Core Viewpoint - GAC Group is investing 1.5 billion yuan to establish a new high-end smart car brand, Huawang Automotive, in collaboration with Huawei, focusing on luxury smart electric vehicles priced around 300,000 yuan. Group 1 - GAC Group announced the investment of 1.5 billion yuan to create Huawang Automotive, aiming to develop an independent high-end smart car brand in partnership with Huawei [5]. - The new brand's vehicles will feature Huawei's intelligent driving software, smart cockpit, and vehicle control solutions, with the first model targeting the luxury smart electric vehicle market [5]. - The brand construction work for Huawang Automotive is fully underway, with plans to officially unveil the brand name by the end of this year and the first model expected to launch by the end of 2026 [6].