The inaugural meeting and the first general meeting of shareholders of GAC Aion New Energy Automobile Co., Ltd. were successfully held on September 6. The formal establishment of GAC Aion New Energy Automobile Co., Ltd. and the introduction of strategic synergistic directors were decided through a resolution. The establishment of the joint-stock company is another milestone for GAC Aion’s innovation and development, which is of historical significance and marks a crucial step taken by Aion in mixed-ownership reform. In addition, the company serves as a great support for the development of GAC Group, the controlling shareholder in the new energy vehicle segment, and even the overall business.