Citigroup released a research report stating that the GAC Group's target price for H shares was raised from HK$2.3 to HK$2.7, and the GAC Group A-share target price was raised from RMB 5.6 to RMB 5.9. The GAC Group announced that it will acquire 50% of FAW Toyota's shares held by the FAW Group by issuing new A shares at RMB 5.75 per share, and raise supporting capital through the simultaneous non-public offering of A-shares. The bank pointed out that cooperation between FAW and GAC's central and local state-owned enterprises can lead to broader industrial collaboration, including supply chain integration and R&D cost sharing, which is beneficial to GAC's own brand. Management believes that transactions can revitalize asset quality, improve the operating performance of listed companies, and enhance long-term sustainable shareholder returns, and encourage mergers and acquisitions and cross-regional integration to deal with homogeneous competition in response to deep industry transformation, rapid technological iteration, competitive landscape restructuring, and the “15th Five-Year Plan”.

Citigroup released a research report stating that the GAC Group's target price for H shares was raised from HK$2.3 to HK$2.7, and the GAC Group A-share target price was raised from RMB 5.6 to RMB 5.9. The GAC Group announced that it will acquire 50% of FAW Toyota's shares held by the FAW Group by issuing new A shares at RMB 5.75 per share, and raise supporting capital through the simultaneous non-public offering of A-shares. The bank pointed out that cooperation between FAW and GAC's central and local state-owned enterprises can lead to broader industrial collaboration, including supply chain integration and R&D cost sharing, which is beneficial to GAC's own brand. Management believes that transactions can revitalize asset quality, improve the operating performance of listed companies, and enhance long-term sustainable shareholder returns, and encourage mergers and acquisitions and cross-regional integration to deal with homogeneous competition in response to deep industry transformation, rapid technological iteration, competitive landscape restructuring, and the “15th Five-Year Plan”.