BYD Plans to Set Up New Company with Qinghai Salt Lake Industry and Shenzhen Zhuoyucheng Investment
November 15, 2016 at 10:40 pm IST
BYD announced it has signed agreement with Qinghai Salt Lake Industry and Shenzhen Zhuoyucheng Investment to jointly establish a new company with registered capital of USD 73 million. BYD will invest approximately USD 35.8 million for a 49% stake in the joint venture that engages in the development and processing, and sales of comprehensive utilization products of the Salt Lake's resources.