GAC Group announced that the board of directors agreed to the company's investment in the establishment of the GH project company with a registered capital of 1.5 billion yuan. It also plans to use this project company as a vehicle to deeply integrate their respective advantages with Huawei, and through joint definition and design, carry out comprehensive cooperation in multiple fields such as product development, marketing strategy and ecological services to create a new automobile brand based on a new architecture and leading technology.