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HYCAN is a company focused on new energy vehicles, established in April 2018, and co-founded by GAC Group and NIO. HYCAN is committed to defining, developing, selling, and servicing new energy vehicles, integrating traditional car manufacturing experience with internet car manufacturing concepts with an open attitude. The brand was launched in May 2019, and in December of the same year, it introduced its first intelligent electric all-terrain SUV - the HYCAN 007, which has attracted market attention with its unique design and performance. The product line of HYCAN continues to expand, including the trendy intelligent pure electric SUV HYCAN Z03, and the pure electric intelligent sports car HYCAN A06. In 2022, HYCAN acquired 49% of the equity of GAC's passenger car factory in Hangzhou, forming a production model of Guangzhou + Hangzhou, and established an integrated "research, production, and sales" corporate system. In addition, HYCAN has also established a cooperative relationship with the EDG esports club, further deepening the brand's market influence. HYCAN's technological innovations include new models based on the H-GEA HYCAN self-developed global pure electric architecture, equipped with an 800V high-voltage system and 4C super fast charging technology, as well as equipped with lidar to support high-level assisted driving. The brand takes the "car" as the carrier, aiming to co-create and share a pleasant smart travel experience with users.