Recently, Fick Group and GAC Group officially signed a memorandum of strategic cooperation in Chengdu, the two sides intend to further strengthen cooperation in China on the existing basis and their respective advantages, and in-depth exploration of new cooperation opportunities.
According to the memorandum, the two sides will actively explore the use of their advantageous resources for strategic cooperation, while through a series of measures to jointly optimize GAC Fick business, strengthen the Jeep brand advantages, including accelerating the introduction of new products and electric vehicle products.
GAC Group is the world’s leading automobile manufacturer, GAC Group is China’s largest automobile manufacturer, the two sides in 2010 with a 50:50 share ratio of joint investment in the establishment of GAC Fick. Headquartered in Changsha, Hunan Province, GAC Fick currently employs nearly 5,000 people and has two vehicle plants, an advanced research and development center and a sales subsidiary.
The year 2020 is GAC Fick’s 10th anniversary and the two companies have developed and produced more than 700,000 vehicles locally. Currently, GAC Fick mainly produces four Jeep models, including the Jeep Hybrid, the first electric model in Jeep’s history. Over the past two years, Jeep has been among the top mass-market brands in the J.D. Power China Automotive Reliability Survey, further highlighting the high quality of GAC Fick’s local manufacturing.