GAC Aion introduced its high-end strategic planning: a new brand identity, new platform, electric and electronic architecture and a new premium car lineup.
GAC Aion (Chinese: 广汽埃安) expects to create a new high-end model and fully explore the overseas market with high quality and high price by 2024. It has also proposed a new development goal and mission to become a world-class enterprise with global competitiveness in 2037.
On July 19, GAC Aion officially announced the new round of capital raising projects and started pre-listing in Guangdong United Property Rights Trading Centre. The raised funds from the capital increase will focus on new product development, new battery generation, electric drive research and development (R&D), industrialization construction, intelligent driving, intelligent cabin, energy ecology, capacity expansion, and other core technology R&D as well as industrialization layout.
In August 2021, GAC Aion launched the mixed ownership reform and initiation of integration work for the new energy enterprise business R&D capability and business asset restructuring. In November 2021, GAC Aion completed the asset restructuring. After the completion of the reform, GAC Aion's registered capital increased from CNY 1.419 billion (USD 210 million) to CNY 6 billion (USD 888 million).
In March 2022, GAC Aion completed the employee equity incentive and introduced Chengtong Group (Chinese: 诚通集团), Southern Network Momentum (Chinese: 南网动能), Guangzhou AIAN (Chinese: 广州爱安)as strategic investors, with total financing of CNY 2.566 billion.
After a series of reform initiatives, GAC Aion has demonstrated an upward trend in sales performance. With the steady increase in sales, GAC Aion has gained more confidence in financing. As the initial plan suggests, GAC Aion will complete the introduction of Series A strategic investors in the third quarter of 2022 and conduct an initial public offering (IPO) next year.