HYCAN, an EV brand owned by GAC NIO New Energy Automobile Technology Co., Ltd., it was established in April 2018 with a registered capital of 500 million yuan. It is jointly held by GAC Group, GAC New Energy, NIO Fund, NIO, and the founding team, thereby realizing the traditional car manufacturing deep integration of experience and Internet car-making concepts.

HYCAN mainly engaged in the research and development, sales and service of pure electric vehicles, and will carry out comprehensive cooperation in the upstream and downstream of the industrial chain, including the research and development of new energy vehicles, sales services, leasing operations, and Internet of Vehicles and autonomous driving.