Samsung’s New Contract With Manufacturer Of Electric Vehicles
Fakhir Rizvi 5 years ago Sat 23rd July 2016 | 12:34 PM
Beijing, (UrduPoint / Pakistan Point News – 23rd July, 2016) : samsung will invest $ 450 million in "B y D", China's electric car manufacturing company. According to foreign news agency, the South Korean electronics company "Samsung" will invest $ 450 million in China’s Electric Vehicles Manufacturing Company "B y D".
According to media report, B y D said in a statement that Samsung's subsidiary will invest 57.4 Yuan per share respectively, for which “Shanghai Samsung Semiconductor" paid 3 billion Yuan, in accordance to the contract, to purchase 1.92 million shares of the company.