The Zhitong Finance App learned that GAC Group (02238) had an intraday increase of more than 5%. As of press release, it had risen 4.32% to HK$2.535, with a turnover of HK$27.454,300.
According to the news, according to market media reports, the Flying Car Hi-tech AirCab National Intelligent Manufacturing Headquarters, a subsidiary of the Guangzhou Automobile Group, recently signed a contract to land in Taizhou Bay New Area. The first phase of the project plans to use 500 acres of land and an investment of 1 billion yuan. The first phase plans to build a mass production line with an annual output of 1,000 AirCab units, and layout functions such as key component support, test flight testing, and R&D and operation. Gaoyu recently completed industrial and commercial changes. The new shareholder Chenxi Kaiyuan Yuntu holds about 23.08% of the shares, making it the largest single shareholder. The fund was pledged 99% by Taizhou State-owned Enterprise Taizhou Kaiji Capital Operation Co., Ltd.
According to reports, Guangdong Gaoyu Technology Co., Ltd. has completed more than 800 million yuan in financing in the first three quarters of 2026. The funds will be used for aircraft research and development, airworthiness certification, mass production plant construction, and operation system construction. After this round of financing, GAC Group and its funds are still the largest shareholders of Gaoyu Technology. Gaoyu Technology is GAC Group's key strategic layout for entering the low-altitude economy and the core carrying platform for low-altitude business.