Plug pulled on BYD financing venture
By Xu Xiao | China Daily | Updated: 2011-07-11 08:01
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BYD cars are low priced, so analysts question the need for financing - most customers pay cash. Shao Chang / For China Daily |
BEIJING - Domestic automaker BYD has agreed to terminate a planned joint venture with a subsidiary of French bank Societe Generale that would have offered financing for new car purchases, the carmaker announced on July 5.
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