Zhejiang Province Launches 7 Billion Yuan NEV Industry Fund

[Total Scale of 7 Billion Yuan! Zhejiang Province NEV Industry Fund Officially Signed and Launched] On the afternoon of February 18, the signing and launch ceremony of the Zhejiang Province NEV Industry Fund was held in Hangzhou. Li Jun, a member of the Party Leadership Group and Deputy Director of the Provincial Development and Reform Commission, attended and delivered a speech. Relevant officials from the Provincial Financial Holding Company, Hangzhou Municipal Government, Hangzhou Capital, and Binjiang District Government attended the ceremony and witnessed the signing, along with representatives from over 60 enterprises and institutions.

The Zhejiang Province NEV Industry Fund has a total scale of 7 billion yuan and is registered in Hangzhou. It is the largest and longest-term industrial cluster fund among the "4+1" special fund groups. The fund focuses on the entire NEV industry chain, covering key materials and components, vehicle manufacturing, the automotive aftermarket, and other upstream and downstream industry chain segments, as well as intersecting fields such as new materials, new energy, integrated circuits, artificial intelligence, and intelligent connectivity.