JAC intends to invest 446 million yuan to implement three projects

Jianghuai Power Co., Ltd. recently announced three draft projects just approved by the Board of Directors, namely the approval of the implementation of the 2010 V348 project, the approval of the E802 engine project and the V348A4 line mold reconstruction project, with a total investment of 446 million yuan.

JAC Power stated that the 2010 V348 project is a project to upgrade the interior of the company's current Transit V348 models and adjust the seat layout to meet the higher requirements of customers. The project investment is mainly used for engineering development, purchase of molds and commissioning costs. The E802 engine project is a project to upgrade the company's existing 4JB1 engine to meet future emission requirements. The project investment is mainly used for engineering development, purchase of equipment/tooling fixtures and commissioning costs. The project will be commissioned approximately in mid-2012. The V348A4 line mold renovation project is mainly used for V348A4 line mold renovation and installation costs.

JAC's production and sales data released in March showed that the company's production and sales in March were significantly better than in February. In March this year, JAC Motor produced a total of 11,200 automobiles, an increase of 10.89% over the same period of last year; and sold 125,000 vehicles, an increase of 12.61% over the same period last year.