7 stories mentioning HKG:2238Updated 11d ago
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Guangzhou Automobile Group (SHA:601238, HKG:2238) or GAC logged vehicle sales of 112,934 units in July, down 5.5% from 119,482 units a year ago, according to a Wednesday filing with the Shanghai bourse.Production for the month declined 20% year over year to 103,284 units from 128,490 units.For the first seven months of 2026, sales rose 1.3% to 886,019 vehicles and production contracted 3.2% to 900,062 units.
Guangzhou Automobile Group or GAC (HKG:2238, SHA:601238) expects an attributable loss of between 4.06 billion yuan and 4.57 billion yuan for the first half of 2026, wider than 2.54 billion yuan a year prior.The automaker attributed the forecast to a wider loss from self-developed brands, lower investment income, and foreign exchange losses, according to a Friday Hong Kong bourse filing.
Chinese retail sales of passenger cars slid 23.2% to 1.6 million units in June, the China Passenger Car Association said in a Wednesday press release.New energy vehicle sales fell 9% during the month, with domestic brands slipping 11%, mainstream joint venture-made NEVs plunging 45%, and luxury brands declining 11%.Retail sales of gas-powered vehicles plunged 39% year over year, with pure gasoline vehicle sales falling 42% and conventional hybrids slipping 7%.Vehicle exports surged 82% to 877,000 units in June, with 56.9% of the figure coming from NEVs.Production fell 2.7% year over year to 2.3 million units.China's biggest local automakers include Dongfeng Motor Group (HKG:0489), SAIC Motor (SHA:600104), Chongqing Changan Automobile (SHE:000625), BAIC Motor (HKG:1958), Guangzhou Automobile Group (SHA:601238, HKG:2238), Great Wall Motors (SHA:601633, HKG:2333), Chery Automobile (HKG:9973), and FAW Group (SHE:000800).Top new-energy vehicle manufacturers include BYD (SHE:002594, HKG:1211), Li Auto (HKG:2015), XPeng (HKG:9868) and NIO (HKG:9866, SGX:NIO).
Guangzhou Automobile Group or GAC's (HKG:2238, SHA:601238) total sales declined 3.5% to 144,866 units in June from 150,075 units a year ago, according to a filing with the Hong Kong bourse.Production for the month slipped 5.1% to 145,406 units from 153,270 units in the prior year.For the six months of 2026, sales climbed 2.4% year over year to 773,085 vehicles, while output slipped 0.6% to 796,778 units.
Guangzhou Automobile Group or GAC's (HKG:2238, SHA:601238) total sales jumped 8.2% to 127,330 units in May from 117,698 units a year ago, according to a Wednesday filing with the Hong Kong bourse.Production for the month slipped 4.6% to 122,675 units from 128,570 units in the prior year.For the first five months of 2026, sales and output climbed 3.8% and 0.5% year over year to 628,219 vehicles and 651,372 units, respectively.
Guangzhou Automobile Group or GAC's (HKG:2238, SHA:601238) total sales jumped 3.9% to 120,960 units in April from 116,440 units a year ago, according to a Wednesday filing with the Hong Kong bourse.Production for the month increased 23% to 133,912 units from 108,620 units in the prior year.For the first four months of 2026, sales and output climbed 2.7% and 1.7% year over year to 500,889 vehicles and 528,697 units, respectively.
Guangzhou Automobile Group or GAC's (SHA:601238) attributable loss narrowed 10% to 656.3 million yuan in the first quarter from 731.6 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.The automobile manufacturer logged a loss per share of 0.06 yuan, narrower than the 0.07 yuan recorded in the prior-year period.Operating revenue grew 2% year over year to 20 billion yuan from 19.6 billion yuan.
