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it house reported on september 29 that under the multiple pressures of declining sales of joint venture brands and intensifying competition from independent brands, gac group is actively promoting self-reform.

according to china business news, gac group is formulating a deepening reform plan. the specific content of the plan is still being refined, and it is planned to be implemented step by step in the near future to ensure a smooth transition. an insider at gac group revealed,gac group plans to transform the traditional strategic management and control model of separation of research, production and sales into an independent brand integrated operation model, headquarters personnel upgraded independent brand management to strengthen the operational control and coordination level of independent brands. during this process, some gac group headquarters personnel will move from the gac center to the gac research institute.

gac group responded by saying that gac group has formulated multiple reform plans, but the final plan to choose is still under discussion.

it home noted that in the first half of 2024, gac group achieved operating income of 45.808 billion yuan, a year-on-year decrease of 25.62%; net profit was 1.516 billion yuan, a year-on-year decrease of 48.88%. from january to august this year, gac group's cumulative sales were approximately 1.1524 million vehicles, a year-on-year decrease of 25.68%. at present,more than 60% of gac group’s car sales still come from its two joint venture brands, gac toyota and gac honda., while the sales volume of the two independent brands of gac aian and gac trumpchi accounted for only about 37.19%.