Beijing News (Reporter Lu Yifu) On the evening of January 16, Weilai Automobile opened down 6.76%. On the morning of the same day, Weilai and GAC Group issued separate announcements, and the two parties stated that they had conducted preliminary discussions on the financing issue and had not yet formed a binding agreement. GAC Group even said that even if the company participates in the future, it is expected that it will participate in the investment through the subsidiary’s own funds to raise funds externally. It is expected that the total amount of its own funds and funds raised will not exceed 150 million US dollars.

Earlier reports said that GAC Group plans to inject USD 1 billion into Weilai.

Beijing News reporter Lu Yifu, editor Wang Jinyu, proofreading, Fu Chunyu