GAC Aion officially listed its Series A capital increase project to attract strategic investment at the Guangzhou Equity Exchange on August 26. Qualified investors can register to participate in the capital increase and delist the shares from August 26 to September 23 during the official listing period. During this round, GAC Aion will dilute approximately15% of its shares in order to introduce no more than 70 strategic investors, with a capital increase price of no less than RMB 13.23 per registered capital and a single investor's investment of no less than RMB 100 million.

This round of financing will enable GAC Aion to reserve a lot of funds for its sustainable future development. GAC Aion plans to focus the funds raised from this capital increase and share expansion on the R&D and industrialization layout of core technologies such as new product development, new generation batteries, electric drive R&D and industrialization, intelligent driving, intelligent cockpit, energy ecology, and expanding GAC Aion’s capacity. These are among its efforts to solidify the foundation in response to the future cut-throat competition in the industry and strive to become a leading new energy vehicle enterprise.