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

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

Jan 23, 2018 16:59

Source:SMM

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.

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.

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