CALT deepens strategic cooperation with Brilliance BMW
2018-07-18 18:09:31 [Print]
CALT announced on the noon of July 17 that in order to deepen cooperation, Brilliance BMW plans to purchase battery production lines and power battery products from the company, which established long-term strategic cooperative relations with Brilliance BMW.
First, in order to guarantee the capacity of products for long-term supply, Brilliance BMW will purchase the battery capacity construction project from the company with RMB815 million. The project will be used to produce and supply specified products for BMW brilliance or its designated affiliates . Second, BMW brilliance will purchase the specified type of power battery products from the company for a long time, with the initial advance payment of RMB2 . 8525 billion . Third, the company agreed that during the subsequent implementation of domestic or overseas equity financing, Brilliance BMW shall have the right to invest in the company through equity with maximum capital of RMB2 . 8525.
First, in order to guarantee the capacity of products for long-term supply, Brilliance BMW will purchase the battery capacity construction project from the company with RMB815 million. The project will be used to produce and supply specified products for BMW brilliance or its designated affiliates . Second, BMW brilliance will purchase the specified type of power battery products from the company for a long time, with the initial advance payment of RMB2 . 8525 billion . Third, the company agreed that during the subsequent implementation of domestic or overseas equity financing, Brilliance BMW shall have the right to invest in the company through equity with maximum capital of RMB2 . 8525.