GAC Matches Automatic Drive, Stock Rises Up to Day Limit

Tesla new energy boom has not faded, but automatic drive becomes the next blue ocean for Chinese automobile manufacturers. According to report yesterday, Guangzhou Automobile Group Co., Ltd. Automotive Engineering Research Institute has signed contact with Chinese Academy of Sciences research institutions. It plans to match into automatic drive segment.

Recently, Hefei Institutes of Physical Science and Advanced Manufacture of Chinese Academy of Sciences has signed “New Energy Automobile Project AutomaticDrive Technology Development” with Guangzhou Automobile Group Co., Ltd. Automotive Engineering Research Institute.

According to Chinese Academy of Sciences website shows, the contract is signed by vice director of Hefei Institutes of Physical Science and Advanced Manufacture LIANG Huawei and HUANG Xiangdong, dean of GAC Research Institution. Hefei Institutes of Physical Science and Advanced Manufacture of Chinese Academy of Sciences is a mainstream automobile automatic drive research institution in China. GAC Research Institution is management department of GAC Group research and technology. The cooperation this time combines new energy and automatic drive together, and senses outside environment with vehicle-mounted senor. It is able to make intelligent decision to make new energy automobile automatic drive comes true.

At present, Google, BMW, Benz, Nissan, Volvo, Ford and Audi have entered automatic drive research area. However, not many has concerned with new energy automobile automatic drive. BYD has announced to cooperate with Singapore Institute of Communications Technology Research Council, and build lab to develop unmanned electronic car technology.

Yesterday, GAC Group price has hit the day limit stimulated by the good news.