Samsung Electronics buys $450 million stake in Chinese electric car firm BYD

Samsung Electronics buys $450 million stake in Chinese electric car firm BYD

7:17 AM
BEIJING (Reuters) - Samsung Electronics is to pay 3 billion yuan ($450 million) for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd , the Chinese company said in a stock exchange filing on Thursday.


from Reuters: Technology News http://ift.tt/2ab1Wle
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