Blue Lake Capital and Golden Bridge Ltd signed a letter of intent to cooperate on a mobility ecosystem of the future

July 7, 2023

4th July 2023 saw the opening of the Intelligent Driving Technology Congress 2023 in Jinqiao, Pudong. The event is held under the guidance of the Pudong New Area Government and the organising committee of the World Artificial Intelligence Conference, organised by the Science & Economic Committee of Pudong New Area, Shanghai and the Shanghai Jinqiao Economic & Technological Development Zone Administration Committee, and jointly co-organised by Golden Bridge Ltd (金桥股份) and SAE International, with an aim to adapt to the trend of digitalisation and industry innovation, thoroughly put into practice the national strategy to raise competitiveness in the transport sector, and actively promote the innovative development and demonstrative application of intelligent connected vehicles (ICVs).

At the conference, Blue Lake Capital and Golden Bridge Ltd signed a Letter of Intent on Ecosystem Building, according to which both parties will leverage their own resources to support the creation of a mobility ecosystem of the future in Jinqiao, jointly build a networking circle for the industry, foster its development, and explore building technology incubation and innovation service platforms, such as innovation centres for large firms and testing platforms for ICVs. The goal is to jointly nurture Jinqiao’s automotive ecosystem for the future and turn it into a world-class automotive industrial centre.

13 leading investment institutions, including HongShan, GGV Capital, Shenzhen Capital Group, Loyal Valley Capital, FTZ Fund, DHLT Investment and Oriental Fortune Capital, also signed agreements.

Haitao Wei, Partner of Blue Lake Capital, attended the signing ceremony (third from right)

As the core powerhouse of Shanghai’s development of ICVs, Jinqiao in Pudong is committed to building a world-class automotive industrial centre and becoming an international front-runner in ICV development. The Jinqiao Future Mobility Industrial Park will be built around the automotive industry to provide solid backing for the development of ICVs, as a crucial foundation for building the industrial ecosystem, increasing the concentration, and expanding the circle.

The opening ceremony officially kickstarted the Jinqiao Future Mobility Industrial Park, which is comprised of the “twin parks”, namely the Office Park “Jinke” and the Office Park “Jinhai”, with a total area of around 360,000 square metres. A large number of key frontier industries, important investment institutions and ecosystem partners signed agreements to settle in the park, while ecosystem partnerships have been announced between Golden Bridge Ltd and 12 leading enterprises, including SAIC-GM, UAES, Bosch (China) Investment, Changan Automobile, China Mobile and BlackBerry.

Blue Lake Capital has a long-standing focus on advanced manufacturing. In recent years, with in-depth planning in areas such as autonomous driving and the NEV industry chain, it has invested in under-appreciated top runners of the industry, such as Momenta, Zelos, SENSING, and Trensor.

Armed with trusted partnerships, Blue Lake Capital will continue to seize the opportunities brought about by technology innovation, provide comprehensive services to help more intelligent manufacturers achieve solid development, actively build the industrial digitalisation ecosystem, and inject vitality into the industry in the future.

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