165438+1On October 26th, SAIC announced that in order to speed up the brand building of independent high-end intelligent pure electric vehicles, the company plans to establish Shanghai Yuan Jie Intelligent Technology Equity Investment Fund Partnership (Limited Partnership) with Zhangjiang Hi-Tech and Hengxu Capital * * *, with a total subscribed capital of 7.2 billion yuan, including 5.399 billion yuan subscribed by Zhangjiang Hi-Tech. The Fund plans to jointly invest with Alibaba (China) Network Technology Co., Ltd. (including its designated subordinate investors) in the high-end intelligent pure electric vehicle project (tentatively named "Smart Car").

"Alibaba has made it clear that it will join this electric vehicle project." According to SAIC's senior management, the equity of SAIC accounts for 54%, Pudong Investment accounts for 18%, Ali accounts for 18%, and others account for 10%.

According to the plan, Zhizao Automobile is positioned as a user-oriented automobile technology innovation company, focusing on technological innovation and application, and realizing "* * * creation, * * * life and * * * enjoyment" between users and enterprises. The operation mode of confidant automobile has completely deviated from the traditional state-owned enterprise mode and will adopt the market-oriented capital operation mode. "As the first vehicle startup hatched by SAIC, we hope to fundamentally embark on a path of subversive innovation." SAIC executives said.

At present, the confidant car project has more than 200 members, half of whom are from SAIC. The other part comes from the cross-border industry with automobiles. It is estimated that by the end of this year, the number of projects will reach 300, and it is expected to double by the end of next year.