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FAW is reportedly in talks to acquire stake in GAC

KATHMANDU: China’s state-owned automaker First Automotive Works (FAW) Group is reportedly planning to acquire a stake in Guangzhou Automobile Group (GAC). GAC suspended trading of its shares in Hong Kong and Shanghai on Monday. The company said the suspension was…
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GAC set to enter Japanese EV market in 2026

KATHMANDU: China’s Guangzhou Automobile Group (GAC) will enter the Japanese EV market in summer 2026. The company will launch two Aion models: the compact Aion UT hatchback and the Aion V SUV, according to Nikkei. Early sales in Japan will…