Updated: 2016-12-12
On Dec 11, Hubei Yangtze River Industry Fund Co Ltd, Donghu Hi-tech district, NextEv, and NextEv Capital signed an agreement in Wuhan to launch the Yangtze NextEv Development Fund. The fund has a value of 10 billion yuan, and will invest 20 to 30 billion yuan in an intelligent new energy vehicles industrial park, intending to build a new energy vehicles industrial chain.
Li Bin, chairman of NextEv, Wang Hanbing, chairman of the Yangtze industrial fund, and the deputy governor of Hubei province attended the signing ceremony.
According to the agreement, the 10 billion yuan Yangtze NextEv Development Fund will focus on investment in intelligent electric vehicles and related industries. Lighter weights and intelligent circuitry in both vehicle networking, which means the system inside the vehicles, and connections with the driving environment have been trending in development of new vehicles, which will be the mainstream of the automotive industry.
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