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As part of its plan to further improve its market position, BYD is now in the process of building a joint venture with Guoxuan High-tech Power Energy Co, a battery-maker in Anhui province.
As per CNBC, the survey findings come as TikTok's Beijing-based parent company, ByteDance, is nearing an agreement to sell its US, Canadian, Australian and New Zealand operations in a deal likely to be in the to billion range, according to sources.
As of the end of last year, outstanding local government debts stood at 18.39 trillion yuan (.74 trillion), up by 11.4 percent from a year earlier. That accounts for 55.14 percent of all government debt, according to the Ministry of Finance.
As of Thursday, shares of 32 local SOEs listed on the country's two major exchanges remained suspended as the companies prepared for "major assets restructuring" and other key events.
As of March 23, 13,155 such enterprises in Hubei had resumed work, with 1.71 million employees having returned to their posts, accounting for 60.3 percent of the total.
