SAIC Motors established Shanghai SAIC Chuangyuan Fund to invest in the automotive industry chain and related fields

SAIC Motor announced that its wholly-owned subsidiaries SAIC Financial Holdings and SAIC Venture Capital will jointly invest with Shangqi Capital and Hengxu Capital to establish Shanghai SAIC Chuangyuan Fund, which focuses on investing in the automotive industry chain and related fields, such as dual carbon, intelligent networking, automotive electronics, etc. The total subscribed capital of the fund is RMB 6.004 billion.