GAC Aion plans to invest no more than 30% equity in Huawang Automobile

On August 11th, it was reported that GAC Aion plans to invest in Huawang Automobile, with a shareholding ratio of no more than 30%. On March 18th, Huawang Automotive Technology (Guangzhou) Co., Ltd., a new company established with an investment of 1.5 billion yuan from Guangzhou Automobile Group, was officially established to create an independent high-end automotive new brand. According to GAC Group, Huawang Automobile, as an important carrier of strategic cooperation between GAC Group and Huawei, aims to create innovative products targeting the high-end market of 300000 yuan. At present, the company is steadily advancing team building and product development work, and the first model is expected to be launched in 2026.