On September 1, according to the Qichacha APP, Shanghai Yuanxin Satellite Technology Co., Ltd. recently underwent industrial and commercial changes, adding Hangzhou Ali Venture Capital Co., Ltd. and SAIC Motor's wholly-owned subsidiary, Shanghai Automotive Group Financial Management Co., Ltd., as shareholders, with its registered capital increased to 2.48 billion yuan. Yuanxin Satellite is the construction and operation entity of the commercial low-orbit satellite constellation 'Qianfan Satellite Constellation.'
