GAC EA round A financing is officially listed, with a valuation of more than 100 billion yuan after investment.

CTOnews.com August 27 news, yesterday, Guangzhou Automobile E'an A round lead war capital increase project officially listed in Guangzhou property right Exchange.

GAC Ean plans to focus on the R & D and industrialization layout of core technologies such as new product development, new generation batteries, electric drive R & D and industrialization construction, smart driving, intelligent cockpit, energy ecology and capacity expansion.

CTOnews.com learned that this round of GAC EA will introduce diluted shares of about 15% to no more than 70 strategic investors, with a single investor investing no less than 100 million yuan at a capital increase price of no less than 13.23 yuan per registered capital.

According to the listing price, GAC EA has a pre-investment valuation of about 85 billion yuan, financing of 15 billion yuan, and a post-investment valuation of more than 100 billion yuan.

Data show that from January to July 2022, Ian produced a total of 125140 new energy vehicles and sold 125284 vehicles, an increase of 138.0% and 134.7% respectively over the same period last year.