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HYCAN

hycan.com.cn

Founded Year

2018

Stage

Corporate Minority | Alive

Total Raised

$372.19M

Valuation

$0000 

Last Raised

$372.19M | 2 yrs ago

About HYCAN

HYCAN is a new energy vehicle research and development company, focusing on the development and design of new energy vehicles and core components.

Headquarters Location

Zhongshan, Guangdong,

China

+86-400-606-1600

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Expert Collections containing HYCAN

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

HYCAN is included in 1 Expert Collection, including Auto & Mobility Tech.

A

Auto & Mobility Tech

1,325 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.

Latest HYCAN News

NIO Withdraws From Joint Venture With GAC Group

Aug 25, 2022

Pandaily On August 23, HYCAN Automotive Technology Co., Ltd. made a change to its registration with China’s State Administration for Industry and Commerce, showing that NIO has withdrawn from the list of shareholders . The electric vehicle firm had a shareholding ratio of about 4.46% prior to its withdrawal. At the same time, HYCAN added a new shareholder, Yaoyu Investment Holding Co., Ltd. HYCAN, formerly known as GAC NIO , was jointly established in April 2018 by GAC Group and NIO Inc. At the beginning of 2021, following the withdrawal of Liao Bing, the founder and CEO of the joint venture, William Li, Chairman and CEO of NIO , also quit the JV and no longer served as its legal representative. Li Zhihong succeeded, and GAC NIO officially changed its name to HYCAN. In terms of joint venture projects, besides GAC NIO , there was another JV called Changan NIO . However, William Li chose to withdraw, probably because these projects seem not to have a bright future. According to sales data released by the China Passenger Car Association, in July, the cumulative sales volume of HYCAN was less than 500 units, of which 444 were the HYCAN Z03 and only seven were HYCAN 007 model. was established in July 2018, with NIO and Changan Automobile holding 45% of the shares respectively, and the remaining 10% of the shares are held by Changan and NIO executives and employees. However, in May 2021, Changan Automobile announced that its holding subsidiary, Changan NIO New Energy Automobile Technology Co., Ltd., had officially changed its name to Avatr Technology Co., Ltd., which turned into an intelligent electric vehicle company backed by Changan Automobile, Huawei and CATL.

HYCAN Web Traffic

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HYCAN Frequently Asked Questions (FAQ)

  • When was HYCAN founded?

    HYCAN was founded in 2018.

  • Where is HYCAN's headquarters?

    HYCAN's headquarters is located at Zhongshan.

  • What is HYCAN's latest funding round?

    HYCAN's latest funding round is Corporate Minority.

  • How much did HYCAN raise?

    HYCAN raised a total of $372.19M.

  • Who are the investors of HYCAN?

    Investors of HYCAN include GAC Group and Pearl River Investments.

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