GAC AION announces pre-quotation for A round of strategic investor introduction

Shanghai (Gasgoo)- GAC AION, the NEV-dedicated arm of GAC Group, said the pre-quotation for its A round of strategic investor introduction began on July 18 at Guangdong United Assets and Equity Exchange.

The lastest move indicates the further opening of financing following the completion of an employee stock ownership project in March this year, the NEV maker added. While improving the company's management structure and building a market-oriented shareholder architecture, GAC AION expects to further strengthen its full-chain resource allocation capability and market competitiveness. 

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The company also noted the new investor introduction round would be formally conducted at Guangdong United Assets and Equity Exchange in the near future. The official quotation will greet various eligible investors with copious market investment experience. The proceeds will be mainly used for new product development, R&D of new-generation batteries and electric drive systems, R&D and industrial deployment of key technologies related to intelligent driving, smart cockpit, etc.

GAC AION achieved all-time high monthly sales with 24,109 vehicles delivered in June 2022, representing a 182% hike compared to the same span of 2021.

For the first half of 2022, GAC AION saw its total new vehicle deliveries surge 134% from the previous year to 100,251 units.