February 26, 2018 / 7:22 AM / 10 months ago

BRIEF-Vestel Elektronik Says Zorlu Holding Signs Pre-Contract Worth $4.50 Bln With Chinese GSR Capital

Feb 26 (Reuters) - Vestel Elektronik:

* CONTROLLING SHAREHOLDER ZORLU HOLDING SIGNS PRE-CONTRACT WORTH $4.5 BILLION WITH CHINESE GSR CAPITAL

* PLANS TO SET UP ELECTRICAL CAR AND BATTERY FACTORY WITH GSR CAPITAL AT 50 PERCENT-50 PERCENT PARTNERSHIP

* START TO SET UP BATTERY ASSEMBLY AND PACKING FACILITY WITH 2,000 MW CAPACITY WITHIN 2018

* PLANS TO COMPLETE FULL SCALE BATTERY PRODUCTION FACTORY WORTH $2.50 BILLION UNTIL 2023 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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