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BRIEF-China approves electric vehicle project worth 881.2 million yuan
March 1, 2017 / 9:59 AM / 9 months ago

BRIEF-China approves electric vehicle project worth 881.2 million yuan

March 1 (Reuters) - China state planner National Development and Reform Commission (NDRC) says:

* Unit of Ninghai Zhidou Electric Vehicles Co Ltd, backed by China's Geely Automobile Holdings Ltd, given approval for electric vehicle manufacturing project worth 881.2 million yuan ($128 million) with annual production capacity of 40,000 vehicles Source text in Chinese: [bit.ly/2lbf952] ($1 = 6.8794 Chinese yuan renminbi) (Reporting By Beijing monitoring team and Jake Spring)

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