The first domestic auto industry equity investment fund landed in Dongfeng

December 3, 2020
     On December 2, 2020, the signing ceremony of Dongfeng Bank of Communications Yuanjing Auto Industry Equity Investment Fund was held in Wuhan. It is reported that this is the first domestic equity investment fund in the auto industry. The initial registration scale of the fund is 1.6 billion yuan. It will focus on the forward-looking layout of the auto industry's "five modernizations".

Known as the "Auto Capital of China", Wuhan Economic and Technological Development Zone has recently sounded the clarion call for the digital transformation of the automotive industry, proposing to build a "digital car valley" and a "smart car valley" during the "14th Five-Year Plan" period. .

   Driven by the digital wave, the automotive industry is undergoing tremendous changes.

   On December 2, the signing ceremony of Dongfeng Bank of Communications Longing for Auto Industry Equity Investment Fund was held in Wuhan. It is reported that this is the first domestic equity investment fund in the auto industry. The initial registration scale of the fund is 1.6 billion yuan. It will focus on the forward-looking layout of the auto industry's "five modernizations".
The first domestic auto industry equity investment fund landed in Wuhan

   The integration and development of 5G and the Industrial Internet is becoming an important driving force to enhance the digital, network, and intelligent level of the automotive industry.

   Not long ago, Hubei Unicom's 5G base station entered the SA independent network, and the 5G SA hybrid private network jointly developed by Dongfeng Motor and China Unicom was successfully commercialized on its Lantu Motors. Siemens Digital Industrial Software also signed a "Digital Transformation Strategic Cooperation Agreement" with Dongfeng Motor to further enhance the level of automotive intelligent manufacturing.

   The auto industry equity investment fund established this time will further integrate the advantages of Dongfeng Motor's industrial resources and the financial resources of Bank of Communications, and accelerate the promotion of the "five modernizations" in the automotive sector. According to reports, the fund will closely follow the new trends in the development of the automotive industry and carry out a forward-looking layout. At the same time, in accordance with the ideas of openness, cooperation, and cross-industry collaboration, through fund investment, Dongfeng Motor and its industrial chain enterprises will help Dongfeng Motor and its industrial chain enterprises to establish a new ecological chain and resource circle, accelerate the pace of iterative innovation, and share the results of industry changes.


国内首支汽车产业股权投资基金落地武汉


Known as the "Auto Capital of China", Wuhan Economic and Technological Development Zone has recently sounded the clarion call for the digital transformation of the automotive industry, proposing to build a "digital car valley" and a "smart car valley" during the "14th Five-Year Plan" period. .

Peng Hao, member of the Standing Committee of the Wuhan Municipal Party Committee and Secretary of the Working Committee of Wuhan Economic and Technological Development Zone, said that in this profound change led by the digital economy, Wuhan Economic and Technological Development Zone will make every effort to promote the upgrade of the auto industry to the next generation of vehicles and promote major new energy vehicle projects. Put into production as soon as possible. At the same time, the zone actively cultivates and expands Dongfeng’s “three-electric” system, Dongfeng’s autonomous driving pilot project, Huawei’s Intelligent Networking Innovation Center, Geely’s Yikatong, Huali Intelligent Vehicle Networking and other next-generation automotive core industry projects, and builds domestic leading smart vehicles. The networked automobile test demonstration zone will create a world-competitive automobile manufacturing and service industry cluster.