Is GAC Chuanqi a state-owned enterprise?

Guangzhou Automobile Chuanqi is a state-owned enterprise.

According to China Auto Network, Guangzhou Automobile Chuanqi is a state-owned enterprise and a wholly-owned subsidiary of Guangzhou Automobile Group Co., Ltd. Guangzhou Automobile Chuanqi is the first independent model of Guangzhou Automobile Group, aiming at the middle and high-end market. Its products include Chuanqi GA3, Chuanqi GS4, Chuanqi GA5, Chuanqi GA6 and Chuanqi GA8. Guangzhou Automobile Chuanqi established factories in Guangzhou, Hangzhou, Xinjiang and Yichang respectively, forming an overall development pattern covering the Pearl River Delta, Yangtze River Delta, Yangtze River Economic Belt and Belt and Road Economic Belt. GAC Chuanqi also actively participated in public welfare undertakings, and carried out rich public welfare activities in the fields of low-carbon environmental protection, cultural and sports education, safe travel and charity. Guangzhou Automobile Chuanqi ranked first in China brand for five consecutive years in the 20 17 China new car quality research report. Guangzhou Automobile Chuanqi also launched a number of new energy vehicles, such as Chuanqi GA5 PHEV, Chuanqi GA3PHEV, Chuanqi GS4 PHEV and Chuanqi GE3. Guangzhou Automobile Chuanqi is a state-owned enterprise with international vision and innovative ability, which has made important contributions to the development of China automobile industry.