BYD and Foshan Plastics Group, a joint venture expansion projects lithium-ion battery separator</SPAN> Oct.29, 2009</SPAN> in Uncategorized</SPAN>     Chinese battery and car manufacturer - BYD stake in the implementation and the Shenzhen Stock Exchange in Foshan Plastics Group Co., Ltd. joint venture expansion of lithium-ion battery separator project, involving a total investment capital amount of about 1.05 billion yuan.
This is the second acquisition of the US’s BYD Group Hunan bus, passenger car business is developing new energy sources, another investment plan.
Shenzhen A-share listed in Fosugufen issued a statement saying, and BYD, and is responsible for the Buddha’s plastic lithium-ion battery  A1060 , A1061,A1078 separator business, management and technical staff to set up a joint venture, Foshan Jin-Hui, the construction of an annual capacity of 4,500 million square meters (about 542 t) Lithium-ion battery separator is expected the project put into production a year in new revenue and profit after tax were 229 million yuan and 6,250 million yuan.
BYD, the Buddha and the Buddha plastic plastic-related management and technical personnel, will be accounted for 39.375%, Foshan Jin Hui, 48.125% and 12.5% stake, in addition to the Buddha Buddha plastic plastic will Sanshui Industrial Park, 45.3 acres of land plus cash input , and the other two shareholders are based on cash injections.  阅读全文>>