GAC GROUP(SH:601238) Guo Ji Jin Rong Bao·2025-08-21 08:05Core Insights - GAC Group has launched its first strategic model equipped with the Star Source range extension technology, the Haobo HL Range Extender, aiming to penetrate the mid-to-high-end electric vehicle market with a differentiated strategy [1][2] - The new vehicle features a price range of 269,800 to 299,800 yuan, a 60 kW·h battery from CATL, and offers a maximum pure electric range of 350 kilometers, addressing range anxiety with a total range of 1,369 kilometers and a fuel consumption of 6.7L when depleted [1] - The Haobo HL Range Extender incorporates 800V/5C ultra-fast charging technology, allowing for a 210-kilometer charge in just 10 minutes, supported by a nationwide charging network of over 24,000 charging piles [1] Industry Trends - In the first half of 2024, sales of range-extended electric vehicles in China increased by 35% year-on-year, with the 300,000 yuan segment growing by 52%, indicating a significant shift in consumer preferences [2] - GAC Group's chairman acknowledged a previous misjudgment regarding customer range anxiety and the potential of range-extended and plug-in hybrid technologies, leading to a strategic pivot in their new energy development approach [2] - Starting in 2025, GAC Group plans to introduce multiple hybrid models, with the Haobo HL8 being the first, followed by offerings from the Trumpchi and Aion brands [2]