EconomyGAC shares jump on FAW tie-up plans amid Beijing push for car mergers

Guangzhou Automobile Group shares rose after the automaker announced plans to integrate resources with FAW Group. GAC said it would issue shares to acquire part of FAW’s stake in a joint-venture vehicle manufacturer and raise supporting funds, following a trading halt. Once completed, the unlisted FAW would become GAC’s second-largest shareholder.

GACFAWauto industry consolidation

SSouth China Morning Post★★☆☆☆2026-09-15 05:00Original