Industry dynamics

GAC AION opens first flagship store in Myanmar

Publishtime:2019/08/16 Views:8

Shanghai (ZXZC)- On May 18, GAC AION's first and Myanmar's largest flagship store grandly opened.

GAC AION opens first flagship store in Myanmar

GAC AION's flagship store in Myanmar; photo credit: GAC AION

The showroom is located on Dhammazedi Road, Yangon, near famous landmarks such as the National Museum, Myanmar Plaza shopping mall, and the Shwedagon Pagoda. The area sees heavy foot traffic and is surrounded by major city roads, making it convenient for consumers from all over the city to visit.

GAC AION is speeding up implementation of its global strategy, with its models being introduced in countries and regions such as Thailand, Cambodia, Vietnam, Indonesia, as well as Hong Kong China.

Notably, in January of this year, GAC AION's first showroom in Hong Kong opened, featuring the AION Y Plus as its first model launched there. This vehicle boasts highlights such as an ultra-long range and an intelligent cockpit. According to Zhang Zhenguo, General Manager of GAC AION Hong Kong, the carmaker plans to open six sales showrooms and service centers in Hong Kong this year.

In the same month, GAC AION's factory in Thailand officially began construction, with a total investment of 2.3 billion Thai baht and a designed annual production capacity of 50,000 units. The phase one is expected to be completed by July this year and will gradually introduce Hyper's products to meet the demands of the Thai market.

On the evening of May 7, GAC AION announced a significant milestone in its local production in Thailand with the signing of an agreement for its factory in the 185 Bonded Zone. This means that once the Bonded Zone is approved, the import tariff on all components will be reduced from 11% to 0%, and electric vehicles produced in the zone will enjoy the same duty-free treatment and customs clearance convenience as locally produced vehicles within ASEAN member countries.

GAC AION stated that the opening of the first showroom in Myanmar signifies its official entry into the Myanmar market. The carmaker revealed that it will hold a grand brand launch ceremony in the country in July, introducing new products to further enrich the product lineup and enhance market competitiveness locally.