GAC AION raises $2.5b to become China's most valuable EV startup

GAC AION raises $2.5b to become China's most valuable EV startup

Visuals from GAC's official website

GAC AION, which is affiliated with the Chinese state-owned automaker Guangzhou Automobile Group (GAC), has pocketed 18.3 billion yuan ($2.5 billion) in a Series A round to become the most valuable startup in China’s electric vehicle (EV) industry.

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