Gasgoo.com (Shanghai June 30) - SAIC Motor's Industry Foundation has offically begun raising funds staring yesterday, caing.com reported today. According to reports, SAIC is planning to raise 30 billion yuan ($4.64b) overall.
SAIC will use the funds to further develop its customer service, financial and logistic businesses.
China's automobile industry has seen tremendous growth last year, with production numbers in 2010 reaching 18 million units.
