Zhiji Auto completes Series A financing and receives RMB 3 billion investment

On August 1, 2022, Zhiji Auto announced the completion of its Series A financing and received an investment of 3 billion yuan. This round of financing was led by Bocom Capital Management Co., Ltd., a subsidiary of Bocom Group, and SAIC Group continued to make additional investments. At the same time, several investment institutions including ICBC Investment, National Green Development Fund, Zhiyou Venture Capital, Shanghai State-owned Assets and State-owned Enterprises Comprehensive Reform Fund, and CITIC Securities Investment also participated in the investment. Since the Series A financing, Zhiji Auto has launched three medium and large pure electric high-end models. Recently, Zhiji L6 made its global debut at the Geneva International Motor Show and is expected to be officially launched in the first half of this year.