BYD gets bank credit

• Source: Global Times
• [08:11 December 04 2009]
• 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