GAC

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.

It can achieve a charging speed comparable to refueling, with an 8-minute 80% charge and a 10-minute charge to achieve a range of 200-300 kilometers.

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.

Chinese electric car maker GAC Nio will unveil a new model at the Guangzhou Auto Show, which opens on November 20, with specific information unknown at this time.