GAC Aian integrates the assets of GAC Mitsubishi and plans to increase production capacity to 600,000 vehicles/year in 2024

Recently, GAC Group has made important moves. According to reports, the group’s board of directors passed a resolution on March 20 to transfer all equity interests in its wholly-owned subsidiary Hunan Zhixiang Automobile Management Co., Ltd. (formerly known as GAC Mitsubishi) to another important subsidiary, GAC Aian.

It is understood that the price of this equity transfer has been determined to be 191 million yuan. In addition, GAC Aion also plans to inject an additional 1.858 billion yuan into Zhixiang Company through self-raised funds, bringing the total transaction value to more than 2 billion yuan. This major asset restructuring plan is of great significance to GAC Aion and can be described as a groundbreaking development opportunity.

According to the editor’s understanding, GAC Aian’s current annual production capacity is 400,000 vehicles. However, as the new energy vehicle market continues to boom and consumer demand continues to grow, its production capacity has faced serious bottlenecks. In order to break through this limitation, GAC Aian decided to integrate GAC Mitsubishi's factories and assets, with a view to achieving a significant increase in production capacity by June 2024, and increasing the basic production capacity to 600,000 vehicles/year.

This merger will greatly enhance the production capacity of GAC Aion and will also give it a greater advantage in the fiercely competitive market. In the future, GAC Aian is expected to further consolidate its leading position in the field of new energy vehicles with its strong production capacity and high-quality product quality.

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