With share prices of Chinese electric vehicle manufacturer BYD Co. on the rise, the company’s total market value exceeded 1 trillion yuan (US$149 billion) June 10, marking the first time for a Chinese auto company to be ranked among the top three global auto firms in terms of market value.
The Shenzhen Ocean University construction project has been given the go-ahead by the city’s development and reform commission, Shenzhen Evening News reported yesterday.
Dapeng New District Investment Holdings said Wednesday it will cut over 11 million yuan (US$1.73 million) in rent for small and micro-sized enterprises based in the New District’s two industrial parks in a bid to support businesses affected by COVID-19.