On May 8, Guangxi Automobile Group Co., Ltd. was formally inaugurated. Guangxi Automobile Group invested in the net assets of Wuling Group for the State-owned Assets Supervision and Administration Commission of Guangxi Autonomous Region, and introduced a number of enterprises such as Liuzhou Investment and Investment Co., Ltd., Guilin SDIC, Yuchai Group and Nannan Aluminum as shareholding shareholders through capital increase and share expansion. A large-scale mixed-ownership enterprise directly under the autonomous region.
The establishment of Guangxi Automobile Group is conducive to the integration and optimization of the advantageous resources of the upstream and downstream industrial chain of Guangxi Automobile and the comprehensive competitiveness of the industry and enterprises. Guangxi Automobile Group plans to achieve an annual production and sales of 3 million sets of parts and components, 400,000 engines and 100,000 complete vehicles, with an operating income of 30 billion yuan.

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