Automobiles
State-owned automaker struggled against rivals like BYD, Geely in EV arena
GAC’s Aion line of new energy vehicles was previously seen as a success, but sales have fallen. (Photo by Shizuka Tanabe)
GUANGZHOU — Guangzhou Automobile Group (GAC), a major Chinese state-owned automaker, is struggling with intense price competition in electric vehicles, finding itself at one point in 2025 losing 8,300 yuan ($1,225) per sale of its own-brand models.