Gcl Energy Technology Co.Ltd(002015) 6 announced that the first phase of the 10 billion carbon neutralization industry investment fund cooperated by the company and CICC was RMB 4.5 billion (the same below), marking that the “Finance + industry” strategic alliance between the two sides has taken substantial steps to support the rapid development of mobile energy business by creating innovative products and services of green finance.
On March 31, 2021, Gcl Energy Technology Co.Ltd(002015) and CICC capital reached strategic cooperation and jointly set up the industry’s first 10 billion industry fund with the theme of carbon neutralization – CICC GCL carbon neutralization industry investment fund to promote the construction of mobile energy ecology from the capital level and jointly build an efficient, economic and green travel ecology. This time, Gcl Energy Technology Co.Ltd(002015) and CICC privately funded the establishment of an industrial investment fund with “double carbon” industrial chain as the main investment direction, focusing on the mobile energy industrial chain and upstream and downstream technologies. The total amount of initial investment is no more than 4.5 billion yuan, of which Gcl Energy Technology Co.Ltd(002015) (including holding subsidiaries) plans to subscribe no more than 2.25 billion yuan with its own funds, and the rest will be completed by CICC privately.
As the lifeblood of the real economy, finance plays an increasingly important supporting role in the process of realizing the “double carbon” goal. On October 24, 2021, the CPC Central Committee and the State Council issued the opinions on completely, accurately and comprehensively implementing the new development concept and doing a good job in carbon peaking and carbon neutralization (hereinafter referred to as the opinions), which called for giving full play to the guiding role of government investment and building an investment and financing system suitable for carbon peaking and carbon neutralization. Encourage development policy financial institutions to provide long-term and stable financing support for carbon peaking and carbon neutralization in accordance with the principle of marketization and rule of law. Study the establishment of a national low-carbon Transformation Fund and encourage social capital to establish a green and low-carbon industry investment fund.
The official launch of the first phase of CICC GCL carbon neutralization industry fund is a positive response and practice to the opinions Gcl Energy Technology Co.Ltd(002015) president Fei Zhi said, “the fund will provide strong financial support for the company to continuously innovate its business model, develop power exchange products, upgrade core technologies, accelerate market layout, promote the vigorous development of the power exchange industry, and build a demonstration project of industrial and financial cooperation in the field of new energy carbon neutralization. The two sides will also work together to accelerate the implementation of follow-up funds of the fund.”
“The national ‘double carbon’ strategy has brought broad green investment space. The establishment of carbon neutralization fund is an accurate grasp of the opportunity.” Tu Jixian, deputy general manager of CICC capital, said, “transportation is one of the major sources of carbon emissions. The investment layout focuses on the depth of the electric vehicle industry chain, and the charging and replacement infrastructure is one of the key directions. The implementation of CICC GCL industrial fund can promote the rapid ecological development of the power exchange industry.”
