Will push the world's first user shareholding platform, Zhiji Automobile Technology Co., Ltd. to complete the registration

On December 25, SAIC, Zhangjiang hi tech and Alibaba Group jointly established Zhiji Automobile Technology Co., Ltd. (hereinafter referred to as: Zhiji automobile) to complete the registration in Pudong New Area. In the future, Zhiji automobile will build the world's first "ESOP + csop" shareholding platform. The registered capital of Zhiji automobile is 10 billion yuan. Among them, SAIC Group invested 5.4 billion yuan, holding 54% of the shares; Zhangjiang hi tech and Alibaba each invested 1.8 billion yuan, holding 18% of the shares respectively. The other 10% equity of Zhiji automobile will be divided into 5.1% ESOP (core employee ownership platform) and 4.9% csop (user rights platform). On the csop platform, users will continue to optimize and iterate through data-driven products and brands. Zhiji automobile will apply a series of scientific and technological means including blockchain to confirm the data value contributed by users in the form of digital rights and interests. The board of directors of Zhiji automobile was also set up on the same day. Wang Xiaoqiu, President of SAIC, served as the chairman of the board. Zu Yujie, vice president and chief engineer of SAIC, Yang Xiaodong, vice president of SAIC and general manager of passenger car company, Liu Ying, chairman of Zhangjiang hi tech, and Zhang Jianfeng, President of aridamo academy, served as the directors respectively.