Shanghai (ZXZC)- With GAC Group serving as the incubator, the company dubbed “Guangzhou Juwan”, whose one of major businesses is selling graphene materials, was officially registered on September 7, according to GAC Group.

Involving a registered capital of 58.82 million yuan ($8.605 million), Guangzhou Juwan is jointly controlled by Guangzhou Juwan Investment Partnership (L.P.), GAC Capital Co.,Ltd. and GAC Group, according to Chinese corporate data platform Tianyancha. The Guangzhou-based automaker holds 22.52% stake in the newborn company.

Huang Xiangdong, former vice president of GAC Group and first president of Guangzhou Automobile Group Co., Ltd Automotive Engineering Institute, serves the chairman of Guangzhou Juwan.

Guangzhou Juwan has a line of businesses covering the sale of graphite & carbon products, graphene materials, new types of ceramic material and batteries.

On May 13, GAC NE, GAC Group's new energy division, announced that the R&D of graphene battery mass production will move from the laboratory to actual vehicle, and relevant technology results will be applied in the GAC Aion's model lineup.

GAC's R&D department started the R&D on graphene technology in 2014. After nearly 6 years of exploration, GAC has also grasped the preparation technology of 3D structural graphene (3DG) materials with independent intellectual property.

In November 2019, GAC Group officially announced its self-developed 3DG-based “superfast charging batteries”. According to the automaker, the “superfast battery” can be charged to 85% of its capacity within only 8 minutes, which is comparable to the time for refueling a conventional oil-powered car (photo source: GAC Group's WeChat account).