China: Hybrid Kinetic to acquire Zhejiang GBS Energy

Hybrid Kinetic Group has signed an agreement to acquire Chinese battery supplier Zhejiang GBS Energy for Yuan 180m (US$26.4m). Hong Kong-listed Hybrid Kinetic, controlled by the controversial former chief of Brilliance Auto, Yeung Yung (aka Yang Rong), says it will use the batteries in the hybrid vehicles it plans to Subscribe to Automotive World to … Continued

• By Webmaster
• May 18, 2010