Edition:
India

Vestel Elektronik Says Zorlu Holding Signs Pre-Contract Worth $4.50 Bln With Chinese GSR Capital


Monday, 26 Feb 2018 

Feb 26 (Reuters) - Vestel Elektronik ::CONTROLLING SHAREHOLDER ZORLU HOLDING SIGNS PRE-CONTRACT WORTH $4.5 BILLION WITH CHINESE GSR CAPITAL.PLANS TO SET UP ELECTRICAL CAR AND BATTERY FACTORY WITH GSR CAPITAL AT 50 PERCENT-50 PERCENT PARTNERSHIP.START TO SET UP BATTERY ASSEMBLY AND PACKING FACILITY WITH 2,000 MW CAPACITY WITHIN 2018.PLANS TO COMPLETE FULL SCALE BATTERY PRODUCTION FACTORY WORTH $2.50 BILLION UNTIL 2023. 

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