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BYD gets bank credit

  • Source: Global Times
  • [16:51 December 08 2010]
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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