On December 17, the Baiyun District Government in Guangzhou and GAC Lingcheng convened a ceremony in Baiyun District to sign a strategic cooperation agreement. At the same event, Baiyun Financial Holdings Group and GAC Lingcheng also entered into an investment agreement.
This investment initiative is spearheaded by Baiyun Financial Holdings Group, a district-level state-owned enterprise, with additional participation from Baiyun Investment and Baiyun Construction Science. Together, they are set to make a strategic investment of 300 million yuan in GAC Lingcheng.
The two entities will work in tandem to foster ecological synergy within the new energy sector, with a shared goal of advancing the development of the new energy commercial vehicle industry.
Previously known as GAC Hino, GAC Lingcheng underwent a rebranding in April of this year. The company has announced plans to unveil its "all-domain pickup" concept car, the GAC PICKUP 01, at the 2025 Shanghai Auto Show, with an anticipated market introduction scheduled for 2027.