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On August 12, GAC Group convened a mobilization meeting focused on advancing the Huwang project. Chairman Feng Xingya emphasized that the Huwang project represents a pivotal step in deepening the collaboration between GAC and Huawei. The goal is to marry GAC's manufacturing prowess with Huawei's intelligent technology, thereby venturing into the high-end intelligent new energy vehicle market. This project also figures prominently in the 'Panyu Action' reform initiative. Recently, speculation arose regarding GAC AION's potential investment in Huwang Automobile Technology (Guangzhou) Co., Ltd., with an equity stake capped at 30%. In response, Huwang Automobile stated that it is currently in the process of gaining a deeper understanding of the matter.
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