Geely Fund Locates in TEDA

Recently, TEDA-based Geely (Tianjin) Private Equity Fund Management Co., Ltd. completed the registration of private equity fund manager, being the only whole-funded private equity manager of Geely Group, a Fortune 500 company. Located in TEDA in January 2022, with a registered capital of 100 million yuan, the company plans to develop business in fields such as Travel technology, new energy, Artificial Intelligence, Internet of Things and new materials and attract more upstream and downstream enterprises and projects of automotive industrial chain to join TEDA after the registration.

As the National-Level Export Base for Cars and Components and one of China’s Earliest Demo Bases for Nep-industrialization, TEDA has a solid foundation in automobile industry. A group of well-known joint-venture and domestic-brand car markers including FAW Toyota, FAW Volkswagen and Great Wall gather here. Centering on the advantages of the automobile industry, TEDA has continued to make great efforts in the field of industrial finance represented by “automobile + finance”. Leading enterprises of relevant auto industries have successively located their auto supply chain finance projects in the region, such as FAW, SAIC Motor and Hyundai from auto manufacturing sector, Lionbridge, S.F. and Transfar from auto logistics, as well as Guazi and Fengbang from third-party services.