China: BYD to invest in several subsidiary ventures

BYD Company plans to inject Yuan 1.48bn (US$229.29m) into several of its subsidiaries. Of this, Yuan 180m will go to Shenzhen BYD Automobiles, which will boost the OEM's registered capital from US$268m to US$448m. A report carried by China Business News said Yuan 130m will be injected into Shenzhen BYD Lithium It’s time to log … Continued

• By Webmaster
• July 21, 2011