Qijing Auto Secures Over RMB 1 Billion Strategic Investment, CATL Among New Investors

Qijing Auto recently completed a strategic capital increase exceeding RMB 1 billion, attracting multiple investors including Contemporary Amperex Technology Co. Limited (CATL). Prior to the capital injection, the company was wholly owned by GAC Group and GAC Aion. Following the investment, GAC Group and GAC Aion retain their controlling stake. Qijing Auto's first model, the GT7, has officially debuted and entered blind pre-orders, with the company planning to launch two new models by mid-2026. The proceeds from this financing round will be used to accelerate product development and market expansion.