Guangzhou-based automaker GAC Group reported markedly weaker overall volumes for September 2026, while its new-energy vehicle (NEV) segment continued to expand at a rapid clip.

For September, group vehicle production declined 24.01 % year on year to 136,150 units, and sales fell 25.72 % to 128,634 units. Cumulative nine-month production slipped 6.03 % to 1.16 million units, with sales down 3.58 % to 1.14 million units.

Segment highlights • NEVs: September output jumped 51.54 % to 63,374 units; year-to-date (YTD) production rose 51.30 % to 442,994 units. NEV sales advanced 50.90 % in September and 61.13 % YTD to 432,390 units, underscoring the company’s accelerating electrification push. • Energy-efficient vehicles (hybrid and low-emission models): Production fell 26.54 % in September and 1.95 % YTD, reflecting softer hybrid demand. • Passenger-car mix: YTD SUV production grew 6.46 % to 731,296 units, helping offset a 24.88 % slump in sedan output and a 16.34 % decline in MPV builds.

Performance by major subsidiaries • GAC Honda recorded the steepest retreat, with September production and sales plunging 71.44 % and 86.02 %, respectively; YTD sales fell 56.82 % to 96,672 units. • GAC Toyota remained relatively resilient, limiting YTD production and sales declines to 4.66 % and 6.11 %, respectively. • GAC Motor (Trumpchi) posted marginal YTD production contraction of 0.76 %, while sales edged up 3.47 % to 241,174 units. • GAC AION, the group’s pure-electric arm, led growth with September production up 46.03 % and YTD output soaring 45.86 % to 288,200 units; YTD sales climbed 56.41 % to 283,747 units. • New entrant Qijing Intelligent Automobile delivered 7,377 units YTD, reflecting its initial ramp-up phase, whereas GAC New Energy Commercial Vehicle nearly doubled YTD production to 5,165 units.

Motorcycle operations Wuyang-Honda Motors lifted September production 46.26 % to 76,285 units and expanded YTD output 27.76 % to 594,601 units, highlighting strength in two-wheelers despite the passenger-car slowdown.

Takeaway GAC Group’s September downturn in conventional vehicle volumes weighed on total output and sales, but robust NEV growth—driven primarily by GAC AION—continued to gain momentum. The divergent performance among joint-venture brands underscores the group’s transition challenges amid China’s fast-evolving automotive landscape.