GAC Group｜GAC Group Deepens Development of New Energy Commercial Vehicles, Completes Equity Adjustment for GAC Hino

GAC Hino has completed its capital adjustment, with GAC Group now holding 89.72% of the shares, becoming the largest shareholder. Hino Motors and the employee stock ownership platform also hold shares. This adjustment aims to accelerate the development of new energy technologies and promote innovation and business expansion in commercial vehicles. The introduction of the employee stock ownership system further enhances employee loyalty and job satisfaction, contributing to corporate growth.

Source: GAC Group (September 10, 2024)
WeChat