BYD set by 15 billion investment to build power battery and other items

June 3, BYD disclosure set by plans to raise about 15 billion yuan, iron lithium-ion battery for expansion projects, new energy vehicle R & D projects, to supplement working capital and repay bank borrowings. December 23 evening announcement,the company apply for non-public offering of A shares reviewed by the Commission.According to previously announced plans, iron lithium-ion battery expansion project plans to invest 6 billion yuan fund-raising; new energy vehicle R & D projects to be invested 5 billion yuan fund-raising; 4 billion yuan to supplement working capital and repay bank borrowings.

According to previously announced plans, iron lithium-ion battery expansion project plans to invest 6 billion yuan fund-raising; new energy vehicle R & D projects to be invested 5 billion yuan fund-raising; 4 billion yuan to supplement working capital and repay bank borrowings.

BYD said that after the non-public offering is completed and the implementation of investment projects, the company's lithium-ion battery production capacity will expand rapidly, to better meet the needs of new energy automobile production; the implementation of new energy vehicle R & D projects, the company will be beneficial to the development of subsequent models, to enhance the company's competitiveness and sustainable development.Suzhou shengteng Electronic Co.,Ltd also development the high current probe for lithium-ion battery .