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BYD's new financing company gains official approval

Carmen Lee From Gasgoo.com| April 02 , 2011 05:10 BJT

Gasgoo.com (Shanghai April 1) - BYD announced that its automobile financing branch received certification from the national Banking Regulatory Commission, Beijing News reported today. The new company is now set to be established this June.

The automobile financing branch will primarily service dealer loans for BYD's vehicles, taking some of the financial pressure off of the manufacturer's dealers. It will also provide personal loan services.

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