BYD gets bank credit
- Source: Global Times
- [16:51 December 08 2010]
- Comments
Chinese car and battery maker BYD has received 15 billion yuan ($2.2 billion) in credit from the Bank of China, the bank said Thursday.
Bank of China said in a statement on its website the two firms signed a strategic cooperation framework agreement involving financial support of 15 billion yuan ($2.2 billion), without elaborating.
A BYD spokeswoman in Shenzhen declined to comment on the agreement or the purpose of the capital.
Agencies
