Shulou(Shulou.com)11/24 Report--

CTOnews.com November 11 news, GAC GROUP issued an announcement, with Guangzhou Industrial Investment New Energy Special parent Fund, Bank of China Financial assets Investment Co., Ltd. as a limited partner (LP) according to the proportion of 33.4%, 33.3%, 33.3%, initiated the establishment of Guangzhou Intelligent Network Union New Energy Automobile Industry Development Equity Investment Partnership (tentative name) The main investments include but are not limited to: new energy batteries, energy ecology, vehicle networking, intelligent driving, car chips, smart cities and other important projects in the upstream and downstream of the new energy vehicle industry chain. The initial scale of the fund is 10 billion yuan.

CTOnews.com noted that when the fund was filed, the partners contributed a total of 100 million yuan, while GAC GROUP contributed no more than 32.4 million yuan on a pro rata basis. In addition, Guangzhou Yingpeng Investment Management Co., Ltd., a wholly-owned subsidiary of Guangzhou Automobile, contributed 1 million yuan as a general partner (GP) and manager.

This time, it is proposed to set up an intelligent network connection new energy industry development fund to guide the development of strategic emerging industries and the transformation and upgrading of traditional industries, and at the same time speed up the industrialization of core independent R & D achievements and upgrade the level of key technology. cultivate GAC GROUP's own core leading enterprises, form an industrial chain ecology that can empower the main business in the upper and lower reaches of the automobile industry chain, 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, GAC GROUP invested more than 3.1 billion yuan in R & D, more than 42 billion yuan in total, and more than 16000 patent applications, including more than 6000 invention patent applications.

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