Guangqi Hangzhou

GAC Gonow Automobile Co., Ltd. was established on December 9, [year], as a joint venture co-founded by Guangzhou Automobile Group Co., Ltd. and Zhejiang Gonow Holding Group Co., Ltd., with a share ratio of 51:49. It currently operates three major production bases in Taizhou, Hangzhou, and Dongying, one automobile research institute, two marketing companies, and seven parts manufacturing plants. It has over [number] employees, including more than 300 intermediate and senior engineering and management personnel. The company is a key enterprise supported by the People's Government of Zhejiang Province and is one of the first batch of "National Automobile Complete Vehicle Export Base Enterprises." It is a comprehensive automobile enterprise integrating complete vehicle production and parts manufacturing. GAC Gonow Taizhou Branch is located in Taizhou Central Industrial Park, Zhejiang, with superior geographical location, convenient transportation, abundant auto parts resources, and a strong commercial atmosphere, making it highly suitable for the development of automobile manufacturing enterprises. The first phase of the base covers an area of 268,000 square meters with an annual production capacity of 60,000 pickup trucks and SUVs, and 60,000 engines. GAC Gonow Hangzhou Manufacturing Base is situated in the Jiangdong Industrial Park of Xiaoshan Economic and Technological Development Zone, located in the southern wing of the Yangtze River Delta, close to the provincial capital Hangzhou, with significant regional advantages. The first phase of the project covers 485,000 square meters with an annual output of 250,000 micro vans. GAC Gonow Shandong Branch is located in the Dongcheng Economic Development Zone of Dongying City, Shandong, which is one of the first batch of economic development zones in the Yellow River Delta. It covers an area of 664,000 square meters with an annual production capacity of 150,000 pickup trucks, SUVs, and auto parts. Since its inception, Gonow Group has advocated the corporate spirit of "Immediate Action." Only 168 days after the company's establishment, the first Gonow vehicle rolled off the production line, and within less than 100 days, new vehicles were mass-delivered to the market, creating the "Gonow Speed" in vehicle manufacturing by Chinese private enterprises. In June [year], 161 Gonow pickup trucks were exported to the European market as the first batch of Chinese self-owned brand vehicles. On January 7, [year], a batch of Gonow pickup trucks was successfully exported to Africa, becoming the largest single export order of Chinese automobiles that year. Now, tens of thousands of Gonow vehicles are exported annually, going abroad and reaching the world. The annual export volume ranked second in the industry in [year]. In [year], the Gonow trademark was recognized as a "Famous Trademark." Gonow vehicles have successively passed European national certifications, South African SABS certification, GCC certification, and multiple international certifications including Italy's. On December 9, [year], GAC Gonow Automobile Co., Ltd. was officially established. As a model of innovative cooperation between state-owned enterprises and private enterprises, GAC Gonow will adhere to independent research and development, independent innovation, and independent development, and will integrate domestic and international technical resources to provide consumers with high-quality, energy-saving, and environmentally friendly vehicles, ultimately making the "GAC Gonow" brand one of China's most renowned self-owned brands.