Guangzhou Automobile Group Co Ltd 2023 AR2
The report outlines GAC Group's business and sustainability performance for the fiscal year 2023. The group achieved record highs in vehicle production and sales, exceeding 2.5 million units, with new energy vehicles contributing nearly 22% of total sales. GAC Group advanced its technological innovation, investing RMB 8.22 billion in R&D and launching the world's first self-developed ammonia engine for passenger vehicles. In terms of social responsibility, the company actively supported rural revitalisation and poverty alleviation projects, donating RMB 10.30 million to Dongshi Town. Additionally, the group continued to implement its 'GLASS Plan' to target full life-cycle carbon neutrality by 2050.
Company: Guangzhou Automobile Group Co Ltd
Sector: Consumer Discretionary
Country: China
Year: 2023
Type: AR2
Pages: 370
Guangzhou Automobile Group Co Ltd
Annual Report
The report outlines GAC Group's business and sustainability performance for the fiscal year 2023. The group achieved record highs in vehicle production and sales, exceeding 2.5 million units, with new energy vehicles contributing nearly 22% of total sales. GAC Group advanced its technological innovation, investing RMB 8.22 billion in R&D and launching the world's first self-developed ammonia engine for passenger vehicles. In terms of social responsibility, the company actively supported rural revitalisation and poverty alleviation projects, donating RMB 10.30 million to Dongshi Town. Additionally, the group continued to implement its 'GLASS Plan' to target full life-cycle carbon neutrality by 2050.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Net Zero Target
Employees