Tianhai Electronics completes a new round of financing, Shangqi Capital makes additional investment

Tianhai Automotive Electronics Group Co., Ltd. ("Tianhai Electronics") recently completed a new round of financing, with additional investment from Shangqi Capital, a private equity investment institution under SAIC Financial Holdings, the financial platform of SAIC Motor. Tianhai Electronics has become a supplier to SAIC Motor Passenger Vehicles, Zhiji, SAIC-GM, and SAIC-GM-Wuling.