GAC Aion New Energy Automobile, valued at approximately $14 billion following a major funding round, is a Chinese electric vehicle manufacturer focused on new energy vehicles and smart mobility solutions. Backed by a diverse group of strategic investors through its Series A financing, the company has expanded its production, technology, and market reach as part of China’s automotive electrification trend.
Keep reading to learn how GAC Aion built capital and positioned itself in the fast-growing EV industry.
What Is GAC Aion New Energy Automobile and What Does It Do?
Founded in 2017, GAC Aion New Energy Automobile Co., Ltd. (commonly GAC Aion) is a China-based electric vehicle manufacturer and subsidiary of Guangzhou Automobile Group (GAC Group). The company produces battery electric vehicles under the Aion and premium Hyptec brands. GAC Aion vehicles emphasize advanced battery tech, intelligent driving features, and electric powertrain innovation. The company serves domestic and select international markets with a lineup spanning compact EVs, SUVs, and performance models.
How Much Funding Has GAC Aion New Energy Automobile Raised?
1. Series A Strategic Funding Round
- Amount Raised: ~$2.5 billion
- Date: 2022
- Valuation: ~103 billion yuan (~$14 billion)
- Lead Investors: Strategic consortium of industry, state and financial investors
- Other Investors: Over 50 strategic investors including battery materials, industrial, financial and government-linked capital
- Purpose: Expand EV production capacity, develop next generation battery and electric powertrain technologies, and support intelligent cockpit and autonomous driving R&D
Total Funding Raised: Approximately $3 billion+ (including the major Series A round and preceding support)
Latest Funding Date: 2022
Latest Known Valuation: Approximately $14 billion after Series A strategic financing
Key Investors
- Strategic Consortium of Investors
- Details: A group of over 50 strategic and industry investors participated in the Series A round.
- Focus Areas: Automotive supply chain, battery materials, industrial capital, and strategic market support.
- Battery Materials and Industrial Partners
- Details: Companies from battery supply, materials manufacturing, and industrial sectors contributed capital.
- Focus Areas: EV battery tech and supply chain integration.
- Government-Linked Funds and Financial Investors
- Details: Multiple provincial and city government backed funds and financial institutions invested in the strategic round.
- Focus Areas: Industrial development and strategic automotive electrification.
- Guangzhou Automobile Group (GAC Group)
- Details: The majority shareholder and corporate parent providing ongoing operational and strategic direction.
- Focus Areas: Corporate growth, market expansion, and product development.
Where Is GAC Aion New Energy Automobile’s Headquarters?
GAC Aion New Energy Automobile is headquartered in Guangzhou, Guangdong, China, serving as the central hub for its electric vehicle design, engineering, and strategic business operations.
What’s Next for GAC Aion New Energy Automobile?
GAC Aion is continuing its push into new energy vehicles, expanding its portfolio of electric models and enhancing smart vehicle technologies including autonomous driving features. The company is also exploring broader global market entries and partnerships to support EV sales and production outside China while advancing next-gen battery systems and intelligent mobility ecosystems.
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