Schaeffler and CICC Private Equity Establish Intelligent Industry Fund, Ushering in New Phase of Investment in China

According to the latest official announcement from the company, on September 2, Schaeffler and CICC Private Equity officially signed an agreement in Anting, Shanghai, to jointly establish an intelligent industrial fund. This is the first industrial fund jointly initiated and established by both parties in China.

Image source: Schaeffler

Schaeffler stated that this cooperation marks another innovation in its investment model and industrial ecosystem layout in China, helping Schaeffler further empower outstanding local Chinese enterprises with core competitiveness and providing strong support for the deepening of its business presence in China.

Specifically, the fund will closely align with the upstream and downstream of the Schaeffler industrial chain and the development direction of Schaeffler's innovative businesses, focusing on electrification, intelligence, and low carbonization. It will prioritize investments in strategic emerging and future industries such as key technologies for new energy vehicles and intelligent driving, artificial intelligence, humanoid robots, low-altitude economy, new materials, and advanced manufacturing.

The fund will become a core platform for Schaeffler to deeply empower local industries, fully integrating resources from both parties in equity investment, business cooperation, post-investment empowerment, and business expansion. Together with the invested companies, it will promote technological innovation and industrialization. Through the dual drivers of capital and technology, Schaeffler is committed to building a more open, efficient, and collaborative local industrial ecosystem to promote high-quality development of future industries.

Schaeffler continues to deepen its expertise in drive technologies, striving to become the world’s leading technology company focused on drive solutions. At the same time, in the face of profound technological changes and market shifts, Schaeffler is actively seeking a second curve of business growth and expanding its presence broadly.AI technology, intelligent manufacturing, embodied intelligence, low-altitude economy, clean energy, and other fields are injecting new momentum into its business growth. This year marks the 30th anniversary of Schaeffler's entry into China. Over the past 30 years, Schaeffler has consistently adhered to the principle of "local resources serving the local market," continuously expanding its investment in China, broadening its industry network, enhancing industrial chain collaboration, and actively serving local customers and markets.

Dr. Zhang Yilin, CEO of Schaeffler Greater China, stated: "The collaboration with CICC Private Equity to launch a private equity investment fund marks a new phase of Schaeffler’s investment in China. The complementary strengths of both parties will generate a powerful chemical reaction and multiplier effect, becoming value co-creation partners for Chinese innovative enterprises in areas such as electrification, intelligence, new energy, and digitalization. Schaeffler will uphold a more open mindset, gather extensive cooperation, and build an open, collaborative, and win-win innovation ecosystem to promote the transformation of China’s manufacturing industry toward high-end, intelligent, and green development, contributing its efforts to the globalization of Chinese innovation."