On December 25, Zhiji Automobile Technology Co., Ltd. was established with a registered capital of RMB 10 billion and the legal representative is Wang Xiaoqiu. Its business scope includes: technical services in the fields of automotive technology, network technology, information technology, computer technology, and electronic technology. The largest shareholder is Shanghai Yuanjie Intelligent Technology Equity Investment Fund Partnership (Limited Partnership), which holds 72% of the shares. The latter is a subsidiary of SAIC Motor; Alibaba (China) Network Technology Co., Ltd. holds 18%, the second Major shareholder.