127岁“老爵爷”，联手杭州LP

Group 1 - Renault Group's CEO Luca de Meo visited China in early November 2023, meeting with Dongfeng Group and Geely, and discussing potential collaboration with China International Capital Corporation (CICC) [1] - Renault announced a partnership with CICC, Hangzhou Capital, and Hangzhou High-tech Investment to establish an investment fund focused on the new energy vehicle sector [2][3] - The fund aims to invest in various fields including batteries, intelligent driving, smart cabins, software, and embodied intelligence, marking Renault's first collaboration with Chinese private equity and local industry capital [2][4] Group 2 - The establishment of the fund is part of Renault's strategy to view China as a global innovation center, leveraging its technological capabilities to help Renault recover from significant market setbacks [2][5] - Renault's sales in Europe are projected to increase by 1.3% to 2.26 million units in 2024, with a notable 87.9% year-on-year growth in electric vehicle sales in the first quarter [6] - Renault has previously invested in Chinese companies, including autonomous driving firm WeRide and virtual power plant platform PowerShare, indicating a strong interest in China's innovation capabilities [8][9] Group 3 - The partnership with Hangzhou is strategic, focusing on technological innovation rather than production capacity, as Zhejiang province ranks seventh in automotive output in China [9] - Hangzhou's local state-owned capital has experience in collaborating with European automotive companies, exemplified by its previous partnerships with Stellantis and investments in companies like Leap Motor [9] - The collaboration with local capital in Hangzhou represents a new narrative of cooperation between state-owned enterprises and foreign capital in the context of China's new energy vehicle industry [1][9]