GAC Aion has brought in 53 strategic investors, paving the way for a possible IPO next year.

The move gives GAC Aion the advantage of strategic upstream and downstream industrial resources in the field of NEVs, providing sufficient financial support for efforts including new product development, next-generation battery, electric drive research and development, intelligent driving and intelligent cockpit research and development, GAC Group said.

GAC Aion was established on July 28, 2017, and began independent operations on November 20, 2020, with the Aion LX Plus, Aion V Plus, Aion S Plus, Aion S, and Aion Y models currently on sale.

On September 15, GAC Aion unveiled its new premium brand Hyper and its first model, the Hyper SSR, at its headquarters in Guangzhou, becoming the latest car company to enter the electric supercar segment.

The company sold 30,016 vehicles in September, up 120.93 percent from a year earlier and up 11 percent from August, data it released earlier this month showed.

GAC Aion had revenue of RMB 5.23 billion, RMB 7.61 billion and RMB 17.27 billion in 2019, 2020 and 2021, respectively. It lost RMB 621 million, RMB 688 million, and RMB 1.389 billion in those three years, respectively.

GAC Aion's second manufacturing center was completed and put into operation, and the overall planning capacity has exceeded 400,000 and can reach up to 600,000, GAC Aion announced on October 12.

GAC Aion will choose to be listed on China's A-share market or H-share once it completes its Series A financing, its general manager Gu Huinan had said in March this year.

Separately, GAC Group chairman Zeng Qinghong had said that GAC Aion aims to make an initial public offering in 2023.