Fast Technology March 19th news, GAC Group released a message this evening:A new company, Huawang Automotive Technology (Guangzhou) Co., Ltd. (hereinafter referred to as "Huawang Auto"), established with an investment of 1.5 billion yuan by GAC Group, was officially founded on March 18, and a brand-new high-end intelligent car brand will be announced soon.

GAC Group stated that this is a further layout by GAC Group in the intelligent vehicle ecosystem and high-end brands, and it is also the latest progress of the GH project.

According to the plan, Huawang Automobile will create a new independent high-end car brand. The brand's all-new models will be equipped with Huawei's intelligent driving software, smart cockpit, and intelligent vehicle control solutions. The first product will be positioned as a 300,000 RMB class luxury intelligent new energy vehicle.

GAC Group General Manager Feng Xingya previously introduced,GAC and Huawei's full-stack cooperation model will establish new sales channels.

This cooperation is a key initiative in GAC's transformation towards intelligence, digitalization, and software, which will be reflected in various fields of the GAC Group.

In addition, with the arrival of Huawang Auto's high-end brand, including Trumpchi, Aion, and Hyper, GAC Group now has four independent brands, and the product matrix of vehicles has also been further expanded.