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GAC's NEV arm Aion begins production in Thailand

GAC Aion, a Chinese electric vehicle manufacturer, launched operation of its factory in Thailand on Wednesday. GAC Aion, a new energy vehicle arm of the GAC Group, commenced operation of its Thailand factory on Wednesday, with the second-generation AION V, its first global model, rolling off the production lines in both China and Thailand. The factory will serve as GAC …

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Carmaker Aion launches smart factory in Thailand

The Second-Generation of AION-V is revealed on Wednesday in Aion's newly-opened factory in Rayong Province, Thailand. Thailand's first comprehensive energy utilization factory, established by China's GAC Motor, was launched in Rayong Province on Wednesday, with the aim of developing the facility into Southeast Asia's EV production base and contributing to the kingdom's green development. The intelligent factory constructed by Aion, …

By YANG WANLI in Rayong, Thailand | China Daily | Updated: 2024-07-18 09:53 The Second-Generation of AION-V is revealed on Wednesday in Aion's newly-opened factory in Rayong Province, Thailand. Thailand's first comprehensive energy utilization factory, established by China's GAC Motor, was launched in Rayong Province on Wednesday, with the aim of developing the facility into Southeast Asia's EV production base …

Workers assemble GAC Aion new energy vehicles at a plant in Guangzhou, Guangdong province, in July. LIU DAWEI/XINHUA Salesman Wu Keli is considering trading his gasoline car for a smart electric vehicle at the urging of his wife, Zhang Qing, who was recently given a ride by her friend in an Aito M7, a model codeveloped by the Chinese technology …

Workers are busy on a smart assembly line of GAC Aion in Guangzhou, Guangdong province, in June. "We adhere to the principle of the real economy as the foundation and prioritize the manufacturing industry, thus making significant progress in the construction of a modern industrial system," said Wang Weizhong, governor of Guangdong. The added value of the manufacturing sector in …

7月3日，中国新能源汽车第2000万辆下线活动在广州举行。这是中国新能源汽车发展的历史性时刻，展现出“中国智造”的力量。 Staff members install door sealing strips at the assembly line of GAC Aion, an NEV subsidiary of Guangzhou Automobile Group Co., Ltd., in Guangzhou, south China's Guangdong Province, Feb. 24, 2023. China's 20 millionth new energy vehicle rolled off the production line on Monday in Guangzhou, capital of Guangdong Province, creating a remarkable milestone for the country's NEV sector. …

Carlyle, Aion, Schneider in race to acquire Su-Kam

Mumbai: Private equity fund Carlyle Group, special situations investor Aion Capital and France’s Schneider Electric are among potential suitors for Su-Kam Power Systems, which is facing corporate insolvency proceedings, two people with direct knowledge of the matter said. Interest from Carlyle and Aion in Su-Kam underlines growing zeal among large private equity funds to crack deals in the insolvency space …

Aion Investments, JSW Steel to pay Rs 2,892 crore to pick 74.3% stake in Monnet Ispat

Mumbai: A consortium of Aion Investments – JSW Steel, which has won bid to acquire the bankrupt Monnet Ispat & Energy, will pay Rs 2,892 crore to take over the assets, as per the revised resolution plan approved by NCLT. As per the written order, the consortium will make a payment of Rs 2,457 crore to secured financial creditors of …

AION Capital-JSW Steel consortium agrees to pay Monnet Ispat’s small creditors

Mumbai: The AION Capital-JSW Steel consortium has agreed to pay small operational creditors of Monnet Ispat after the dedicated bankruptcy court observed that there is nothing for small vendors in the resolution plan and they need to keep them in mind while acquiring an asset at such an attractive valuation. The lone successful bidder agreed to set aside around ₹ …