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

Published: Jan 23, 2018 16:59

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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.

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