China’s Aion prepares to IPO, export electric cars globally

Guangzhou Automobile Company (GAC Group) is all-electric Aion announced that it is preparing for an initial public offering (IPO).

According to the report of carAion’s head of public relations, Yin Jie, told the media during a recent press conference at the Guangzhou Municipal Government Information Office, China that the company is “doing its best” to prepare for the IPO.

The timeframe for the IPO is yet to be revealed, although it is conceivable that Aion is looking to list on the Shanghai Stock Exchange’s STAR Market.

During the press conference, Mr. Yin also announced Aion will detail its global business strategy later this year. It is currently targeting an annual production volume of 1 million vehicles by 2025.

EQUAL previous reportIt is expected that Aion will enter the Australian new car market from the second half of 2024, with a wider rollout from 2025.

Like Tesla and Polestar, it is expected to use a direct-to-consumer sales model instead of engaging with franchisee-dealer partners.

GAC Aion currently advertises eight home-grown models in China, only a handful of which will be entry-level models for Australia, on the right-hand drive of the factory.

Expected to be the MPV Aion Y Plus model for young people. This EV offers a standard NEDC range of between 430 km and 610 km, depending on the variant, with engine outputs of 150 kW and 225 Nm.

The other vehicle Aion is expected to offer at or near launch is a new-generation SUV that will be larger than the Y Plus. Aion is currently selling the LX Plus and V Plus in China and we understand that the Australian model will be the next generation successor to both.

Headline actions from a branding perspective would be GAC Aion Hyper GT And Super SSR.

The Hyper GT is a wild-looking fastback that rivals the Tesla Model 3, offers an extremely slippery drag coefficient of 0.19, 250 kW power, 0-100 km/h acceleration in 4 seconds, butterfly doors and 900V architecture. It even has LiDAR.

The company hopes that an updated version of this car, potentially including a dual-engine performance model, will get right-hand drive around 2025.

Ultimately, every brand needs a product that stands out – not a product designed to sell in bulk, but for great marketing. As for the GAC Aion, this is a left-hand drive Hyper SSR supercar.

The Aion Hyper SSR, dubbed “China’s first supercar” by GAC, has been designed to set “a new standard for China’s auto industry” in terms of both performance and manufacturing.

The company claims the hi-po EV accelerates from 0-100 km/h in an insane 1.9 seconds in top form or 2.3 seconds in low-end form.

The electronic engine with a Porsche-style two-speed transmission produces 900kW (1225hp) which is claimed, when operating at full capacity “providing a powerful repulsion equivalent to a rocket launch at high speed”. 1.7G”.

The company also mentions the use of aviation tire technology with low heat retention and a 900V silicon carbide chip that operates 2.5 times faster while consuming less energy.

GAC Aion also makes the sleek Camry-sized S Plus sedan, but given local tastes, this seems less of an issue to us.

THAN: Brand Profile: China’s Aion will arrive in 2024