Gac group's feng xingya talks about the deep reasons behind the bold reforms in recent years, saying the industry elimination race has officially begun

IT Home reported on May 24 that Feng Xingya, Chairman of GAC Group, released a video yesterday discussing the underlying reasons behind GAC Group’s sweeping reforms over the past two years.

He stated,The automotive industry is currently undergoing profound changes amid the overlap of four periods.Challenges and opportunities coexist. The industry is undergoing a deeper-than-expected transformation, technology is iterating at high speed, internal management models are being reshaped, and the competitive landscape of the sector is being comprehensively restructured, with multiple changes intertwining and compounding.The industry shakeout has already begun.。

Feng Xingya said that, having clearly recognized the broader industry transformation trend and its urgency, GAC Group fully launched the “Panyu Action” at the end of 2024 to drive deep integrated reform across R&D, production, supply, and sales.

ITHome noted that Feng Xingya also spoke about GAC’s original intention in going global — not simply exporting products, but pursuing a truly systematic global expansion. GAC regards overseas markets as its primary growth curve.Aim to enter 120 countries and establish 2,000 outlets by the end of the 15th Five-Year Plan period.In 2026, our overseas sales target is set at 250,000 to 300,000 vehicles.