GAC

GAC Aion said it received more than 23,000 orders in October, exceeding the 20,000-unit threshold for the first time.

In April, GAC unveiled the battery technology it claims will allow electric vehicles to have a range of 1,000 kilometers.

This is the third model Baidu has developed in partnership with car companies since the Apollo Moon was announced in June.

The price of lithium carbonate was RMB 70,000 ($10,850) per ton last year, but now it has risen to RMB 270,000.

GAC Aion said it received orders for 19,709 units in September, another record high.

On the A480 Supercharger, the Aion V Plus can achieve a range increase of 207 km on a five-minute charge, the company previously said.

GAC Group is actively exploring the adoption of battery swap on more or even all of its new models, the company's general manager Feng Xingya said.

GAC Aion received orders for more than 18,000 units in August, another record high, the company claimed.

GAC Aion will increase its share capital and introduce strategic investors and actively seek to go public at an appropriate time, GAC Group said.

On the company's A480 supercharger, vehicles can be charged at a high rate of 6C, adding 200 kilometers of range in five minutes and charging from 0 to 80 percent in eight minutes.