On March 18th, Huawang Automobile Technology (Guangzhou) Co., Ltd. was officially incorporated with a registered capital of 1.5 billion yuan, and its legal representative is Ge Xianqing. The company's business portfolio encompasses automobile sales, manufacturing of auto parts and accessories, sales of new energy vehicle production and testing equipment, as well as the sale of complete vehicles. Market speculation suggests that this entity aligns with the GH project company that GAC Group had previously announced plans to invest in. Earlier in January 2025, GAC Group revealed its intention to invest 1.5 billion yuan to establish a GH project company, aiming for a deep collaboration with Huawei to launch a new automotive brand. Representatives from GAC Group have affirmed that Huawang Automobile Technology is indeed the GH project company and is currently under the sole ownership of GAC Group, with Huawei not yet holding any shares in the venture.