Shareholder ICAP invests in the top three global new energy vehicle companies, "AION".

Origin Ventures's shareholder ICAP has invested in AION, one of the top three global new energy vehicle companies, and is currently the only private investor among the top ten shareholders of AION, which plans to file for an IPO in the first half of 2023.

AION is the core vehicle spun off by GAC Group to develop intelligent network-connected new energy vehicles, and is currently the strongest state-owned new energy vehicle company in China, ranking third in total industry sales, after Tesla and BYD. The company's No. 1 factory will be put into operation in April 2019, and No. 2 factory will be put into operation in October 2022 to form a total annual production capacity of 400,000 new energy vehicles. It currently has more than 7,000 employees, including about 1,200 R&D personnel, and is one of the few new energy vehicle enterprises in China with full-chain independent production, R&D and sales capabilities, and is the first EV+ICV full-stack self-research enterprise in China.

Article source: ICAP Website