Shangqi Capital
Profile, fund size and portfolio
Shangqi Capital is the corporate venture arm of SAIC Motor Corporation Limited (via SAIC Financial Holdings, 上汽金控) (automotive). It was founded in 2012 and is based in Shanghai, China. It invests from Seed to Late stage in automotive supply chain, new energy, intelligent driving.
Every figure links to its source
Snapshot
Data behind this graphic
| Item | Value |
|---|---|
| Stage range | Seed to Late stage |
| Sectors | Automotive supply chain, New energy, Intelligent driving, Smart manufacturing, New materials, Semiconductors |
| Geography | China (Portfolio companies by region, from the firm's portfolio page) |
| Offices | Shanghai, China |
Sources: S10 Shangqi Capital: investment philosophy; S1 Shangqi Capital 公司简介 (About); S6 Shangqi Capital 已投企业 (Invested companies; POST /investedEnterprises/index).
Data behind this graphic
| Item | Companies | Share |
|---|---|---|
| 半导体 | 74 | 30.8% |
| 新材料 | 34 | 14.2% |
| 新能源 | 31 | 12.9% |
| 汽车零部件 | 29 | 12.1% |
| 信息技术 | 26 | 10.8% |
| 高端制造 | 21 | 8.8% |
| 汽车电子 | 14 | 5.8% |
| 其他 | 11 | 4.6% |
A company can carry more than one tag
Sources: S6 Shangqi Capital 已投企业 (Invested companies; POST /investedEnterprises/index).
Data behind this graphic
| Measure | Value | Unit | Kind | Source |
|---|---|---|---|---|
| Headline size | CNY 550bn+ | Assets under management | Stated by the firm or its parent | S1 |
| Companies backed | 200+ | companies | Stated by the firm | S1 |
| Exits | 80+ | exits | Stated by the firm | S1 |
| Companies on the firm's portfolio page | 240 | companies | Counted from the firm's own list | S6 |
Sources: S1 Shangqi Capital 公司简介 (About); S6 Shangqi Capital 已投企业 (Invested companies; POST /investedEnterprises/index).
Where it invests and who leads it
Geography
- Headquarters
- Shanghai, China
- Offices
- Shanghai, China
Portfolio companies by regionS10S1S6
Portfolio companies by region, from the firm's portfolio page
LeadersS3S4
- Feng Ji (冯戟)Executive Partnership Representative, Managing Partner, IC member (执行事务合伙人委派代表、管理合伙人、IC成员)Find on LinkedInFirm page
- Jiang Jinqian (江金乾)Managing Partner, IC member, Head of Compliance and Risk (管理合伙人、IC成员、合规风控部负责人)Find on LinkedInFirm page
- Zhu Kaiyi (朱恺怡)Managing Partner, Head of Fund Management (管理合伙人、基金管理部负责人)Find on LinkedInFirm page
- Chen Haoxin (陈昊鑫)Managing Director, Head of AI group (董事总经理、人工智能组负责人)Find on LinkedInFirm page
- Liu Chao (刘超)Managing Director, Head of Semiconductor group (董事总经理、半导体组负责人)Find on LinkedInFirm page
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | SAIC Motor Corporation Limited (via SAIC Financial Holdings, 上汽金控) (SSE: 600104) | Single source | S1 |
| Parent industry | Automotive | Single source | S8 |
| Founded | 2012 | Single source | S1 |
| Headquarters | Shanghai, China | Single source | S5 |
| Status | Active | Single source | S1 |
| Capital source | Parent and outside investors | Single source | S8 |
| Headline size | CNY 550bn+ (Assets under management) | Single source | S1 |
| Companies backed | 200+ | Single source | S1 |
| Exits | 80+ total | Single source | S1 |
| Stages | Seed, Series A, Growth, Late stage | Single source | S10 |
Fund vehicles
| Vehicle | Size | Year | Note | Source |
|---|---|---|---|---|
| 扬州尚颀股权投资基金中心 (first PE fund) | CNY 350M | 2013 | first PE fund | S2 |
| 上海上汽创业投资基金 (first VC fund) | CNY 150M | 2014 | first VC fund | S2 |
| 扬州尚颀汽车产业股权投资基金 | CNY 595M | 2019 | S2 | |
| 青岛尚颀汇铸战新产业基金 | CNY 1.7bn | 2021 | S2 | |
| 尚颀山高产业基金 | CNY 800M | 2022 | S2 | |
| 尚成一号基金 | CNY 4.2bn | 2023 | S2 | |
| 科创基金 | CNY 800M | 2024 | S2 | |
| 尚成二号基金 (Shangcheng No. 2) | CNY 3.4bn | 2026 | Subscribed capital increased from RMB 2.5 billion to RMB 3.38889 billion ; About text earlier said 'expected over 3 billion' in 2025 | S8 |
Portfolio
The firm's portfolio page lists 240 companies.S6
The firm also states 200+ companies backed. The page list and the stated total measure different things.S1
| Tag | Companies | Share |
|---|---|---|
| 半导体 | 74 | 30.8% |
| 新材料 | 34 | 14.2% |
| 新能源 | 31 | 12.9% |
| 汽车零部件 | 29 | 12.1% |
| 信息技术 | 26 | 10.8% |
| 高端制造 | 21 | 8.8% |
| 汽车电子 | 14 | 5.8% |
| 其他 | 11 | 4.6% |
Every company on the Shangqi Capital list
240 companies, as listed on the firm's own website.S6 Read the firm's list.
