Posted 2024-04-20 00:00:00 +0000 UTC
On December 2, GAC group announced that it had received 100 million yuan of research and promotion support funds from Guangzhou Municipal Finance Bureau. At the same time, GAC passenger vehicle (Hangzhou) Co., Ltd. received a sales incentive of 100 million yuan allocated by the Finance Bureau of Hangzhou Economic and Technological Development Zone. According to the announcement, according to the accounting standards for Business Enterprises No. 16 - government subsidies, the above funds related to income are included in the current profit and loss, and the assets related are recognized as deferred income. It is reported that in terms of new energy, the latest data shows that the sales volume of new energy passenger vehicles of GAC group in the first 10 months was 37200, an increase of 129% year on year. Among them, the cumulative sales volume of GAC new energy is 26700, up 92% year on year. The following is the original announcement: announcement of Guangzhou Automobile Group Co., Ltd. on receiving the government subsidy. On November 29, 2019, Guangzhou Automobile Group Co., Ltd. received the 1
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