The automotive manufacturer is supplying $91m for Dongfeng Bocom Yuanjing Motor Investment Fund, with Bocom International putting up the same amount.
China-based carmaker Dongfeng Motor has formed an automotive technology fund equipped with almost RMB1.6bn ($243m) of capital, DealStreetAsia reported today, citing a stock exchange filing.
Dongfeng has committed approximately $91m to Dongfeng Bocom Yuanjing Motor Investment Fund while financial services firm Bank of Communications’ Bocom International Holdings has put up the same amount.
The rest of the capital is being supplied by Wuhan Jingkai Industry Investment Fund, which will hold a 25% stake in the fund, with the other two…
