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Equity Bottom-Up

Guangzhou Automobile Group / Equity Bottom-Up

<ul><li>Guangzhou Automobile Group Co. Ltd. (GAC) (<a href="https://www.caixinglobal.com/2023-02-21/601238.SH" target="_blank" rel="noopener">601238.SH</a> -0.51%) is working to get more domestically produced microchips into its vehicles.</li><li>It relies on overseas suppliers for about 90% of its automotive chips.</li><li>GAC Capital Co. Ltd. sees plenty of opportunity to increase the share of domestic chips in the automaker’s cars.</li></ul>

Guangzhou Automobile Group Co. Ltd. (GAC) (601238.SH -0.51%) is working to get more domestically produced microchips into its vehicles.It relies on overseas suppliers for about 90% of its automotive chips.GAC Capital Co. Ltd. sees plenty of opportunity to increase the share of domestic chips in the automaker’s cars.

Automaker GAC Seeks China-Made Chips to Ease Dependence on Foreign Suppliers