---
title: "Hexing plans to participate in the establishment of an industrial fund, investing in the upstream and downstream of the new energy and other cutting-edge technology industry chains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240555564.md"
description: "Hexing Electric Power signed a partnership agreement with Ningbo Yongju and other investment institutions to jointly establish an industrial fund of 800 million yuan, primarily investing in cutting-edge technology industries such as new energy, energy algorithms, Internet of Things technology, and intelligent manufacturing. Hexing Electric Power, as a limited partner, contributed 392 million yuan, accounting for 49%. This move aims to leverage the capabilities of professional investment institutions to expand its main business and strengthen the company's core position in the industrial ecosystem"
datetime: "2025-05-16T10:24:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240555564.md)
  - [en](https://longbridge.com/en/news/240555564.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240555564.md)
generator: "portal-rs"
---

# Hexing plans to participate in the establishment of an industrial fund, investing in the upstream and downstream of the new energy and other cutting-edge technology industry chains

According to the announcement from Hexing Electric (603556.SH), the company and its wholly-owned subsidiary Ningbo Yongju recently signed the "Partnership Agreement of CICC Hexing (Suzhou Xiangcheng) Equity Investment Fund Partnership (Limited Partnership)" (hereinafter referred to as the "Partnership Agreement") with CICC Private Equity Investment Management Co., Ltd. and Suzhou Xiangcheng Economic and Technological Development Zone Caohu Capital Investment Co., Ltd. The fund primarily invests in cutting-edge technology industries such as new energy, energy algorithms, Internet of Things technology, and intelligent manufacturing. The company is a contributor to this fund and will provide industrial consulting services for the fund's investment projects.

The total subscribed capital of the fund is RMB 800 million, adopting a dual general partner model. The general partners (GP) have collectively subscribed RMB 16 million, accounting for 2.00% of the total; the limited partners (LP) have collectively subscribed RMB 784 million, accounting for 98.00%. The company and its wholly-owned subsidiary have subscribed a total of RMB 400 million with their own funds, accounting for 50.00%. Among them, the company's wholly-owned subsidiary Ningbo Yongju, as a general partner, has subscribed RMB 8 million, accounting for 1.00%; Hexing Electric, as a limited partner, has subscribed RMB 392 million, accounting for 49.00%.

The company, together with professional investment institutions, has established an investment fund aimed at effectively leveraging the investment capabilities, channels, and experience of professional investment institutions to further expand the company's "supplementing, extending, and strengthening" in its main business, as well as its layout in new technologies and new products, accelerating the cultivation of new productive forces, and strengthening the company's core hub position in the industrial ecosystem

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**