Guangzhou Automobile Group Co., Ltd. (GAC Group) reported mixed operating metrics for March 2026, with solid monthly growth offset by a year-to-date production decline.

March Highlights • Vehicle production reached 193,770 units, a 2.60% year-on-year increase. • Vehicle sales totaled 176,855 units, up 1.68% from the prior-year period.

Year-to-Date Performance (January–March 2026) • Cumulative production fell 3.99% to 394,785 units. • Cumulative sales edged up 2.38% to 379,929 units.

Product Mix Dynamics • New-energy vehicles (NEV) remained the primary growth driver: March NEV sales surged 72.58% to 57,577 units, lifting YTD volume 61.17% to 100,640 units. • Energy-efficient (hybrid) vehicles recorded modest gains, with March sales up 6.47% to 43,054 units and YTD sales up 11.09% to 113,273 units. • Within passenger vehicles, SUVs outperformed with March sales up 18.50% to 114,015 units, while sedans and MPVs declined 20.00% and 17.49%, respectively.

Subsidiary Snapshot • GAC Toyota: March production grew 13.56% to 80,476 units; sales were broadly flat at 68,800 units, pushing YTD sales up 6.99%. • GAC AION (NEV arm): March production and sales jumped 23.36% and 65.21%, respectively, supporting double-digit YTD gains in both metrics. • GAC Honda continued to see pressure, with March sales down 45.16% and YTD sales down 56.80%. • GAC Motor (Trumpchi) recorded a 25.28% sales increase in March, offsetting an 18.32% production decline. • GAC New Energy Commercial Vehicle remained small in scale but delivered March production growth of 78.60%.

Unaudited Data All figures are unaudited and sourced directly from the company’s production and sales report dated 2 April 2026.