GAC

If someone claims a car has a range of 1,000 kilometers and can be fully charged in minutes and safely, it must be a scam, said Ouyang Minggao, an academician at the Chinese Academy of Sciences, at the 2021 China EV100 forum on Sunday.

The first model with graphene battery is the GAC Aion V, which is currently doing winter trials in the very northern Chinese city of Heihe.

If mass production is eventually achieved, the charging time of this battery will be comparable to the refueling time of a traditional fuel car, which will be a technological revolution for new energy vehicle batteries.

Liao Bing, the CEO of GAC Nio, a joint venture between GAC Group and Nio, announced his impending departure at a staff meeting on January 7, jiemian.com said, citing insiders close to the company.

Industry expert says that the capital market has become more and more cautious about investing in new car companies in recent years and that it is still difficult to get recognition from the capital market without good sales performance despite the backing of well-known shareholders.

After the completion of the capital increase, GAC Group and its wholly-owned subsidiary GAC Aion hold a total of 25% equity in GAC Nio.

Hours after releasing a statement Thursday afternoon Beijing time that it will be the first car company in China to accept Bitcoin payments, GAC Nio has apologized for it.

GAC Nioannounced on Weibo today that it will accept Bitcoin payments for car purchases, the first of its kind in China.

The AION V has the world's first 5G and V2X in-vehicle intelligent communication system and is equipped with the world's first automotive-grade 5G module MH5000 - based on Huawei's new-generation Baron 5000 5G chip.

GAC Nio has lowered its sales target to 5,000 units this year, but even so, by the end of September this year, the cumulative sales of the HYCAN 007 were only 562 units.