The two sides will further give full play to their respective industrial advantages in the field of new energy vehicles, and jointly develop nickel, cobalt, lithium, manganese and other related resource projects in the upstream of new energy on a global scale with capital as the link, so as to jointly promote the development of new energy battery technology and application market and the high-quality development of China's new energy industry.
In recent years, the industrial transformation characterized by electric intelligence has become a new highland of the automobile industry. SAIC actively empowers open innovation with industrial investment, focuses on strategic areas such as new energy and intelligent networking, and continuously increases direct investment in innovation, including many star enterprises such as Contemporary Ampere Technology Co., Ltd., Horizon, Tao Qing Technology and Momenta. In 202 1 alone, eight of SAIC's investment enterprises were successfully listed, including Principal Century, Jingdong Logistics, Changyuan Lithium Branch, Zhuhai Guanyu, Zhongzi Technology, Juyi Technology, Eastcore, Guangting Information, etc., covering many key technical directions such as chips, new energy, network security and Internet of Things. Up to now, SAIC's primary market investment business assets have reached 43.5 billion yuan, ranking among the best in domestic automobile groups and even industrial groups.