# GAC Group completes new energy intelligent factory in Guangzhou

GAC Group completed the first phase of its new energy intelligent and ecological factory in Guangzhou, China, with an investment of RMB 4.7 billion (US$680 million). The factory will start production in May 2019, aiming for an annual capacity of 400,000 vehicles.

- Type: New facility
- Announced: 2018-12-27
- Where: Guangzhou, China, China
- Value: $680.0M (4.70B CNY)
- Starts operating: May 2019
- Status: completed
- Capacity: 400,000 vehicles per year
- Products: electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [GAC Group](https://endata.com/companies/18928.md)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/into-the-future-gac-celebrates-milestones-of-its-new-energy-journey-and-kicks-off-venture-project-with-aisin-aw-703541002.html), 2018-12-27: "GAC Group's new energy intelligent and ecological factory for ("the Factory") for its first-phase project has been completed; Representing a RMB 4.7 billion (US$ 680 million), the Factory will start production in May 2019, aiming to achieve annual production capacity of 400,000 vehicles."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.