Shangqi Capital's new science and technology innovation fund completed its first round

Shangqi Capital, a subsidiary of SAIC Motor's financial platform, announced that the first round of the new science and technology innovation fund has been completed, with an estimated fund size of RMB 800 million and a first round size of RMB 598 million. This round of fundraising has been supported by many well-known domestic investment institutions, including large-scale guidance funds, state-owned capital, industrial investors and private capital. The fund mainly focuses on early- and mid-stage investment projects in the fields of AI+automotive industry chain in China, especially those with growth and value.