On July 18, GAC Aion officially pre-listed its Series A capital increase project to attract strategic investment at Guangdong United Assets and Equity Exchange. The launch of this financing project marked another significant step in the mixed-ownership reform of GAC Aion. After its completion, GAC Aion will seek to go public at an opportune time, becoming the first listed Chinese new energy vehicle brand.

After the introduction of certain strategic investors and the implementation of reform incentive mechanisms in March this year, Aion will further open up financing in order to attract investors with market influence, industrial synergies, and a positive contribution to its development. Its goal is to deepen the reform of corporate governance structures and establish a fully market-oriented shareholder structure through this capital increase.

Once it is officially listed, all types of qualified investors with extensive market investment experience will be allowed to delist Aion's stock. The funds raised will be mainly used for 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 capacity expansion of GAC Aion. This will help strengthen Aion’s technological advantages and further promote the rapid growth of GAC Group’s new energy business sector.