On February 3, Wuhan Economic and Technological Development Zone welcomed the important news. The strategic cooperation agreement was signed by the Development, Production and Investment Group, Jointly Invested Digital Industry and Jointly Invested Capital, jointly launching the establishment of Jointly Invested Digital Industry Fund with a target scale of 1 billion yuan, focusing on the digitization of the automobile industry and injecting new momentum into the upgrading of the auto valley industry.

Picture source: Wuhan Economic Development Zone

The tripartite cooperation is the key layout of the state-owned capital collaborative enabling automobile industry. Jointly invested digital industry focuses on industrial digital intelligence service. Jointly invested capital holds AAA credit rating and business scale of over 400 billion yuan, while Economic&Technological Development Investment deepens the industrial foundation of "auto energy soft core material" in Chegu, forming the closed-loop resultant force of "industry+digital intelligence+finance". At present, Wuhan Economic Development Zone is building "135" modern industrial system, and the transformation of automobile industry to high-end, intelligent and green has been the core direction. This fund is not a general layout, but a deep binding of auto valley industry cluster, focusing on projects related to the digital transformation of the auto industry. It is also another action to improve the financial enabling system of the auto industry after the Economic Development Investment follows the auto valley Science&Education Pioneer Fund and Chuxing Venture Investment Fund. It is reported that the Fund will help Chevalley introduce high-quality digital projects, optimize industrial ecology and lay a solid foundation for the trillions industry innovation corridor through the dual energy of capital and technology. The relevant responsible person of Economic Development, Production and Investment said that the tripartite cooperation will be continuously deepened in the future, and the innovative elements will be introduced with capital as the link to help Wuhan Economic Development Zone create a national digital economy and automobile digital integration industry cluster. It is not hard to see that the state-owned capital is accelerating the focus on the automotive digital track. With profound industrial background, Chegu is becoming an important carrier for the transformation of automotive digital intelligence, which deserves continuous attention in the future.