Hechuang Automobile opens two-site production mode

Recently, Hechuang Z03 rolled off the production line at Guangzhou Automobile Passenger Vehicle (Hangzhou) Co., Ltd. (hereinafter referred to as "Guangcheng Hangzhou Company").This means that after being produced by GAC Aeon Guangzhou Plant, Hechuang Automobile has added a new production base.

Image source: Hechuang Automobile

According to official data, GAC Hangzhou is a world-class smart factory built by GAC’s production system, with a production capacity of 200,000 vehicles per year.Under the overall coordination of GAC Group and Guangdong Zhujiang Investment Management Group, Hechuang Automobile became a shareholder of Guangcheng Hangzhou Company.Then, under the joint promotion of GAC Passenger Vehicle, GAC Hangzhou Company and Hechuang Automobile, it only took one month to complete the upgrade of the existing production line, realizing theflexible co-production of fuel vehicles and pureelectric vehicles .So far, Guangcheng Hangzhou Company has realized dual-brand (GAC Trumpchi and Hechuang Automobile) operation and flexible co-production of gasoline and electric dual models.

It is reported that, with the support of shareholders Fangguang Automobile and Hechuang Automobile, in addition to providing production capacity and quality assurance, Guangcheng Hangzhou will make full use of the regional advantages of the intelligent networkednew energy vehicleindustry cluster in the Yangtze River Delta to assist Hechuang. Automobile gradually builds a complete supply chain system.

Image source: Hechuang Automobile

Since the capital increase and reorganization in 2021 and the introduction of strategic investor Guangdong Zhujiang Investment Management Group,Hechuang Automobilehas accelerated the pace of product development and other aspects. After the launch of Hechuang Z03, the cumulative order has exceeded 30,000, and the monthly sales have exceeded 3,000 consecutively.

Previously, Hechuang Automobile'snew energyvehicles were produced by GAC Aian, and the industry is well known that GAC Aian's own orders are also growing rapidly, and the production capacity is relatively high.It is understood that GAC Passenger Vehicles, a wholly-owned subsidiary of GAC Group, previously set up factories in Guangzhou, Hangzhou, Xinjiang and Yichang according to the plan with a total annual production capacity of 1 million vehicles, and the current production capacity is relatively sufficient.In view of this, in order to ensure that the production capacity is not affected, it is obviously a reasonable choice for Hechuang Automobile to hand over some new energy vehicles to Guangcheng Hangzhou Company by taking a stake in Guangcheng Hangzhou Company.