GAC Aion's Hong Kong listing plan exposed, IPO preparations in full swing

According to news on August 6, GAC Aian New Energy Vehicle Co., Ltd. (hereinafter referred to as "GAC Aian"), a subsidiary of GAC Group, is accelerating its Hong Kong listing plan. According to the latest investment documents released by the Beijing Equity Exchange, GAC Aian plans to transfer part of its equity on the Beijing Equity Exchange through listing, with China Cinda Asset Management Co., Ltd. as the main investor. The announcement did not clearly mention the specific number or proportion of shares to be transferred, and the investment period is set from August 1 this year to January 22 next year.

According to the editor’s understanding, GAC Aion is currently in the key preparatory stage for the IPO of Hong Kong stocks, and relevant preparations are being carried out in an orderly manner.
Reviewing the market performance of the past year, GAC Aian achieved a cumulative sales volume of more than 480,000 units in 2023, with a year-on-year growth rate of 77%, demonstrating its strong competitiveness in the field of new energy vehicles.
However, after entering 2024, GAC Aian’s sales data have experienced certain fluctuations. Global sales in July reached 35,000 vehicles. Although they were basically the same month-on-month, they dropped 21.7% year-on-year, reflecting the complex and changing market environment and the challenges faced by the brand. Despite this, GAC Aian has not slowed down its progress and continues to make efforts in product innovation and market expansion.

Last month, GAC Aian successfully launched the second-generation AION V "T-Rex" pure electric SUV. This model is positioned as a "new hardcore smart driving SUV" with its excellent product strength and affordable price. range (129,800 to 189,800 yuan), which quickly attracted widespread attention from the market. This move not only enriches GAC Aian's product matrix, but also further enhances the brand's market influence.

Faced with various speculations and rumors from the outside world, Gu Huinan, general manager of GAC Aian, responded clearly in June that rumors about layoffs were purely a distortion of the facts. He revealed that GAC Aian will expand its store network on a large scale in the second half of the year, planning to build 100 new directly-operated stores and accelerate the pace of factory construction. At the same time, the company will continue to expand its recruitment scale, and it is expected that the number of new employees will exceed 2,000, which fully demonstrates GAC Aian's confidence and determination for future development. -->

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