The second-generation Aion V debuted at the 2024 Beijing Auto Show, with Chinese market sales starting in July 2024. The model was designed as a global model with plans to expand overseas. In China, it is marketed as the Aion V 霸王龙 (pinyin: Bàwáng lóng; lit. 'Tyrannosaurus Rex').
It is based on the Architecture Electric Platform (AEP) 3.0 pure electric platform developed by GAC that features the first fully liquid-cooled electric drive and an AI cockpit using the ADiGO Sense AI model and ADiGO Pilot intelligent driving system powered by an Nvidia Orin X chip and a Lidar unit with 5 millimeter wavelength radars and cameras.