Report: China’s largest electric vehicle producer to list in $4.5 billion deal

Published: Jan 23, 2018 16:59

Save

China’s largest electric vehicle producer BAIC BJEV will be listed via asset swap with an estimated market value of 28.8 billion yuan, according to Bloomberg report.

The state-owned company has almost doubled its sales last year to 103,199 units of electric vehicles. Its market share in China also rose to 23% in 2017, from 15% in 2016.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

new-energy vehicle sales output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

Vizsla Copper Corp. Announced Expansion of Drilling at the Poplar Copper-Molybdenum Project in British Columbia

11 hours ago

Cost Support Strengthened, Rutile Titanium Dioxide Rose Slightly — SMM Titanium Spot Cargo Express

[SMM Titanium Spot Daily: Cost Support Strengthens, Rutile Titanium Dioxide Prices Rise Slightly] On April 7, titanium dioxide market prices rose slightly. High sulphuric acid prices coupled with expectations of supply tightening supported titanium dioxide prices. Enterprises operated at high rates, but demand was mediocre. Domestic trade was driven mainly by rigid demand, while export trade was divergent. In the short term, prices are expected to hold up well, but further rises depend on demand improvement.

11 hours ago

13 hours ago

On April 7, a mine in Jiangxi province sold molybdenum concentrate at 4,525 yuan/mtu.

[Molybdenum Concentrate Transaction Information] SMM April 7: On April 7, a mine in Jiangxi sold 40%-45% grade molybdenum concentrates (average copper 2.101%, average phosphorus 0.072%) at a transaction price of 4,525 yuan/mtu, with a bidding floor price of 4,430 yuan/mtu, 35% cash and 65% bank acceptance, volume to be tallied.

13 hours ago