On June 11, 2021, Ihang Capital signed a cooperation agreement on Zero-Carbon Intelligent Industrial Park with the People's Government of Fanchang District, Wuhu City, Huawei Digital Energy and China Three Gorges New Energy Group in Fanchang, Wuhu. The industrial park plans to focus on six major industrial clusters, including carbon neutral and joint research center, GWh-level energy storage industry, battery component industry, carbon neutral innovation industry, smart city industry, smart energy industry, etc. Ihang, as the leading party, will jointly initiate the establishment of a zero-carbon industrial fund with a total scale of not less than 6 billion yuan, and the fund will be centered closely on the industrial orientation of the Zero-Carbon Intelligence Industrial Park and the core of the economic development of Fanshuang District, investing in the zero-carbon direction by means of a mother-subsidiary fund. The fund will closely focus on the industrial orientation of Zero Carbon Intelligence Industrial Park and the core of economic development of Fanchang District, and invest in zero-carbon oriented real economy projects through parent-subsidiary funds, etc., so as to form the rapid development of local zero-carbon intelligence industry.
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