BYD, Societe Generale Plan Auto Finance Co. in China
Chinese automaker BYD has inked a deal with Societe Generale to offer vehicle financing in China.
BYD plans to pony up 400 million yuan ($59 million); Societe Generale will contribute 100 million yuan ($15 million).
The joint venture awaits approval by the China Banking Regulatory Commission.
BYD plans to pony up 400 million yuan ($59 million); Societe Generale will contribute 100 million yuan ($15 million).
The joint venture awaits approval by the China Banking Regulatory Commission.
Tags: byd, china, societe-generale
Views: 3
Replies to This Discussion
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Permalink Reply by JJ Hornblass on -
Interesting post.
FYI, BYD Auto sold nearly 450,000 cars in China last year. Warren Buffet owns a 10% stake in the company. -
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