Chinese automaker GAC has completed the construction of a new factory designed to produce 200,000 electric vehicles per year. GAC Motor and Aisin AW have also hosted a foundation stone laying ceremony in their Industrial Park for their joint venture project manufacturing automatic transmissions.
Representing a RMB4.7 billion (US$680 million) investment, the factory is the first project at the Industrial Park which started construction in September 2017. It will start production in May, eventually aiming to achieve a total annual production capacity of 400,000 vehicles. The project will aim to release at least 2 electric vehicle models per year.
GAC Group started its own R&D studying self-driving technology in 2011. The Aion S will be released later in 2019, and will also be the first mass-produced vehicle used for developing Level 4 high automation driving systems. A new vehicle model developed by GAC Group and featuring a Level 3 conditional automation driving system will also be put into production in the near future.