The future of smart cars at the Guangzhou auto show

According to Gu, GAC Aion will continue to focus on boosting the product's competitiveness and increasing efficiency of sales and after-sales service to maintain its leading position in the high-end NEV market.

GAC Aion, along with GAC Motor, a home-developed brand under GAC Group, are expected to realize a total production and sales of more than 620,000 vehicles in 2022, of which 43 percent will be contributed by NEVs, according to the company.

After finishing the share reform and A-round financing, GAC Aion's market valuation has exceeded 100 billion yuan ($14.39 billion), becoming the highest valuation among domestic unlisted NEV enterprises.

GAC Motor brought its latest future-oriented concept car Green Space, which uses new clean hydrogen energy, revealing the technology layout of the company's transformation to a new energy technology company.

"As a traditional fuel-driven carmaker, we will upgrade our products by electrification and advanced intelligent technologies," said Zhang Yuesai, president of GAC Motor.

In addition to facilitating development of electric and intelligent vehicles, GAC Group will also promote commercial use of robotaxi, according to Feng Xingya, president of GAC Group.

The number of users of Ontime, a mobile transport platform facilitating commercial use of robotaxi, has exceeded 16 million, according to Feng, adding preparation of an IPO for the platform is under way as planned.