Beijing, March 20, China Economic Network (reporter Zhang Yi) Yesterday evening, the official WeChat official account of GAC Group announced that the new company Huawei Automotive Technology (Guangzhou) Co., Ltd. (hereinafter referred to as "Huawei Automotive") invested by GAC Group was officially established on March 18, and the new high-end smart car brand will also be announced soon.

This is Guangzhou Automobile Group's further layout in the intelligent automotive ecosystem and high-end brands, and also the latest progress of the GH project.Huawang Automobile is officially establishedAnnouncement of the Resolution of the 78th Meeting of the 6th Board of Directors of GAC Group

On January 10th of this year, GAC Group announced that the 78th meeting of the 6th Board of Directors had approved the "Proposal on GH Project", agreeing to invest in the establishment of GH Project Company. The company will use the new company as a carrier to leverage its respective advantages with Huawei, and carry out comprehensive cooperation in multiple fields such as product definition, marketing, and ecological services to create a new automotive brand based on a new architecture. The first product will be positioned as a 300000 yuan luxury intelligent new energy vehicle, bringing consumers a more forward-looking intelligent travel experience.

In recent years, GAC Group has been fully committed to intelligent driving technology and promoting equal rights for intelligent driving. Recently, there have been frequent heavy news reports.

On the evening of March 18th, GAC Group announced that its intelligent technology brand ADiGO intelligent driving interconnection ecosystem has been iteratively upgraded to version 6.0 and officially given the Chinese name "Xingling Zhixing". The ADiGO PILOT intelligent driving system has been upgraded to ADiGO GSD (GAC Self Driving). Within this year, GAC Group will launch the first domestic L3 autonomous driving model for mass production and sales, as well as the industry's first L4 autonomous driving front-end production model for offline delivery. At the beginning of 2026, GAC will become the first domestic automaker to steadily promote the large-scale operation of L4 autonomous driving products.

According to public information, Huawang Automobile has a registered capital of RMB 1.5 billion and its registered address is Qingsha Road, Dongchong Town, Nansha District, Guangzhou. The legal representative is He Xianqing, Vice General Manager of GAC Group. The company's business scope includes automobile sales, automobile parts and accessories manufacturing, sales of new energy vehicle production and testing equipment, sales of new energy vehicle vehicles, battery manufacturing, battery sales, etc.

According to the plan, Huawang Automobile will create a new independent high-end automotive brand, and the brand's new models will be equipped with Huawei intelligent driving software, intelligent cockpit, intelligent vehicle control and other solutions.

According to GAC Group, Huawang Automobile will deeply integrate the respective advantages of GAC Group and Huawei in intelligence, ecology, and brand collaboration, and benchmark Huawei's IPD (Integrated Product Development) and IPMS (Integrated Product Marketing and Sales) system experience to build a new process that runs through product definition, marketing, and ecosystem services.Guangzhou Automobile Group stated that it will achieve the goal of stabilizing its intelligent driving level in China's first camp by 2025, and its intelligent driving level and research and development capabilities will enter the world's first camp by 2027.

As of the close on March 19th, the A-share price of GAC Group closed at 8.62 yuan per share, with a total market value of 72.17 billion yuan.