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Guangzhou Automobile Group deepens the development of new energy commercial vehicles and completes tClick 02024-09-04 -
Recently, GAC Hino completed the registration of equity adjustment and change. After the completion of this equity adjustment, GAC Group holds 89.72% of the equity of GAC Hino, becoming the largest shareholder of GAC Hino. Hino Auto Co., Ltd. (hereinafter referred to as "Hino Auto") and Guangzhou Hydrogen Cloud New Energy Technology Investment Partnership (Limited Partnership) (hereinafter referred to as "Employee Shareholding Platform") respectively hold 4.83% and 5.45% equity.
On January 24th of this year, GAC Group announced that it had approved the "Proposal on the Equity Adjustment of GAC Hino". According to the proposal, this equity adjustment significantly increases GAC Group's controlling stake in GAC Hino, adding new impetus to the transformation and development of commercial vehicles, and accelerating the transformation of new energy commercial vehicles.
The three shareholders (GAC Group, Hino Motors, and Employee Stock Ownership Platform) jointly increased their capital by nearly 700 million yuan, with the funds mainly used for new energy technology research and development, product line expansion, and market promotion. Guangqi Hino will increase investment in core areas such as new energy three electric (battery, motor, electronic control) technology, hydrogen fuel cell technology, and autonomous driving technology, and leverage Guangqi Group's deep accumulation in the field of new energy vehicles to continue promoting technological innovation and breakthroughs.
With the support of funds, GAC Hino will accelerate its product transformation. On the one hand, GAC Hino will accelerate the research and production progress of new energy commercial vehicles, and launch more new energy vehicle models that meet market demand; On the other hand, GAC Hino will actively expand its product line to cover more segmented market areas. By continuously enriching its product line and improving its product layout, GAC Hino will further enhance its market competitiveness, meet the diverse needs of more customers, and gradually establish its core advantages in the field of new energy commercial vehicles.
The implementation of employee stock ownership in the equity adjustment of GAC Hino is another innovative measure taken by GAC Group to vigorously promote mixed ownership reform. In recent years, GAC Group has continued to promote reform and innovation, and has successfully completed the three-year action plan for state-owned enterprise reform. Among them, by promoting contract management based on tenure, professional manager reform, and the reform of the three systems, the enthusiasm of personnel and the vitality of the enterprise have been effectively enhanced. Employees' active shareholding and capital increase not only reflect their loyalty and job satisfaction, but also attract and retain outstanding talents, promote commercial vehicle technology innovation and business expansion, promote corporate governance and high-quality development of the company.
As a representative of GAC Group's commercial vehicles, the equity adjustment of GAC Hino will help GAC Commercial Vehicles open up new prospects. In addition, since 2024, GAC Hino has quickly completed important measures for the admission of new energy truck production enterprises. Since then, it has frequently obtained product announcements for various new energy products such as BEV, FCEV 4 * 2 box type vehicles, dump trucks, and 6 * 4 tractor vehicles. The work deployment related to new energy commercial vehicles continues to deepen and advance.
We believe that the series of measures taken by GAC Hino will help promote the healthy development of new energy vehicles and the entire energy ecosystem of GAC Group, and contribute to the achievement of the trillion yuan GAC target.
