Zeng Qinghong, Chairman of GAC Group, revealed that the plan to spin off and list the Aion brand has made progress

According to news on September 12, Zeng Qinghong, chairman of GAC Group, revealed at the 2023 semi-annual performance briefing that the spin-off and listing plan of the GAC Aion brand is progressing in an orderly manner. He said that the specific listing time will depend on the progress of the listing review and the capital market conditions at that time, and relevant progress will be disclosed in a timely manner in accordance with regulatory requirements.

According to data released by GAC Group, as of the first half of 2023, the group’s operating income reached 61.588 billion yuan, a year-on-year increase of 27.12%. However, there was a decline in net profit, which was 2.966 billion yuan, a year-on-year decrease of 48.42%

According to the editor’s understanding, from January to August this year, GAC Group’s cumulative sales were 1.5507 million vehicles, a year-on-year decrease of 2.34% %. However, it is worth mentioning that the sales of new energy vehicles performed strongly, with cumulative sales reaching 335,900 units, a year-on-year increase of 96.64%. This shows the positive progress of GAC Group in the field of new energy vehicles.

GAC Aian’s spin-off and listing plan has attracted widespread attention in the industry. This move is expected to bring more development opportunities to GAC Group, and also reflects the trend of China's automotive industry constantly pursuing innovation, transformation and upgrading. As the spin-off and listing plan gradually advances, people will pay close attention to GAC Aion's performance in the capital market and its impact on the entire automobile industry

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