Wuhan Economic & Technological Development Zone Launches $1.4B Fund to Accelerate Automotive Industry Digital Transformation

On February 3, Wuhan Economic & Technological Development Zone’s Jingkai Industrial Investment Group, Liantou Digital Industry, and Liantou Capital signed a strategic cooperation agreement to jointly establish the Liantou Digital Industry Fund with a total scale of RMB 1 billion, focusing on supporting the digital transformation of the automotive industry. Leveraging an integrated “industry + digital intelligence + finance” model, the fund will concentrate on the Chegu (Vehicle Valley) industrial cluster centered on “vehicles, energy, software, chips, and materials,” and strategically invest in automotive digitalization and intelligentization projects. Liantou Digital Industry will provide industrial digital intelligence services, while Liantou Capital brings AAA credit rating and over RMB 400 billion in business scale. Jingkai Industrial Investment Group has deep roots in the local automotive industry. This initiative marks a significant step in enhancing the automotive financial empowerment ecosystem, following the establishment of the Chegu Sci-Tech Innovation Fund and Chuxing Venture Capital Fund. Through dual drivers of capital and technology, the fund aims to attract high-quality projects, optimize the industrial ecosystem, and accelerate the development of a national-level industrial cluster integrating digital economy and automotive digital transformation.