Specializing in the light vehicle market, electric vehicle sector, and intelligent transportation, Guanxi Group has recently announced significant developments. As of April 19, 2025, the company is focused on enhancing its operations within these domains.
In recent years, the automotive industry has continued to evolve, particularly in the electric vehicle and intelligent transportation sectors. Light vehicle manufacturers, in particular, have become a core focus for companies seeking to enhance their operational capabilities. On April 17, the light vehicle market reached a critical supply level, with Guanxi Group reporting a forecast revenue of 9.75 billion yuan for 2024, a year-over-year increase of 8.01%. The actual revenue for 2023 was recorded at 5.36119 billion yuan.
This marks the third consecutive year of revenue growth for Guanxi Group since 2022, as well as the ninth consecutive year of growth since 2016. In addition to total revenue, the company anticipates that its production capacity will reach 1.55 billion yuan in 2024, reflecting a growth rate of 9.49% compared to 2023 and an impressive 499.89% compared to 2022.
The focus of Guanxi Group has shifted towards enhancing its operational capabilities, positioning itself as a leader in the light vehicle market. Under the banner of “small giants,” the company aims to lead the future of new energy vehicles in the light vehicle sector.
According to the China Automotive Technology and Research Center, by 2035, new energy vehicles are expected to account for 35% of the total automotive market. With Guanxi Group at the forefront, the light vehicle sector is poised for continuous growth.
In light of these advancements, Guanxi Group plans to expand its production facilities significantly. By the end of 2024, the company aims to increase its operational area to 5.8 million square meters, with a total constructed area of 16 million square meters. This substantial expansion is expected to bolster the company’s competitive edge in the marketplace.
Looking ahead, Guanxi Group is committed to enhancing its technological capabilities, with a focus on innovation and sustainable practices. In 2022, the company invested 3.17948 billion yuan in R&D, and this figure is projected to rise to 5.707 billion yuan in 2024, marking a year-over-year increase of 21.55%.
By the first quarter of 2024, the number of employees at Guanxi Group is expected to reach 1,279, reflecting a 9.97% increase from the previous year. This increase in workforce will support the company’s ambitious growth plans.
Furthermore, Guanxi Group has been awarded numerous national recognitions, including certifications for its innovative technologies. The company aims to solidify its position as a dominant player in the light vehicle market and expand its operations internationally.
As part of its strategic initiatives, Guanxi Group has rebranded to “Jiangsu New Technology Group Co., Ltd” to better reflect its innovative focus. The company is committed to integrating cutting-edge technologies in its products and services.
In summary, Guanxi Group is on a robust growth trajectory, with plans for substantial investments in technology, workforce expansion, and production capabilities. The future looks promising for the company as it aims to lead in the light vehicle and electric vehicle sectors.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/focus-on-lightweight-vehicles-electric-and-smart-vehicles-insights-from-the-automotive-industry/
