AutoBeta(AutoBeta.net)09/27 Report--

According to GAC GROUP's latest announcement, Guangzhou Automobile Group Co., Ltd. and Toyota Motor Company signed the "deepening Strategic Cooperation Framework Agreement" in order to further deepen the cooperative relationship. Jointly carry out electric, intelligent, networked basic technology research and development, as well as cost reduction and other measures to enhance competitiveness. And share resources, strengthen the exchange of talents, in order to further enhance the competitiveness of enterprises of both sides.

The joint venture Guangzhou Auto Toyota's models will be equipped with FC (fuel cell) technology, and the two sides will further expand their hybrid models, while jointly developing and developing pure electric vehicles and improving the basic technology of electric vehicles.

At present, GAC GROUP has a very positive attitude in the field layout of the "New four modernizations." In April and June this year, GAC GROUP and Didi signed strategic cooperation agreements and deepening cooperation framework agreements respectively, as well as cooperation in the fields of autopilot, intelligent Internet connection and vehicle customization promotion. Then, the "Ruqi Travel" was officially put into operation; on July 28th, led by GAC GROUP, the ADiGO ecosystem, which was developed by Huawei, Tencent and other Internet communication companies, was officially released. It will be applied to the main new models of traditional fuel and new energy. GAC GROUP continues to devote himself to the cause of intelligent network-connected new energy vehicles.

Toyota launched the world's first hybrid model in 1997. As a pioneer in the development of electric vehicles, Toyota has sold more than 14 million electric vehicles worldwide. He has rich experience in the R & D and manufacturing of electric vehicles and is working hard to promote the popularization of electrification all over the world.

In August, amid a 16 per cent decline in overall sales in China's new energy passenger car market, GAC NE sold 3816 vehicles, a year-on-year increase of 170 per cent. GAC sold a total of 18152 new cars from January to August 2019, almost double the sales in the same period last year. Among them, the Aion S Ean, which launched in April, has received more than 50, 000 orders and is currently in the capacity climbing phase, which is expected to climb to more than 9000 vehicles from September.

The two sides agreed that through this deepening partnership, we will contribute to the improvement of China's environment while striving to meet the diversified needs of Chinese consumers.

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