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BYD signed a strategic cooperation agreement with Shenzhen to invest RMB 5 billion ($770 million) in a parts factory for R&D and production of auto parts and related industries. The plant will cover nearly one square kilometer, built in two phases, with an annual output value of about RMB 10 billion.
“BYD and the southern Chinese megacity of Shenzhen signed a strategic cooperation agreement Friday to invest RMB 5 billion ($770 million) in a parts factory.”cnevpost.com
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