Shulou(Shulou.com)11/24 Report--

On the evening of August 11, GAC GROUP announced that the board of directors agreed with GAC MOTOR Co., Ltd., a wholly-owned subsidiary, and Guangqi Ean New Energy Automobile Co., Ltd., a holding subsidiary, to set up an electric drive technology company (provisional name) according to the proportion of 23%, 26% and 51%. To carry out the industrialization project of independent IDU electric drive system and GMC hybrid electromechanical coupling system, with a total investment of 2.16 billion yuan. Among them, the registered capital of the project company is 900 million yuan, and the funding source is raised by the enterprises themselves.

The establishment of a new company is closely related to the rapid development of GAC NE Automobile. GAC GROUP released production and sales in July KuaiBao said that the total car sales in that month was 220104, an increase of 21.93% over the same period last year, and the cumulative sales this year was 1370030, an increase of 13.50% over the same period last year. Among them, the sales of new energy vehicles was 27064, up 127.26% from the same period last year.

In terms of production, GAC GROUP produced 233621 cars in July, an increase of 42.69 percent over the same period last year, and a cumulative output of 1385276 vehicles this year, an increase of 18.89 percent over the same period last year.

In the field of new energy vehicles, GAC GROUP has a leading exclusive platform for pure electric vehicles, GEP2.0, a deeply integrated "three-in-one" electric drive system and a two-speed dual-motor "four-in-one" integrated electric drive system. He has deeply carried out independent research and development and industrial application of power batteries and batteries, and independently developed power battery technologies such as sponge silicon negative plate battery technology, super-speed battery technology, magazine battery system safety technology and so on. It has created the AION series new energy vehicle product system based on the new pure electric exclusive platform, and has successfully introduced a variety of new energy products to the joint venture.

(proofread / Huang Rengui)

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