumpchi e8 glory series)

in addition to the second-generation aion v, gac aion will also release a pure electric mid-size sedan in the second half of the year. nda high-end intelligent driving will expand to more cities, scenarios and functions. gac trumpchi will launch the star model e8+ series; the flagship model e9 will join the huawei supercharger alliance and launch a supercharger version within the year; continue to promote the "trumpchi huawei joint innovation plan", and three cooperative models will be launched next year.

(photo/text by zhang xiaoyi)