- Aistland raised over $147 million in new funding led by CATL and Bosch-backed Boyuan Capital.
- GAC and GAC Aion retain ~70% combined control after first large external investor round.
- Funds will finance EV platform upgrades, GT7 mass production, intelligent driving and national sales network.
According to Chinese media outlet CLS, Aistland, the premium intelligent electric vehicle brand jointly developed by GAC Group and Huawei, has recently completed a capital increase exceeding RMB 1 billion ($147.2 million).
The latest funding round was jointly backed by CATL, Boyuan Capital under Bosch, as well as several state-backed and industrial investment institutions including CSC Financial, Shenzhen Capital Group and Yuexiu Capital.
The transaction also marks Aistland’s first large-scale introduction of external investors since its establishment.
Prior to the capital increase, Aistland had only two shareholders, with GAC Group holding approximately 71.43% and GAC Aion holding around 28.57%.
Following the completion of the financing round, Aistland’s equity structure now includes the original shareholders, external investors and an employee shareholding platform.
GAC Group and GAC Aion’s combined stake has been diluted to around 70%, while retaining controlling ownership.
The newly raised funds will reportedly be used for next-generation pure-electric platform upgrades, mass production of the brand’s first production model, development of advanced intelligent driving systems, and expansion of nationwide sales channels.
In fact, cooperation between GAC and Huawei dates back to 2021, when the two companies initially planned to jointly develop intelligent vehicles based on GAC Aion models. However, the project did not materialize at the time.
The partnership was revived in 2024 after both sides signed a deeper strategic cooperation agreement, eventually deciding to move forward under a completely new brand. In September 2025, the “Aistland” brand was officially unveiled.
In January this year, the capital increase project for Huawang Automobile was officially listed.
In March, Huawang Automobile Technology (Guangzhou) Co., Ltd. was renamed Aistland Intelligent Automobile Technology (Guangzhou) Co., Ltd., completing the unification of the company and brand identities.
On March 17 this year, Aistland held its first brand launch event, where its debut intelligent shooting brake model, the Aistland GT7, made its global premiere.
Aistland GT7 is scheduled to launch and begin deliveries in June this year.
On the channel side, Aistland signed agreements with its first batch of China’s top 100 dealership groups by the end of last year, with the initial sales network covering 65 core cities nationwide.
According to the company’s roadmap, Aistland plans to launch two models in 2026.
In addition to the upcoming GT7, a second intelligent mid-to-large-size SUV model is scheduled for release in the second half of the year.
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