Sales of GAC Aion, the new energy vehicle brand of GAC Group, rose 112 percent year-over-year to 10,604 units in July, with more than 16,000 units on order, according to data released by the company on Monday.
(Graphic by CnEVPost)
Individual users accounted for 77 percent of the number of license plate registrations for GAC Aion models from January to June this year, while corporate users accounted for 23 percent, the company said.
GAC Aion, which began independent operations on Nov. 20, 2020, is positioned as a premium smart electric vehicle brand and has already launched models including the Aion Y, Aion LX and Aion V.
In the first half of this year, GAC Aion's total sales reached 42,800 units, with terminal sales exceeding 10,000 units in both May and June.
GAC hopes to achieve 3.5 million vehicles in both production and sales by 2025, with a compound annual growth rate of over 10 percent. It hopes to have a market share of over 12 percent and a 20 percent share of new energy vehicles by that time.
GAC can become a world-class high-end intelligent electric vehicle brand, and its core technology and product applications for new energy vehicles reach a leading level in China, the company said last week.
By 2035, GAC Group strives to achieve 5 million vehicles in both production and sales, with a 50 percent share of new energy vehicles, and become a global leader in high-end smart electric vehicles.
According to Gu Huinan, General Manager of GAC Aion, this means that GAC Aion starts to serve customers directly both online and offline, and is an innovative change in its channel model.