Samsung Electronics buys $450m stake in Chinese electric car firm BYD

Samsung Electronics buys $450m stake in Chinese electric car firm BYD

A worker works on a Samsung outdoor advertisement installed atop an office building in central Seoul March 23, 2015. REUTERS/Kim Hong-Ji

Samsung Electronics is to pay 3 billion yuan ($450 million) for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd, the Chinese company said in a stock exchange filing on Thursday.

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