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  3. China's FAW may become GAC's second-largest shareholder, possibly restructuring the Toyota China model

DIGITIMES

China's FAW may become GAC's second-largest shareholder, possibly restructuring the Toyota China model

Consolidation chatter within China's automotive industry has reignited following an announcement by Guangzhou Automobile Group (GAC Group). Late on September 14, GAC disclosed that it had entered into a non-binding intent agreement with China First Automobile Group (FAW). Under the proposed transaction, GAC intends to acquire a partial stake in an undisclosed vehicle joint venture held by FAW via the issuance of new GAC shares. Upon completion of t

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By DIGITIMES

17 September 2026|1 min read
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Semiconductors & Microelectronics
China's FAW may become GAC's second-largest shareholder, possibly restructuring the Toyota China model
China's FAW may become GAC's second-largest shareholder, possibly restructuring the Toyota China model
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