SAIC Subsidiary Plans $1.4B Industrial Fund Focused on Solid-State Batteries and Embodied Intelligence

SAIC Motor Corporation Limited’s wholly-owned subsidiary, SAIC Capital, plans to jointly establish the “Shanghai Shangqi Shangcheng No.2 Private Equity Investment Fund” with multiple partners, with a total scale of RMB 2.5 billion. SAIC Capital will commit RMB 1 billion to the fund. The fund will closely align with SAIC Group’s “Upper Body + Big Chassis” strategy, focusing on domestic substitution needs and prioritizing investments in solid-state batteries, full-stack electronic architectures, digital chassis, and domestic chip development. It will also actively invest in cutting-edge technologies such as artificial intelligence, embodied intelligence, and computing power chips. This initiative aims to strengthen independent control over core technologies and support the company’s transformation toward new energy and intelligent mobility. In 2025, SAIC’s total vehicle sales reached 4.507 million units, up 12.3% year-over-year; new energy vehicle (NEV) sales hit 1.643 million units, surging 33.1% year-over-year. The company expects its full-year net profit to reach RMB 9–11 billion, representing a dramatic year-over-year increase of 438% to 558%.