GAC

If the final data is true, the charging time will be comparable to the refueling time of traditional fuel cars, which will also be a technological revolution for new energy vehicle batteries.

The model is designed for young people who want to be trendy and innovative and has a bold color scheme.

GAC New Energy will formally announce the Aion brand at the Guangzhou Auto Show and announce the independence of GAC Aion, the company's source said.

In October 2020, GAC New Energy, as a traditional car company, and NIO, as a new powerhouse in car manufacturing, respectively ushered in an unprecedented OTA upgrade.

There have been several incidents of electric vehicle fires this year, causing concern among many consumers. Chinese EV startup GAC NIO recently promised to reimburse owners of its vehicles for the entire vehicle if they catch fire due to battery problems.

Toyota has decided to supply the core system of its hybrid vehicle to major Chinese automaker Guangzhou Automobile Group (GAC), the first time in Toyota's history that it will offer hybrid vehicle technology to a foreign company, according to Nikkei Asia on Thursday.

On September 26, GAC New Energy unveiled its dual motor two speed four in one integrated drive unit for the first time at the Beijing auto show, which allows the vehicle to accelerate from 0-100km in less than two seconds.

About a month after announcing that it would focus on the "AI OS + eco-services" model instead of making money from selling cars, GAC NIO's brand new business model has seen new progress.

GAC NIO, the joint venture between Chinese carmakers GAC Group and NIO, announced on September 16 that it is launching the GAC NIO Smart Mobility Ecological Fund in conjunction with Xin Ding Capital, with an initial fund size of $1 billion to provide financial and resource support for companies in the ecosystem.