GAC GROUP(SH:601238) Nan Fang Du Shi Bao·2025-09-27 12:58Core Insights - GAC Group has launched the largest V2G microgrid in China, marking a significant milestone in the vehicle-to-grid (V2G) sector with over 20,000 charging piles and the first 10kV medium-voltage grid-connected centralized V2G system [1][7][10] Group Energy Strategy - GAC Group's chairman emphasized the company's commitment to ensuring national energy security and achieving carbon neutrality goals through its energy strategy [3] - The company has invested 45 billion yuan in building a smart connected new energy vehicle industrial park and has developed key technologies such as the cartridge battery and ultra-fast charging [4] Energy Ecosystem Development - GAC has established a comprehensive energy ecosystem through its "26 Energy Action" plan, aiming for a vertically integrated new energy industry chain from mining to charging [4] - The GAC Energy Technology division has implemented a "10,000 Piles Plan," covering 31 provinces and cities with a charging network serving over 7 million users [4] V2G Technology Breakthrough - V2G technology allows electric vehicles to store energy during off-peak hours and sell it back to the grid during peak times, providing economic benefits to users and stabilizing the power system [5][10] - GAC's V2G microgrid project is notable for its centralized management capabilities, which enhance power throughput and better meet grid peak demand [10] Industry Implications - GAC's approach represents a "car company-led" model for V2G implementation, contrasting with previous models led by grid companies or charging operators [11] - The company faces challenges such as high initial investment and long return periods, necessitating sustainable operational scaling to offset costs [11] - GAC plans to combine high-quality new energy products with services and ecosystems, while also contending with competition from other automakers like BYD and NIO in the V2G space [11]