(Yicai Global) Sept. 10 -- GAC Group, one of China’s largest carmakers, recently set up a unit that specializes in graphene and has begun research and development of fast-charging technology for electric vehicles.

Guangzhou Juwan Technology Research has registered capital of CNY58.8 million (USD8.6 million), the Guangzhou-based company said on WeChat yesterday. It specializes in new materials and technologies, graphene and carbon products manufacture, battery production, emerging energy tech R&D, software development and sales of graphene materials.

GAC showed off a super-fast charging battery at its annual tech day in July. Test data showed that it could be charged up to 80 percent within eight minutes. The battery’s corresponding cores, modules and battery pack samples have since passed preliminary function and performance tests, GAC said.

Juwan Technology’s chairman is Huang Xiangdong, former GAC deputy general manager and first president of GAC R&D Center.

Juwan Technology will gradually develop its applications in the field of super-fast charging batteries, super capacitors, fuel cells and other fields. When conditions are ripe, its business will also extend upstream and downstream in the new energy sector chain, GAC said.

Editor: Peter Thomas