- Thermal Dynamics International, LLC
- 一径科技
- 三瑞高材
- 上海优集
- 上海傲硕
- 上海同创普润
- 上海唐锋
- 上海季丰
- 上海治臻
- 上海瀚薪
- 上海积塔
- 世冠科技
- 世禹精密
- 东升股份
- 东岛新能源
- 东莞天域
- 东莞钜威
- 中科驭数
- 中维化纤
- 中自科技
- 中航科电
- 中芯宁波
- 中茵微
- 丹诺西诚
- 乔合里
- 九岭锂业
- 云南国钛
- 五星新材
- 仁芯科技
- 会通股份
- 伯乐智能
- 伯特利
- 佛山中研
- 佰维存储
- 保隆科技
- 信安世纪
- 元川微
- 先惠技术
- 光惠激光
- 光远新材
- 兰溪致德
- 兴利科技
- 凌空天行
- 凌迪科技
- 凯众材料
- 凯尔博
- 创新金属
- 创视半导体
- 初源新材
- 利普芯
- 利来智造
- 加特兰
- 北斗智联
- 华南新海
- 华大北斗
- 华大半导体
- 华封科技
- 华清电子
- 华熔科技
- 华视智能
- 原磊纳米
- 合肥悦芯
- 合见工软
- 国宇星辰
- 国电电缆
- 图灵量子
- 圣恺新材
- 圣莱特
- 域磐科技
- 基流科技
- 大地保险
- 天地和兴
- 天海电子
- 奕成科技
- 奕斯伟计算
- 奕行智能
- 奥扬科技
- 好快省
- 好电科技
- 威迈斯
- 威顿晶磷
- 宁德时代
- 安天科技
- 宝优际
- 富驰高科
- 尚太科技
- 尚泰传感
- 尚阳通
- 山景电路
- 屹锂科技
- 川土微
- 巨一科技
- 巨风半导体
- 帕西尼
- 广州明珞
- 广州粤芯
- 康吉森
- 开博科技
- 弥富科技
- 彩虹无线
- 得帆信息
- 微分智飞
- 微容电子
- 微瑞光学
- 思锐智能
- 悉智科技
- 悦虎晶芯
- 慧翰股份
- 成都芯进
- 成都超纯
- 掌慧纵盈
- 新凯来工业机器
- 新美光
- 旗芯微
- 无锡星微
- 无锡隆盛
- 无问芯穹
- 时代华鑫
- 昂宝电子
- 昆高新芯
- 易实精密
- 星火时空
- 晟联科
- 普兴电子
- 晶丰明源
- 晶众交通
- 晶存科技
- 晶晨半导体
- 晶能光电
- 智多晶
- 智绿科技
- 智腾微
- 智芯微
- 望变电气
- 未尔锐创
- 本松新材
- 楠菲微
- 欣巴科技
- 欣旺达
- 武汉理岩
- 比亚迪半导体
- 氢颉科技
- 永联科技
- 汇乐环保
- 江南新材
- 泛源科技
- 泽景电子
- 派拉软件
- 浙江安仕
- 浙江蓝能
- 润晶高纯
- 深圳崇辉
- 深赛尔
- 湖南裕能
- 烁科中科信
- 烁科装备
- 物元半导体
- 特思迪
- 珠海硅酷
- 珠海越亚
- 琻捷电子
- 瑞浦能源
- 瑞能新动力科技
- 瑞能股份
- 瑞驱科技
- 瑶芯微
- 瓷金科技
- 盈智科技
- 盛合晶微
- 盛泰光电
- 瞻芯电子
- 矽安光电
- 科华控股
- 科博乐
- 精智实业
- 精进电动
- 索辰科技
- 紫光展锐
- 纳恩汽车
- 经纬恒润
- 维他动力
- 联众金融
- 聚能新材
- 至纯精密
- 航天驭星
- 艾拉比
- 艾泰克
- 艾郎风电
- 芯和半导体
- 芯联动力
- 花生好车
- 苏州明皜
- 苏州晶湛
- 苏州睿昕
- 萨驰智能
- 蓝点触控
- 融通高科
- 西安奕斯伟
- 觅拓新材
- 诺德电子
- 诺瓦聚变
- 赛卓电子
- 超熔科技
- 跃然创新 Haivivi
- 车三百
- 车晓科技
- 车轮互联
- 进芯电子
- 进迭时空
- 追得科技
- 逐际动力
- 速腾聚创
- 道通科技
- 重庆平伟
- 量旋科技
- 量晶万维
- 金凯循环
- 金力永磁
- 金川集团
- 金麒麟
- 金龙稀土
- 鑫精合
- 鑫跃微
- 银轮股份
- 银鹰新材
- 锐泰悬挂
- 锐芯微
- 锦美星灿
- 镇海银球
- 长远锂科
- 长鑫存储
- 阜新德尔
- 韬盛电子
- 韶光芯材
- 驰拓科技
- 骠马涂装
- 高视科技
- 鸣啸信息
- 鸿翼软件
- 龙辰科技
Notable outcomes
IPOs and acquisitions of portfolio companies. Price shown only where published.
For founders
| Item | What the firm says | Source |
|---|---|---|
| Stages | Seed, Series A, Growth, Late stage | S10 |
| bp@shangqicapital.com.cn | S5 |
History
- 尚颀资本注册成立，管理基金规模5亿元 (registered; AUM RMB 500 million)S2
- First portfolio company IPO (阜新德尔)S2
