GAC Group permits GAC Aion to invest additional CNY 600 million capital in Farwon Auto
On August 13, GAC Group announced on the Shanghai Stock Exchange (SSE) that it permitted GAC Aion, a holding subsidiary, to invest an additional CNY 600 million capital in Farwon Automotive Technology (Guangzhou) Co., Ltd. (Farwon Auto).
Upon completion of the capital increase, GAC Group will directly hold 71.43% of