On June 22nd, it was reported that the employee stock ownership plan of new energy vehicle brand GAC Aion has sparked controversy recently, and even rumors of a "thunderbolt" have been spread. On June 16th, GAC Aion issued a public statement in response, stating that the relevant information was untrue and purely malicious rumors. On June 20th, Feng Xingya, Chairman and General Manager of GAC Group, the parent company of GAC Aion, personally responded to recent hot topics. Feng Xingya first provided a detailed introduction to the specific situation of the Guangzhou Automobile Aion hybrid reform and employee stock ownership plan, clearly stating that both Guangzhou Automobile Group and Guangzhou Automobile Aion have nothing to do with the "Evergrande of the automotive industry" and the "explosion".
Feng Xingya said, "GAC Group is one of the best financially structured companies in China's automotive industry, with a debt to asset ratio of only 47.6% in 2024. Over the years, we have maintained steady development, and even GAC Aion is seeking capital operations to unleash organizational vitality, rather than relying on the capital market to solve development funding problems. It can be said with certainty that both GAC Group and GAC Aion have nothing to do with the 'Evergrande in the automotive industry' 'explosion'." Regarding the future development of GAC Aion, Feng Xingya said that GAC will continue to inject high-quality resources into GAC Aion. Next, Aion plans to create a new category for taxis (B-end) separately, with Aion focusing on... On the C-end, Haobo is positioned as a high-end brand for new energy vehicles.
