E company news, SAIC Motor (600104) announced on the evening of October 29, in order to accelerate the development of high-end intelligent electric vehicle independent brands, the company intends to invest in the establishment of Feifan Automobile Technology Co., Ltd., and the R brand of SAIC Group Passenger Car Branch will be independent, and Feifan Automobile will carry out market-oriented operation in an asset-light manner. Feifan Automobile has a registered capital of 7 billion yuan, of which the company accounts for 95% of the registered capital and the employee shareholding platform accounts for 5% of the registered capital. SAIC Motor also plans to invest in the establishment of Zero Beam Technology Co., Ltd. to undertake all the assets and personnel of SAIC Zero Beam Software Branch, with a registered capital of 3.7 billion yuan.
![Feifan R7 declaration map exposure Positioning the brand's first flagship model 100 km acceleration[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)