Earlier this month, Jianghuai recalled the 2.8 billion increase it put forward in April last year for the expansion of autonomous passenger vehicles. The increase in losses did not jeopardize the enthusiasm of Jianghuai Automobile for expanding passenger cars. In recent days, the company’s shareholder meeting approved a 1.2 billion yuan passenger car construction project. If the previous increase of 2.8 billion yuan project fails, Jianghuai Automobile currently needs to raise 4 billion yuan in funds. Put into construction.

There will be 210 million yuan for the construction of a new body model fixture for the FHC7131 series. Another RMB 1 billion will be invested in the DCT project, of which RMB 800 million will be used to build 150,000 DCT automatic transmission lines and nearly RMB 200 million will be used to build 50,000 DCT shafts for subsidiaries. This is Jianghuai's further expansion plan.

In fact, JAC has already arranged a number of investments this year, mainly for passenger car projects. At the end of March, the Jianghuai Automobile Board of Directors decided to invest 50 million yuan to build a 50,000-seat six-speed passenger car transmission project. On April 18, the board of directors decided to invest about 0.2 billion yuan in building passenger car base facilities. On April 27, on the same day as the company's 2011 annual shareholders’ meeting, the board of directors resolved to pass the above-mentioned three investments of 1.2 billion yuan in passenger vehicles at one time, which was finally approved by the shareholders’ meeting in the near future.

Regarding the demand for funds of 4 billion yuan, the relevant person of the Donghua Office of the Jianghuai Automobile Group just told reporters that “4 billion yuan is not a one-time investment, and 2.8 billion yuan has already been invested in part of the earlier period, and funding needs will be gradually released. Originally, it was expected to be lower cost. The issuance of the issuance of the issuance was finally withdrawn, and it can only be achieved by relying on its own funds and bank borrowings."

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