GAC’s Electric Car Brand Debuts in Hong Kong

What’s new: Guangzhou Automobile Group Co. Ltd.’s (GAC) (601238.SH) electric-vehicle (EV) brand Aion has opened its first showroom in Hong Kong, the latest step in the Chinese state-owned carmaker’s EV expansion beyond the Chinese mainland.

Aion initially plans to launch at least four models in the new market, starting with the Y Plus SUV, which is scheduled to go on sale in May, according to a statement from Aion Monday. It will follow with the Hyper SSR sports car, Hyper HT SUV and ES sedan, but Aion has not set launch dates for the trio.