Gasgoo.com (Shanghai May 25) - Spyker and Pangda's recent agreement of cooperation has not yet gained the government's support, Caing.com reported today. The lack of a clear answer from the National Development and Reform Commission (NDRC) puts doubt on the future of the agreement.
Pangda has already begun talks with the NDRC as early as this week, company CEO Pang Qinghua confirmed. "We believe that our proposal will receive their approval," Mr. Pang said.
Pangda and Spyker have signed two agreements so far, with the intent of begin joint development in the country.
