GAC

Attracted by the initial success of Nio and the support of Chinese policy, the battery swap model for electric vehicles is about to see more players.

GAC also plans to make its own brand of new energy vehicles account for more than 36 percent of all sales and hybrid vehicles account for more than 15 percent by 2025.

GAC Aion expects to invest about RMB 500 million in the initiative, which is scheduled to double its capacity by early 2022.

GAC Group announced at a conference on April 9 that it will work with Huawei to develop L4 self-driving cars for mass production in 2024.

Even at low temperatures, the battery with this technology can have a range of 650 kilometers, the company said.

GAC held a meeting with chip suppliers in January and ordered chips for the year according to its annual demand plan, it said.

GAC announced Wednesday that it will showcase its super-fast-charging battery technology as well as its silicon cathode battery technology at the annual GAC TECH DAY event on April 9.

GAC Aion, a Chinese new energy vehicle manufacturer, launched a new battery technology called magazine batteries on March 10, becoming another car company that produces its own batteries after BYD.

GAC Aion, GAC Group's electric vehicle brand, sold 3,239 units in February, down 56 percent from 7,356 units in January, according to data released by the group on March 8.

Chinese tech giant Huawei will jointly develop next-generation smart electric vehicles with GAC Aion, with each side investing more than 100 people in R&D teams, local media reported.