GAC Aion's Plan to List in Hong Kong and Its Recent Developments

TapTechNews August 6th news, according to the investment invitation document released by the Beijing Equity Exchange, the new energy vehicle company GAC Aion New Energy Automobile Co., Ltd. (referred to as GAC Aion) under GAC Group is promoting its Hong Kong listing plan. The company plans to transfer part of its equity by listing on the Beijing Equity Exchange, and the investment invitation entity is China Cinda Asset Management Co., Ltd., but the announcement does not mention the quantity or proportion of the shares to be transferred, and the period is from August 1st this year to January 22nd next year.

The investment invitation announcement shows that GAC Aion is currently preparing for the IPO listing on the Hong Kong Stock Exchange, and all the listing preparation work is currently progressing as scheduled. The investment invitation announcement shows that in 2023, GAC Aion's cumulative sales exceeded 480,000 units, with a year-on-year increase of 77%.

TapTechNews noted that in July 2024, GAC Aion's global sales were 35,000 units, a year-on-year decrease of 21.7%, and basically the same as the previous month.

Just last month, the second-generation AION V Tyrannosaurus pure electric SUV of GAC Aion came on the market, positioned as a new hardcore intelligent driving SUV, with a guided price range of 12.98 to 18.98 US dollars.

In June this year, Gu Huinan, the general manager of GAC Aion, said in response to rumors of layoffs that the rumors of layoffs from the outside world are distort the facts. GAC Aion will massively expand stores in the second half of the year, plans to build 100 new direct-sale stores, and will also open several factories, and it is expected to recruit more than 2,000 people.