Ferrari inks non-binding agreement for China theme park
[MILAN] Italian luxury maker Ferrari said on Thursday it had signed a non-binding agreement for the licensing of the design, construction and operation of a new theme park in a primary city in mainland China.
The memorandum of understanding was inked with Beijing Automotive Group and BAIC Eternaland Property, the maker of sportscars bearing the prancing horse logo, Ferrari said in a statement.
The project would mark Ferrari's third themed park in the world, following one in Abu Dhabi and another due to open in Spain next year.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Geely, Foretellix partner to jump-start self driving car development
Ferrari posts underwhelming earnings amid flat deliveries
Tesla’s China-made EV sales fall 18% y/y in April
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%