China's SAIC Motor sets up $574m fund to invest in new energy, auto, chips

China's SAIC Motor sets up $574m fund to invest in new energy, auto, chips

Chinese state-owned automaker SAIC Motor Corp is setting up a 4-billion-yuan ($574.2 million) fund in cooperation with a group of domestic companies to invest in the automobile ecosystem.

Edited by: Pramod Mathew