BYD and Foshan Plastics Group, a joint venture expansion projects lithium-ion battery separator
Chinese battery and carmaker – BYD stake in the implementation and the Shenzhen Stock Exchange in Foshan Plastics Group Co., Ltd. joint venture expansion of lithium-project ion battery separator, rechargeable laptop battery involving a total amount of the capital investment of about 1.05 billion yuan.
This is the second acquisition of Hunan BYD U.S. Bus Group, the car companies are developing new energy sources, another investment plan.
Shenzhen A-shares listed in Fosugufen issued a statement saying, and BYD, and is responsible for lithium plastic Buddha-ion battery separator business, management and technical personnel to create a joint venture, Foshan Jin-Hui, the construction with an annual capacity of 4,500 million square meters (approx. 542 t) Lithium-ion battery separator is expected from the project put into production a year in new revenue and profit after taxes totaled 229 million yuan and 6250 million yuan.
BYD, the Buddha and plastic Plastic Buddha-related management and technical personnel will be accounted for 39.375%, Foshan Jin Hui, dell d620 battery 48.125% and 12.5% participation, in addition to plastic plastic Buddha Buddha Sanshui Industrial Park , 45.3 hectares of land plus cash injection, and two shareholders are based on injections of cash.