SAIC Motor Subsidiary's Registered Capital Soars to RMB 1.198 Billion

Recently, Shanghai Jinqida Technology Co., Ltd.—a wholly owned subsidiary of SAIC Motor Corporation Limited—completed a business registration amendment, significantly increasing its registered capital from RMB 2 million to approximately RMB 11.98 billion. According to Qichacha, the company was established in November 2025 and is 100% owned by SAIC General Motors Corporation Limited, a key joint venture under SAIC Motor (stock code: 600104). This capital increase is likely aimed at strengthening its strategic positioning in cutting-edge technological fields such as intelligent connectivity and new energy vehicles, further advancing SAIC Motor’s overall technology strategy upgrade.