GAC and Huawei’s Joint EV Venture Qijing Secures Over RMB 1 Billion in New Funding, CATL Among Investors

Qijing Auto, a premium intelligent new energy vehicle brand co-developed by GAC Group and Huawei Qiankun, has completed a capital increase exceeding RMB 1 billion. Investors include Contemporary Amperex Technology Co. Limited (CATL), Bosch’s investment platform, and multiple state-owned and central enterprise-backed capital funds. In January this year, the predecessor company, Huawei-Wang Auto, launched its capital increase initiative. On March 24, Huawei-Wang Auto Technology (Guangzhou) Co., Ltd. completed its business registration amendment and was renamed Qijing Intelligent Automotive Technology (Guangzhou) Co., Ltd., aligning the company name with its brand identity. On May 11, the Kaitou Gongrong Fund, managed by Sui Kai Investment under Guangzhou Development District Investment Group, announced the completion of a strategic investment in Qijing Auto. Qijing’s first model, the GT7—a smart shooting brake— is scheduled for launch in June, with dimensions of 5,050 mm in length, 1,980 mm in width, 1,470 mm in height, and a wheelbase of 3,000 mm.