December 19, 2017 / 9:34 AM / 8 months ago

BRIEF-Zhejiang Asia-Pacific Mechanical & Electronic To Set Up Vehicles Research Institute

Dec 19 (Reuters) - Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd:

* SAYS IT PLANS TO INVEST 50 MILLION YUAN TO SET UP CHINA INTELLIGENT AND CONNECTED VEHICLES RESEARCH INSTITUTE WITH REGISTERED CAPITAL AT 1.05 BILLION YUAN ($158.99 million) Source text in Chinese: bit.ly/2CZsqD7 Further company coverage: ($1 = 6.6041 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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