BYD and Foshan Plastics Group, a joint venture expansion projects lithium-ion battery separator
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 Dell Inspiron 1520 battery, Dell Inspiron 1525 battery 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.