GAC GROUP(SH:601238) Nan Fang Du Shi Bao·2025-07-03 14:40Group 1 - The meeting between GAC Group Chairman Feng Xingya and Huawei's Ren Zhengfei has sparked speculation about accelerating the collaboration on the Huawang Automotive project [1] - Feng expressed that the advanced experiences from Huawei are valuable for GAC's reform, marketing innovation, and customer insights [1] - GAC and Huawei have a long-standing partnership, with recent developments focusing on a new high-end smart electric vehicle brand [4] Group 2 - On March 18, 2023, Huawang Automotive Technology (Guangzhou) Co., Ltd. was officially established with a registered capital of 1.5 billion [5] - The first model from the new high-end smart automotive brand is expected to be launched in 2026, targeting the luxury smart electric vehicle market priced around 300,000 yuan [5] - GAC's production and sales data for May 2025 showed a decline, with production at 128,570 units and sales at 117,698 units, indicating increased pressure on sales amid intensifying competition [5]