Shanghai (Gasgoo)- On January 21, 2025, GAC Energy Technology Co., Ltd. ("GAC Energy") signed a cooperation agreement with Sichuan Siqiao New Energy Development Technology Co., Ltd. ("Siqiao New Energy") in Chengdu High-tech Industrial Development Zone, according to a post on the company's WeChat account. Under the agreement, the duo will conduct in-depth cooperation on resource sharing, joint station construction, equipment sales, and franchise network expansion.
As part of the collaboration, the first three franchise projects comprising 60 charging guns have already been put into operation. The second batch of three projects, totaling 80 guns, is set to go live shortly. By the end of 2025, the two companies aim to construct 500 direct current (DC) fast-charging stations in the Sichuan-Chongqing region, creating a high-quality, efficient "fast, accessible, and nearby" charging network for the region.
Siqiao New Energy specializes in the investment, operation, and asset management of new energy vehicle charging stations, with over 200 fast-charging terminals already operational in Sichuan province and Chongqing city.
GAC Energy has been aggressively expanding its supercharging network nationwide. In 2024, the company worked with partners across China, employing a mix of self-built, co-built, franchised, and lease-financed business models to complete a supercharging network spanning 202 cities across all 31 provincial-level administrative regions. As of the end of 2024, GAC Energy had deployed 10,000 supercharging terminals equipped with 1,000V high-voltage platforms.
In December 2024, GAC Energy announced its ambitious "Dual 10,000 Charging Piles" initiative, aiming to complete the deployment of 10,000 DC charging piles and 10,000 AC charging piles in 2025.
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