GAC Capital, the capital operation and equity investment & financing platform of GAC Group, last Friday inked a strategic cooperation agreement with Yuexiu Industrial Fund for the investment layouts focusing on the NEV and ICV industrial chains.
BrandsAcura, AION, AISTALAND, Bozhi, e:N, Everus, Hino, Honda, HYCAN, HYPTEC, Jeep, Mitsubishi, Toyota, Trumpchi, Ye
Main productsIntelligent driving electronic products Advanced driver-assistance system ADAS, driver monitoring system DMS, autonomous driving domain controller ADCU, lidar integration system ILS, on-board high-performance computing platform HPC2.5, 4D imaging radar, 4D millimeter-wave radar Intelligent connectivity electronic products Telematics box T-Box, gateway controller GW, 5G V2X T-Box Body and comfort domain electronic products Anti-pinch control unit APCU, body control module BCM, passive entry and passive start system PEPS, body domain controller BDCU, power liftgate module PLGM, door domain controller DDCU, seat control module SCM, central computing platform CCP, zone control unit ZCU, digital key system BLE/UWB Chassis control electronic products Electric power steering system EPS, electronic parking brake system EPB, integrated brake assist system IBAS, chassis domain controller CDC, steer-by-wire system SbW New energy and powertrain electronic products Vehicle control unit VCU, DC-DC power module, battery management system BMS, integrated power unit IPU, motor control unit MCU, intelligent actuator unit IAU, on-board charger OBC Smart cockpit electronic products On-board camera CAM, vehicle ambient lighting system (VALS), smart cockpit sensing system SCSS, adaptive driving beam system ADB, overhead light controller OHC, augmented reality head-up display AR-HUD, adaptive front-lighting system AFS, camera monitoring system CMS Automotive electronic product development services Intelligent connected vehicle ISO 26262 functional safety development solution, vehicle EMC forward development and simulation, intelligent connected vehicle safety of the intended functionality (SOTIF) development solution
Shanghai (Gasgoo)- GAC Capital, the capital operation and equity investment & financing platform of GAC Group, last Friday inked a strategic cooperation agreement with Yuexiu Industrial Fund for the investment layouts focusing on the new energy vehicle (NEVs) and intelligent-connected vehicle (ICV) industrial chains, according to a post on GAC Group's WeChat account.
Signing ceremony; photo credit: GAC Group
The cooperation will leverage both parties' advantages in technologies, capital and other industrial resources, and their parent companies' industrial superiority in the Guangdong-Hong Kong-Macao Greater Bay Area.
Under the agreement, the duo will explore the joint launch of an investment fund, as part of efforts to help the Guangdong-Hong Kong-Macao Greater Bay Area build a world-class automobile industrial cluster.
GAC Capital was established to advance the industrial investment deployment for GAC Group, so as to drive the transition and upgrade of Guangzhou's automotive industry, said Zeng Qinghong, Chairman of GAC Group. It is roughly estimated that there have already been nearly 20 complete vehicle manufacturers and over 500 core auto parts suppliers in the capital of Guangdong province.
As a private equity investment management platform under Yuexiu Financial Holdings, Yuexiu Industrial Fund has already teamed up with GAC Capital in the aspects of funds and projects. They jointly invested in such firms as CanSemi, Jingwei Hirain, ArcSoft, Huayou New Energy, and Calterah, tapping the ICV-related domains like wafer manufacturing, IoV (Internet of Vehicles), visual algorithm, as well as millimeter-wave radar.
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