Qingdao Wudaokou has acquired a 51% stake in Chery Holding Group, positioning itself for significant influence in the burgeoning new energy vehicle market in China.

Information on the Target

Qingdao Wudaokou is a private equity investment fund company focused on the new energy vehicle (NEV) industry. Established in August 2019, it is located in the Qingdao Automotive Industry New City, Jimo District, Shandong Province. The fund was set up specifically to participate in the capital increase and expansion project of Chery Holding Group. The general partner and fund manager of Qingdao Wudaokou is Beijing Wudaokou Investment Fund Management Co., Ltd., established in 2014, which is registered with the China Securities Investment Fund Industry Association.

The primary objective of Qingdao Wudaokou is to invest in the automotive industry, particularly in new energy vehicles and related upstream and downstream sectors. By investing in these areas, the fund aims to expand competitive capacity and attract related industries, thus promoting the development of the real economy.

Industry Overview in China

The new energy vehicle sector in China has been witnessing exponential growth, driven by government policies aimed at reducing pollution and promoting sustainable transport. The Chinese government has implem