- Mixed-ownership reform completed; core team shareholdingS2
- Four portfolio companies list: 科华控股, 伯特利, 宁德时代, 金力永磁S2
- AUM over RMB 20 billionS2
- AUM above RMB 40 billion; 27 cumulative IPOsS2
- AUM above RMB 52 billion; 32 cumulative IPOsS2
Where sources disagree
- Headline size: 基金管理规模超550亿元 (more than RMB 55 billion, 'Fund management scale' counter, About page) (S1) vs 公司累计资产管理规模超520亿元 (more than RMB 52 billion, About text, same page) (S1) vs 累计管理规模突破520亿元 (2025 entry, history page) (S2). Two figures on the same About page; kept side by side.S1S1S2
- Companies count: 投资项目 200+ (About page counter) (S1) vs 240 unique records via invested-companies endpoint (8 category queries plus listed query, deduped by record_id) (S6) vs category counts sum to 240: 半导体 74, 新材料 34, 新能源 31, 汽车零部件 29, 信息技术 26, 高端制造 21, 汽车电子 14, 其他 11 (S6). Firm headline vs endpoint rows.S1S6S6
- Listed count: 上市项目 38 (About page counter) (S1) vs 累计32家企业IPO上市 (2025 entry, history page) (S2) vs 39 records on listed-companies endpoint (S7). Counts on different pages and dates.S1S2S7
- Parent: SAIC Motor via SAIC Financial Holdings (firm About page) (S1) vs Hengxu Capital (Aranca Q2 2026 table) (S9). Parent differs by source.S1S9
Official pages
Read the firm's own pages for current information.
Sources
- S1Shangqi Capital 公司简介 (About)Firm
- S2Shangqi Capital 发展历程 (History)Firm
- S3Shangqi Capital 管理团队 (Management team)Firm
- S4Shangqi Capital 投资团队 (Investment team)Firm
- S5Shangqi Capital 联系我们 (Contact)Firm
- S6Shangqi Capital 已投企业 (Invested companies; POST /investedEnterprises/index)Firm
- S7Shangqi Capital 已上市企业 (Listed companies; same endpoint, listing_status=已上市)Firm
- S8SAIC Motor announcement 2026-032: Shangcheng No. 2 fund expansion (30 Jun 2026)Parent company
- S9Aranca Quarterly Spotlight CVC Deal Analysis Q2 2026Third-party report
- S10Shangqi Capital: investment philosophyFirm
- S11Shangqi Capital: investment ideaFirm
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by Shangqi Capital or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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