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News and Information
The China New Energy & Intelligent Automobile Investment Alliance Is
Established Zhao Hang is elected Chairman and David Ding Executive Vice Chairman
November 28, 2017
    The inauguration conference of the China New Energy & Intelligent Automobile Investment Alliance took place today at the China Financial Information Center. At this conference, the China New Energy & Intelligent Automobile Investment Alliance was announced to be established. Zhao Hang, former director of the China Automotive Technology & Research Center, was elected Chairman of the Alliance, David Ding, Chairman of East Coast, was elected Executive Vice Chairman, and Chen Kangren, Executive Director of the China Auto Parts & Accessories Corporation, was elected Executive Vice Chairman and Secretary General.
The establishment of the China New Energy & Intelligent Automobile Investment Alliance was initiated by the first cohort of 17 organizations with a focus on the industry of new energy vehicles (NEVs) and intelligent vehicles including the China National Machinery Industry Corporation, the Shanghai STVC Group, East Coast, SAIC Capital, GAC Capital, JMC Capital, and the Suzhou Automotive Research Institute of Tsinghua University. The Alliance is established to drive the technology innovation, business model innovation as well as system and mechanism innovation of the industry of NEVs and smart vehicles, and to build the industry’s public platforms for technologies, standards, information sharing, and intellectual property rights. It is obliged to promote companies within the industry of intelligent vehicles to leverage the advantages of each other, to promote investors to address and solve the financing and development bottlenecks of innovation-oriented companies, and to put together strong resources to help the SMEs in the industry accelerate their growth, and to help them develop markets and raise funds from stock markets.
The Alliance’s Chairman Zhao Hang said: “Over the next 20-30 years, intelligent transportation powered by new energy will be a field that will cause tremendous changes in people’s life and tremendous changes in the industry. The Alliance will firmly seize the strategic opportunity period to become the auto industry’s most influential investment and financing platform, resource integration platform and consulting service platform, to drive the society to shift towards the NEV model and the sharing model rationally and orderly, and to make our due contribution to China’s effort to catch up with and overtake the internationally advanced level in the future intelligent transportation field.”
The Alliance’s Executive Vice Chairman and East Coast’s Chairman David Ding commented: “The change in how we travel is one of the most important changes in human society that is foreseeable. The new auto industry represented by NEVs, smart + connected vehicles, and vehicle sharing will be the most important driver for this change. This will be a long-term and ongoing change. East Coast as one of the main founding organizations of the Alliance will leverage its advantage in project organization, resource integration, public–private partnerships (PPPs), and investor relations, and work together with others to drive this change.”
At the inauguration conference of the Alliance, 50 more organizations and platforms including the Bank of China Shanghai Branch, Bank of Ningbo, the Shanghai Intellectual Property Operations Fund, the Jiuyou Fund, and the Shanghai Zhangjiang Joint Incubator for Multinational Companies also participated in the Alliance and announced to collaborate with the Alliance.