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Beijing LEAR has announced its intention to invest 200 million yuan to acquire an additional 69.19 million yuan worth of registered capital in Shanghai Zhenliang Intelligence Technology. Concurrently, Zhao Wei, the chairman of Beijing LEAR, will personally invest 50 million yuan to secure an extra 17.3 million yuan in registered capital. Upon completion of the capital increase, Beijing LEAR and Zhao Wei will hold equity stakes of 11.43% and 2.86% in Shanghai Zhenliang, respectively. Shanghai Zhenliang, known for its focus on AI chip research and development as well as the localization of intelligent computing infrastructure, has already successfully mass-produced two generations of AI chips. The company anticipates large-scale production of its latest GPGPU chips by 2025.
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