Guangzhou Automobile Group plans to set up a tens of billions of industrial funds to invest in new energy batteries, intelligent driving and automotive chips.

According to news from this website on November 11, GAC Group announced that it plans to cooperate with Guangzhou Industrial Investment New Energy Special Fund of Funds and Bank of China Financial Assets Investment Co., Ltd. as limited partners (LP) at a rate of of 33.4%, 33.3%, 33.3% subscribed capital to initiate the establishment of Guangzhou Intelligent Connected New Energy Vehicle Industry Development Equity Investment Partnership (tentative name). The main investment areas include but are not limited to: new energy batteries, energy ecology, The first phase of the fund is 10 billion yuan for important projects in the upstream and downstream of the intelligent connected new energy vehicle industry chain such as Internet of Vehicles, smart driving, automotive chips, and smart cities.

We noticed that when the fund was filed, the total funds actually paid by the partners was 100 million yuan, while GAC Group paid no more than 32.4 million yuan in proportion. In addition, Guangzhou Yingpeng Investment Management Co., Ltd., a wholly-owned subsidiary of GAC, also served as a general partner (GP) and manager, paying a capital of 1 million yuan. The Energy Industry Development Fund guides the development of strategic emerging industries and the transformation and upgrading of traditional industries,

, cultivating GAC Group's own core leading enterprises, and focusing on the automotive industry chain The upstream and downstream industries form an industrial chain ecology that can empower the main business, tap the increment of the parts industry, and enhance the competitiveness of core products. It is understood that in the first half of this year,

, with a cumulative investment of more than 42 billion yuan, and a total of more than 16,000 patent applications, including more than 6,000 invention patent applications. Advertising statement: This article contains external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.), which are intended to provide more information and save search time, but the results are for reference only. Please note that all articles on this site contain this statement

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