News : China Yaxing Bus Invest Four million CNY to Subsidize R&D of New Energy Bus

http://www.gochinaauto.com/modules/news/article.php?storyid=4561

GoChinaAuto.com-On July the controlling shareholder of Yangzhou Yaxing Bus Co., Ltd., Jiangsu Yaxing Bus Group Co., Ltd. signed an agreement with Yangzhou Yaxing Bus Co., Ltd., in which Jiangsu Yaxing Bus Group Co., Ltd. will one-time invest four million CNY for Yangzhou Yaxing Bus Co., Ltd. to subsidize the research and development of new energy bus to support improving Yaxing Bus's new energy bus technologies and implementing the further research and development program.