Jiangling Motors additional pickup project investment
Jiangling Motors announced on the evening of December 15 that the company had planned to build 88.15 million yuan in two projects. Among them, the company will invest an additional 54 million yuan in the N350 project. The N350 is the next-generation pickup and SUV model independently developed by the company.
It is reported that this additional investment of 54 million yuan is mainly used to enhance the interior of the exquisite craft, increase the internal high mileage driving review and one-time payment of mold costs.
At the same time, the company plans to invest in the construction of an engine block smelting process of the foundry. The total investment is 34.15 million yuan.
About Jiangling Motors <br> Jiangling Motors Co., Ltd. was developed from the Jiangxi automobile factory established in 1968. After more than 40 years of development, it has become one of the largest automotive manufacturers in China and the core enterprise of the Nanchang automotive pillar industry. One of the fastest-growing companies in the domestic automotive industry and one of the best companies in economic efficiency, ranked among the top 100 Chinese listed companies for three consecutive years. In 2005, it was named the most competitive automobile listed company in China.
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