On December 28, GAC Aion announced that its 1 millionth vehicle, the Hyper HT all-electric medium-to-large SUV, had rolled off the production line after 4 years and 8 months. GAC Aion stated that it is not only the fastest new energy vehicle brand but also the fastest vehicle brand in the world to reach this milestone.
| Brand | Time took to reach the one millionth vehicle production milestone |
| GAC Aion | 4 years and 8 months |
| SGMW | 5 years |
| Dongfeng-Nissan | 5 years and 3 months |
| Lynk & Co | 6 years |
| Tesla | 12 years |
| BYD | 13 years |
The brand was established in 2017, initially named GAC New Energy, and then officially changed its name to GAC Aion in 2021. Currently, GAC Aion has two smart factories, and its third factory in Changsha is also under preparation. The factory is expected to be put into use in June 2024, by that time, GAC Aion’s production capacity will reach 800,000 vehicles per year.
In recent years, GAC Aion’s sales have increased significantly. Its sales from 2019 to 2022 were 42,003, 60,033, 120,155, and 271,156 vehicles, respectively, doubling almost every year. Last year, GAC Aion launched its high-end luxury sub-brand, Hyper. So far, a total of three models have been launched, namely, Hyper SSR, Hyper GT, and Hyper HT.
With two major sub-brands, Aion and Hyper, GAC Aion’s sales have been increasing this year as well. As of the end of November this year, GAC Aion’s annual cumulative sales have reached 434,056 vehicles, achieving a year-on-year increase of 79.99%; of which 41,567 vehicles were sold in November, a year-on-year increase of 44.51%.
Looking into the future, GAC Aion has set a production and sales target of one million vehicles by 2025. To achieve this goal, GAC Aion plans to further enhance its internationalization strategy. In June this year, GAC Aion signed a memorandum of cooperation with Jinhui, the first dealer in Thailand, representing the brand’s official entry into the Thai market.
Subsequently, GAC Aion held a launch conference in September to release its first overseas model – Aion Y Plus, in Thailand. Then earlier this month, GAC Aion announced its entry into the Cambodian market and launched the Aion Y Plus there, which is the second overseas market that the brand has entered after Thailand. So far, GAC Aion has exported 3,500 vehicles overseas.
GAC, GAC Aion’s parent company, is expected to achieve vehicle production and sales of approximately 2.513 million vehicles and 2.5 million vehicles, in 2023, representing year-on-year increases of 1.3% and 2.7%, respectively. In 2024, GAC aims to achieve a sales growth target of 10%, along with achieving solid-state battery production by 2026.
