Changan gets financing for NEV venture
By Li Fusheng | China Daily | Updated: 2017-12-01 07:17
Company inks deals with Ping An Bank, China Minsheng Banking Corp
Chongqing Changan Automobile Co has inked strategic financing agreements with Ping An Bank Co and China Minsheng Banking Corp for its new energy car venture that would see investment of up to 100 billion yuan ($15.2 billion) by 2025.
The Chongqing-based automaker said in a statement on Thursday that it would set up an investment platform with the two banks for the purpose.
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