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6 months ago
BRIEF-China state planner approves two car companies to invest $895.8 mln in new energy vehicle projects
February 7, 2017 / 6:55 AM / 6 months ago

BRIEF-China state planner approves two car companies to invest $895.8 mln in new energy vehicle projects

Feb 7 (Reuters) - China's state planner gives approval to two domestic car companies to invest 6.16 billion yuan ($895.8 million) in new energy vehicle projects.

* It gave approval to Guoneng New Energy Automobile Corp in Tianjin to invest 4.27 billion yuan to build 50,000 green energy cars every year.

* It also gave approval to a Fujian Motor Industry Group unit to invest 1.89 billion yuan to build 65,000 green energy cars per year. ($1 = 6.8768 Chinese yuan) (Reporting by Beijing Monitoring Desk)

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