GAC Aion officially launched its new "Ray" lineup, with the Ray 7 as the series' first pure-electric flagship targeting young consumers. The vehicle features CATL's "Magazine" battery safety technology, L4-derived autonomous driving algorithms, and LiDAR, with a length of approximately 5 meters. The launch follows AION S battery concerns, to which Aion responded with extended warranty measures.
48420 hours ago
On July 24, MIIT inspected GAC Aion and Zhaoqing XPENG, focusing on intelligent connected vehicle safety capabilities and production consistency. Multiple mandatory national standards took effect in 2026, with battery thermal diffusion requirements upgraded to "no fire, no explosion." EX1000.COM
1832 days ago
On July 16, 2026, China's Ministry of Finance, Customs, and Taxation jointly announced that lithium battery consumption tax will be restored from September 1, 2026, ending the 11-year battery tax exemption. The first-year rate is 2%, rising to 4% from September 2027. Industry estimates suggest pure EV manufacturing costs will increase by RMB 396–1,200 per vehicle. This is seen as a key signal of NEV tax incentives gradually phasing out and aligning with ICE vehicle taxation.
55511 days ago
GAC Group expects a net loss of 4.06 to 4.57 billion yuan for H1 2026, contrasting with total sales of 773,100 units, up 2.35% year-over-year. NEVs account for over 60% of sales, while self-owned brands and exports both delivered strong growth. The sharp decline in joint venture sales remains the primary drag on overall profitability.
40517 days ago
In May 2026, GAC Group's total sales reached 127,300 units, up 8.18% year-over-year. The NEV segment sold 46,056 units, up 71.64%. Self-owned brands became the absolute growth driver, with three major brands combining for 55,434 units, up 32.48%. Jan-May self-owned brand cumulative exports reached nearly 100,000 units, up 135%.
51956 days ago
EX1000
