On March 21, GAC Group proudly announced the registration and establishment of Huawang Automobile Technology (Guangzhou) Co., Ltd. in Nansha on March 18, with an initial registered capital of 1.5 billion yuan. The venture, headed by Legal Representative Ge Xianqing, is situated within the Qingsheng Smart Manufacturing Port, encompassing a broad spectrum of automotive activities including vehicle sales, component manufacturing, new energy vehicle production, testing equipment, and complete vehicle sales. Notably, the maiden product of this collaboration will be a premium smart new energy vehicle priced in the 300,000-yuan range.
