At this year's China Merchants Promotion Conference, Zeng Qinghong, general manager of Guangzhou Automobile Group, disclosed that GAC will cooperate with BYD and form a joint venture with New Energy Bus Company. The project will be launched in Guangzhou and will mainly develop electric buses.

“Guangdong and Guangzhou have plans to promote new energy buses. By 2015, Guangdong will invest 55,000 vehicles and Guangzhou will invest 10,000 next year.” Zeng Qinghong said that GAC and BYD's strong alliance is mainly based on the market in Guangdong. It plans to invest 10,000 new energy buses in Guangzhou and 30,000 in Shenzhen.

According to reports, the new energy buses jointly developed by GAC and BYD will be put on the market by the end of this year. At present, GAC and BYD are negotiating with the Guangzhou Power Supply Department to actively solve the problem of the charging system. “After the charging problem is solved, we will continue to promote taxis.” The project profile shows that GAC BYD New Energy Bus Construction Project will be selected to increase the city, with a total investment of 3 billion yuan.