April 5, 2017 / 10:02 AM / 4 months ago

BRIEF-Aotecar New Energy Tech's 2016 net profit up, plans property insurance firm

1 Min Read

April 5 (Reuters) - Aotecar New Energy Technology Co Ltd

* Says 2016 net profit up 99.8 percent y/y at 446.1 million yuan ($64.69 million)

* Says it plans to invest up to 180 million yuan to set up property insurance firm with partners

Source text in Chinese: bit.ly/2nWEzRXbit.ly/2oHxKE2

Further company coverage: ($1 = 6.8962 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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