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Brilliance China Automotive Holdings Ltd (1114.HK)

1114.HK on Hong Kong Stock

6.57HKD
15 Jan 2019
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Tue, Jul 17 2018

China's CATL to get $420 million upfront from BMW-Brilliance battery deal

SHANGHAI China's Contemporary Amperex Technology Ltd said on Tuesday it will receive a 2.8 billion yuan (£317 million) prepayment from a long-term contract to supply batteries to BMW Brilliance, a joint venture between Germany's BMW and Brilliance China Automotive Holdings . As part of the deal, BMW-Brilliance will buy 815 million yuan worth of battery related products, China's biggest lithium battery maker said.

China's CATL to get $420 million upfront from BMW-Brilliance battery deal

SHANGHAI China's Contemporary Amperex Technology Ltd said on Tuesday it will receive a 2.8 billion yuan ($419.29 million) prepayment from a long-term contract to supply batteries to BMW Brilliance, a joint venture between Germany's BMW and Brilliance China Automotive Holdings .

China's CATL to get $420 mln upfront from BMW-Brilliance battery deal

SHANGHAI, July 17 China's Contemporary Amperex Technology Ltd said on Tuesday it will receive a 2.8 billion yuan ($419.29 million) prepayment from a long-term contract to supply batteries to BMW Brilliance, a joint venture between Germany's BMW and Brilliance China Automotive Holdings.

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