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SAIC MOTOR Mulls Injecting RMB5.4B in Shanghai Intelligent Tech Equity Investment Fund Partnership
SAIC MOTOR (600104.SH) announced that, in order to create its own high-end smart BEV brand, the firm intends to partake in the set-up of Shanghai Yuanjie Intelligent Technology Equ...
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SAIC MOTOR Mulls Injecting RMB5.4B in Shanghai Intelligent Tech Equity Investment Fund Partnership
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2020/11/26 16:21
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SAIC MOTOR (600104.SH) announced that, in order to create its own high-end smart BEV brand, the firm intends to partake in the set-up of Shanghai Yuanjie Intelligent Technology Equity Investment Fund Partnership (literal translation of "上海元界智能科技股權投資基金合伙企業") by contributing RMB5.399 billion in capital.

The Fund planned to invest in high-end smart pure electric vehicle projects with Alibaba.com.
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