Feng Xingya, chairman of GAC, spoke out: We have nothing to do with “Evergrande in the car circle” and “explosion” – Passionategeekz

Passionategeekz On June 22, the employee stock ownership plan of the new energy vehicle brand GAC Aion has caused controversy recently, and even rumors of “explosion” have emerged.GAC Aion issued a public statement on June 16 in response to the incorrect informationpurely malicious rumor. On June 20, Feng Xingya, chairman and general manager of GAC Group, a parent company of GAC Aion, came forward in person to respond to recent hot topics again.

Feng Xingya first introduced in detail the specific situation of GAC Aion’s mixed-ownership reform and employee stock ownership plan, and clearly stated that neither GAC Group nor GAC Aion have anything to do with the “Evergrande in the car circle” and “explosion”.

Feng Xingya said: “GAC Group is one of the best financial structure companies in China’s automobile industry. Our debt-to-asset ratio in 2024 is only 47.6%. Over the years, we have maintained steady development. Even GAC Aion seeks capital operations to release organizational vitality, rather than relying on the capital market to solve the capital problem of development. It can be said with certainty thatWhether it is GAC Group or GAC Aion, it has nothing to do with the “Evergrande in the Car Circle”。”

Passionategeekz noticed that regarding the subsequent development of GAC Aion, Feng Xingya said that GAC will continue to inject high-quality resources into GAC Aion. Next, Aion plans to create a new category for taxis (B-end). Aion focuses on the C-end, and Haobo is positioned as a high-end brand of new energy vehicles.

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