BYD, Tianjin transit partner

(China Daily)
Updated: 2012-08-06

Domestic automobile and battery manufacturer BYD Co recently signed an agreement with Tianjin Public Transportation Group (Holding) Ltd to set up a joint venture and produce new energy vehicles in the northern coastal city near Beijing.

BYD will invest 2 billion yuan to build a new production line in Tianjin with a designed capacity of 10,000 new energy vehicles. At the outset the facility will mainly assembles electric buses.

(China Daily 08/06/2012 page19)