The Aion V is 1 of the cars GAC is launching successful Europe arsenic it looks to grow its beingness successful the region. The Aion V is connected show astatine the company's basal astatine the IAA Mobility car amusement successful Munich, Germany connected September 9, 2025.
Arjun Kharpal | CNBC
Guangzhou Automobile Group (GAC) aims to summation its European electrical car income 17-fold implicit the adjacent 2 years, becoming the latest Chinese subordinate to instrumentality connected the region's accepted automakers done assertive expansion.
The entranceway of the Chinese state-owned carmaker volition exacerbate contention successful the already aggravated European marketplace that has precocious seen involvement from players from the world's 2nd largest economy, from BYD to Xpeng.
GAC's beingness volition apt further adhd unit connected European giants — specified arsenic BMW and Mercedes — that person looked to fend disconnected Chinese entrants with their ain electrical vehicles.
"Europe is 1 of our 5 large markets. It is simply a strategical market. We anticipation Europe volition relationship for a large information of our overseas marketplace successful the future," Wei Haigang, president of GAC International, told CNBC successful an interrogation astatine the IAA Mobility car amusement successful Munich connected Monday.
Wei said GAC hopes to merchantability astir 3,000 cars successful Europe this year, earlier boosting this people to 15,000 successful 2026 and astatine slightest 50,000 units by 2027.
GAC showed disconnected its Aion V and Aion UT afloat electrical cars astatine the IAA amusement this week. Wei said the institution is besides looking to motorboat a plug-in hybrid car successful Europe successful the future.
The targets are aggressive, but travel arsenic Chinese companies proceed to marque inroads into Europe's electrical conveyance market. The marketplace stock of Chinese car brands successful the archetypal fractional of the twelvemonth successful Europe astir doubled from the aforesaid play past year, according to Jato Dynamics. While the marketplace stock remains tiny astatine conscionable implicit 5%, it has notched accelerated growth.
GAC is mounting sights connected enlargement adjacent contempt the European Union's tariffs connected China-made EVs, with the institution saying it is looking astatine section manufacturing successful Europe.
"We are hoping the Chinese authorities and the European Union tin negociate further to bring the tariffs down," Wei said. "In the future, we anticipation to accelerate the manufacturing localization. So that, successful the future, we [can] physique up manufacturing capableness successful Europe for Europe, to amended service the European markets."
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