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Baoneng was not available for comment. But a source close to Chery confirmed to Chinese news website Jiemian that Baoneng will acquire the equity that Chery wants to sell. The transfer is likely to start in late November, and Baoneng has become well prepared financially, with an initial fund of 3 billion yuan already in place, said the source.
BYD Electronics (International) Co Ltd, a subsidiary of China's carmaker BYD Co Ltd, launched on April 8 its 5G strategy, as more and more mobile phone brands have released new 5G products.

Babatunde Ahonsi, representative of the UN Population Fund to China, also wishes China can have a national plan and outline on sexuality education in the near future.
BYD would bring its cutting-edge transport solutions to Brazil's third-largest city, which urgently needs adequate public transport to support its growing population, said Stella Li, senior vice president of BYD Company Limited and President of BYD Motors Inc.
Banks are the most profitable Chinese companies on the list, as profits of 10 listed Chinese banks accounted for 44 percent of the total profits of all companies from the Chinese mainland.
来源:资阳报