Gasgoo.com (Shanghai December 29) - BYD has received approval from the China Securities Regulatory Commission to publicly issue company bonds, Gasgoo.com (Chinese) reported today. The value of the bonds will not be allowed to exceed six billion yuan ($944.56m). They will be issued over time, with the value of the first bunch of bonds to not exceed 50 percent of the total value of all bonds issued.

BYD has appeared in the media very often of late, with news that the manufacturer has begun construction on a new crash test center in Shenzhen, Guangdong.