GAC Weilai is not a "joint venture company" in the traditional sense, but a "* * * creation company", and will build an open, * * enjoyment and independent platform under the guidance of the "* * creation" model. Guangzhou Automobile Weilai was established in April, 2065438+2008, and was jointly funded by Guangzhou Automobile New Energy Automobile Co., Ltd., Shanghai Weilai Automobile Co., Ltd. and Hubei Changjiang Weilai New Energy Industry Development Fund. GAC Weilai plans to invest 65.438+0.28 billion yuan with a registered capital of 500 million yuan. GAC Weilai is committed to the research and development, sales and service of intelligent networked new energy vehicles. GAC will be mainly responsible for R&D and vehicle production, and Weilai will provide intelligent networking technology and energy support system. The new brand will have its own name and brand-new LOGO, and the existing Weilai models will not be produced in the future. Innovate from the dimensions of "industry, resources, technology and users", and create a brand-new travel ecosystem with cars as the entrance. According to the official news of GAC Weilai, its new brand name will be officially released on May 20th. In the future, the new brand will focus on the research and development, sales and service of pure electric vehicles.