Home / New Energy / News detail

GAC AION clocks 126% YoY hike in 2022 auto sales

Monika From Gasgoo| January 03 , 2023 14:39 BJT

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.

GAC AION clocks 126% YoY hike in 2022 auto sales

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

GAC AION clocks 126% YoY hike in 2022 auto sales

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.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com