What is the relationship between GAC Trumpchi and GAC Toyota?
1 Answers
GAC Trumpchi and GAC Toyota both belong to the GAC Group. However, GAC Trumpchi and GAC Toyota are not the same manufacturer. GAC Toyota is a joint venture between GAC Group and Japan's Toyota, while GAC Trumpchi is a self-developed brand by GAC Group. GAC Trumpchi (abbreviated as Trumpchi) was established in December 2010 as a domestic brand created by GAC Group to enhance its core competitiveness and achieve sustainable development, targeting the mid-to-high-end market. In December 2010, the first model, the Trumpchi GA5 sedan, was successfully launched, followed by the introduction of multiple other models. GAC Toyota Motor Co., Ltd. (GACTOYOTA) was established on September 1, 2004, as a 50-50 joint venture between GAC Group Co., Ltd. and Japan's Toyota Motor Corporation, with a cooperation period of 30 years. The company is located in Nansha District, Guangzhou, the geometric center of China's dynamic Pearl River Delta, covering an area of 1.87 million square meters with a building area of 400,000 square meters and an initial production capacity of 200,000 vehicles per year.