GAC Group projects substantial half-year loss amid market headwinds

Guangzhou Automobile Group forecasts a net loss of 1.82-2.6 billion yuan for the first half of 2025, contrasting with a 1.52 billion yuan profit in the same period last year.

The projected loss stems from new energy vehicle sales missing targets due to slow ramp-up and intense price competition affecting core models, plus structural mismatches in sales channels and weaknesses in overseas infrastructure.

The company plans to introduce new models and enhance marketing efforts to improve performance in the second half.