Shanghai (Gasgoo)- SAIC Motor and the federal government of Pudong New Space shaped a strategic cooperation on Nov. 26 for the joint growth of Zhiji Motor, a hearth new premium clever all-electric automobile model, the automaker introduced by way of its WeChat account.
The undertaking was launched at Zhangjiang Hello-Tech Park in Pudong New Space on the similar time, and has to-date raised over 10 billion yuan ($1.523 billion) in its preliminary spherical of financing.
SAIC Motor, authorities of Pudong New Space signing settlement; photograph credit score: SAIC Motor
In response to SAIC Motor, the “Zhiji Motor” undertaking is co-developed by SAIC Motor, Pudong New Space and the e-commerce big Alibaba Group. As a user-centric expertise and innovation firm, Zhiji Motor is devoted to turning into “a fulfiller of the travelling revolution in intelligence era”, and can go all out to discover the SDV (software-defined automobile) ecosystem and obtain win-win outcomes for each customers and firms’ values.
Picture credit score: SAIC Motor
SAIC Motor mentioned its advantageous applied sciences in NEV-related core elements and 5 innovation hubs specializing in clever driving applied sciences, AI, huge knowledge, cloud computing, cybersecurity & software program play a terrific supportive position within the launch of Zhiji Motor. Furthermore, SAIC’s cooperation with Alibaba Group in IoV (Web of Automobiles) system and new retail companies, the IGBT-focused three way partnership with Infineon Applied sciences, the commercial battery alliance with CATL, and the collaboration with China Cell and Huawei on 5G expertise point out Zhiji Motor can be supported by many industrial companions.
SAIC Motor will be part of palms with Shanghai Zhangjiang Hello-tech Park Growth Co.,Ltd. and Hengxu Capital to co-build a restricted partnership fund that’s designed to put money into its premium good BEV undertaking, specifically Zhiji Motor, based on the corporate’s announcement. The automaker will maintain 74.986% stake within the fund by subscribing for five.399 billion yuan ($822.091 million).
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