For the first time in recent years, GAC Group has incurred a loss, witnessing a sharp decline in both revenue and profits in 2024. This downturn is primarily attributed to the waning sales of Japanese joint venture brands and the mounting pressure to transition towards new energy vehicles. The sales of its self-owned brand Aion, along with those of its joint venture brands Guangzhou Automobile Toyota and Honda, have all experienced a decline. In response, the new chairman, Feng Xingya, has unveiled the "Panyu Action" initiative, aimed at rejuvenating the self-owned brand and deepening the collaboration with Huawei. The strategic plan envisages achieving significant breakthroughs in intelligence and autonomous driving technology within three years, with an ambitious target of boosting sales by 15% to reach 2.3 million vehicles by 2025. Amidst these challenges, GAC's overseas market performance has shone brightly, marked by a notable surge in exports.