Business Activities News
- Jianghuai to invest in vehicle projects
Date: 13-Sep-2007 Sources: (Shenzhen Daily)
ANHUI Jianghuai Automobile Co., a mid-sized automaker, said yesterday it plans to invest 476.08 million yuan (US$63.3 million) in new vehicle projects.
Jianghuai, based in the eastern province of Anhui, will spend 236.92 million yuan to upgrade its second-generation Refine multipurpose vehicle, one of China's best-selling MPV models. The remainder will be invested in four other vehicle or parts projects including 133.06 million yuan to boost is research and development capability, it said in a statement.
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