Chongqing - As the new energy vehicles (NEVs) and intelligent connected vehicles (ICVs) sectors continue to grow, many companies prioritize advancements in intelligence and connectivity. This emphasis on autonomous driving also draws significant attention and investment.
Effectively leveraging capital for automotive industry advancements is a key topic discussed by industry experts at the Western China Science City Innovation Center of Intelligent and Connected Vehicles (WICV) on April 18.
Industry experts shared views on how to leverage capital to advance the automotive industry on April 18. (Photo/WICV)
Zhang Hongbin, general manager of TSARI Capital, discussed the pivotal role of capital in propelling companies during the investment phase. TSARI Capital, which manages funds focused on technology within the automotive industry, champions a collaborative approach that includes a vehicle company, a capital firm, and academic institutions. This alliance has successfully developed a testing equipment platform, with schools providing technological expertise, the capital firm offering financial investment, and the vehicle company driving market expansion.
Zhang highlighted the critical need to identify and foster standout entrepreneurial ventures, noting their scarcity yet vital importance to the fund's strategy.
Meanwhile, Zhao Chunlin, general manager of the Kexing Science and Technology Innovation Investment Fund, delved into their strategies for investing in intelligent vehicles and the new energy sector.
"Chongqing boasts a robust automotive industry, with growth evident in companies like Changan and Seres," said Zhao. Initially focusing on component manufacturers, the fund quickly recognized the benefits of investing in larger, full-scale vehicle producers.
Zhao recalled Changan's early ventures into new energy vehicles in 2008, which made up more than 30% of their portfolio. By 2017, this investment had increased in value by 150 times.
He emphasized the importance of focusing on the Internet of Vehicles and vehicle-road collaboration, areas he deems essential for meeting the industry’s future demands.
While immediate financial returns hold significance, Zhao sees a wealth of opportunities in the market, particularly for projects aimed at enhancing road infrastructure. He notes that start-ups must adeptly handle these opportunities to achieve success.