Guangzhou Automobile Group (GAC) and WTC Automotif (WTCA), a wholly-owned subsidiary of Warisan TC Holdings (a Tan Chong Group company) today announced a CKD local assembly programme worth over RM60 million. This is GAC’s first CKD programme not just in ASEAN, but in the world.The GAC CKD project will see WTCA invest over RM60 million, which will go to the manufacturing of “the brand new GAC Motor GS3 model” and setting up a nationwide presence for the brand.
Part of the total sum will be used for model-specific investments such as tools and upgrades toAccording to Warisan TC CEO Tan Keng Meng, CKD production is scheduled to begin in April 2024, with sales starting in mid-2024. This is GAC’s first ever CKD project in the world.The Guangzhou-based brand is bullish on our market, with GAC Group VP and GAC International chairman Yu Jun saying that “we will be expecting that with three to five years development, the production and sales will reach 50,000 units