GIC Invests in Chinese Electronics Manufacturer by Betting on Intelligent Driving

Posted on 02/27/2017

Shanghai-based Advanced Leading Technology Co Ltd. (ALT) received capital from a Singaporean sovereign wealth fund. GIC Private Limited invested money into ALT, taking an 18% ownership stake. ALT manufactures a number of products. ALT is also an electric vehicle (EV) system product provider in China focused on Electrical Power Steering (EPS) and Adaptive Front-lighting System […]