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BYD Reportedly Pours RMB100M in Advanced Mfg Industry Investment Fund Phase II
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BYD COMPANY (01211.HK)(002594.SZ) poured RMB100 million in the Advanced Manufacturing Industry Investment Fund Phase II (Limited Partnership) through its subsidiary BYD Auto Industry (literal translation of "比亞迪汽車工業") in Mainland China, holding a 0.2007% stake, Chinese news broke. This investment aims to expand opportunities in the advanced manufacturing and new energy vehicle (NEV) sectors. The fund is a state-controlled industrial fund established in June 2019, with contributors including the Ministry of Finance (MOF) and the State Development and Investment Corporation (SDIC), focusing on investments in advanced manufacturing and the new energy industry. AASTOCKS Financial News Website: www.aastocks.com |
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