The Aion V is among the automobiles GAC is launching in Europe because it appears to broaden its presence within the area. The Aion V is on show on the firm’s stand on the IAA Mobility auto present in Munich, Germany on September 9, 2025.
Arjun Kharpal | CNBC
Guangzhou Vehicle Group (GAC) goals to extend its European electrical automobile gross sales 17-fold over the following two years, changing into the most recent Chinese language participant to tackle the area’s conventional automakers by way of aggressive enlargement.
The doorway of the Chinese language state-owned carmaker will exacerbate competitors within the already intense European market that has lately seen curiosity from gamers from the world’s second largest economic system, from BYD to Xpeng.
GAC’s presence will doubtless additional add strain on European giants — comparable to BMW and Mercedes — which have appeared to fend off Chinese language entrants with their very own electrical automobiles.
“Europe is considered one of our 5 main markets. It’s a strategic market. We hope Europe will account for a significant portion of our abroad market sooner or later,” Wei Haigang, president of GAC Worldwide, instructed CNBC in an interview on the IAA Mobility auto present in Munich on Monday.
Wei stated GAC hopes to promote round 3,000 automobiles in Europe this yr, earlier than boosting this goal to fifteen,000 in 2026 and not less than 50,000 models by 2027.
GAC confirmed off its Aion V and Aion UT totally electrical automobiles on the IAA present this week. Wei stated the corporate can also be seeking to launch a plug-in hybrid automobile in Europe sooner or later.
The targets are aggressive, however come as Chinese language firms proceed to make inroads into Europe’s electrical automobile market. The market share of Chinese language automobile manufacturers within the first half of the yr in Europe nearly doubled from the identical interval final yr, in accordance with Jato Dynamics. Whereas the market share stays small at simply over 5%, it has notched fast progress.
GAC is setting sights on enlargement even regardless of the European Union’s tariffs on China-made EVs, with the corporate saying it’s native manufacturing in Europe.
“We hope the Chinese language authorities and the European Union can negotiate additional to convey the tariffs down,” Wei stated. “Sooner or later, we hope to speed up the manufacturing localization. In order that, sooner or later, we [can] construct up manufacturing functionality in Europe for Europe, to higher serve the European markets.”
