On September 17, Cui Dongshu of the China Passenger Car Association highlighted in an article that GAC Group had recently issued a significant asset restructuring announcement. The plan entails acquiring a portion of the equity in a vehicle joint venture company under FAW Group, aimed at streamlining resource integration within its joint venture operations. Simultaneously, Buick celebrated the production of its 150,000th new energy vehicle, reaching mass production status just 16 months after the brand's new energy vehicle line was introduced. With an average transaction price of RMB 257,000, Buick has showcased concurrent growth in both sales volume and value. These two developments signal that domestic joint venture automakers have progressed beyond the initial stage of merely introducing products and are now fully immersed in a period of profound transformation, encompassing systemic restructuring. The achievement of producing 150,000 units underscores that the success of joint venture new energy vehicles hinges on capabilities rather than mere brand identity.
