Biyadi opens up endowment the nearly 200 million abb in buying Ning Bo

October 11, 2008

Report from our correspondent (reporter Yang Kairan) yesterday, biyadi announces, successful already denounce endowment the nearly 200 million abb in buying Ning Bo, buy through this, with one action obtains Biyadi the ability of research and development of electric machinery of electric car drive and productivity.

This is the brushstroke after Biyadi obtains banner of Ba Fei spy to issue Sino-US the sources of energy to make an appointment with 1.8 billion HK dollar to become a shareholder buy. The data shows, first semiconductor that the abb in Ning Bo ever was the area austral peaceful wave free tax zone before this creates a company, register capital 100 million dollar, fixed position is made at 6 inches of chip with the service, hind because capital deficit is helpless,go bankrupt.

Xia Zhibing of general manager of car sale company expresses Biyadi, be being bought this is Biyadi integrated industry catenary, quantity of implementation report motor-car is produced change, the important step in commercializing a process, also be project of motor-car of near future report timely carry fast concentration is reflected. He expresses, buy through this, with one action had Biyadi the ability of research and development of electric machinery of electric car drive and productivity.

Before this, biyadi already issued double standard external electric car, but by force of cost reason, have not realize a quantity to produce.

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