GAC AION clocks 126% YoY hike in 2022 auto sales

Shanghai (Gasgoo)- GAC AION, the NEV (new energy vehicle)-dedicated subsidiary of GAC Group, sold 30,007 vehicles in Dec. 2022, representing a year-on-year surge of 107% and a month-on-month growth of 4.3%, according to a post on the company's WeChat account.

For the year of 2022, GAC AION saw its full-year sales soar 126% from the previous year to 271,156 units.

AION LX Plus; photo credit: GAC AION

On Dec. 29, Ruipai Power Technology Co., Ltd. ("Ruipai") broke ground on a manufacturing base, which will start producing new-generation electric drive systems next year, according to GAC AION.

According to the corporate information inquiry platform Tianyancha, Ruipai was incorporated on Oct. 20 as a joint venture among GAC AION (51%), GAC Motor (26%), and GAC Group (23%).

According to GAC AION's introduction, Ruipai will work on the in-house development and commercialization of IDU (integrated drive unit) electric drive system with 2.16 billion yuan ($313.789 million) to be poured over the next several years. It is expected to help GAC AION realize independent R&D and production of electric drive systems.

Only six days after the foundation of Ruipai, Yinpai Battery Technology Co., Ltd. ("Yinpai") was incorporated as another joint venture majority-owned by GAC AION (51%), representing part of efforts GAC AION made to develop its own capability of power battery production. The ground-breaking of Yinpai's factory was celebrated on Dec. 11.