Guangzhou Auto raising around $2.2 billion in green car, proprietary brand push

Guangzhou Auto Show

China’s sixth-largest automaker by sales, Guangzhou Automobile Group (GAC Group), prepares to sell up to 15 billion yuan ($2.2 billion) worth of shares to fund advancement of its green vehicle service, exclusive brands and factories, the company stated on Monday. Chinese car manufacturers have invested billions in establishing electrical and petrol-electric hybrid automobiles at the […]