Posted inChinaShanghai

BYD eyes US$940 mln fund for light train promotion

BYD, China’s leading new energy vehicle manufacturer, plans to set up a private equity fund of 6.25 billion yuan (US$940 million) to promote its light train system, Shanghai Securities Journal reported. The company said its wholly-owned subsidiary Shenzhen BYD Investment Management Co. Ltd. will issue the fund. Western Trust Co. Ltd. will subscribe 5 billion […]