Jianghuai Automobile announced on the evening of the 11th that the company will invest in new models such as Ruifeng M4, Ruifeng S7 and new generation heavy truck N221 with its own funds, with a total investment of about 440 million yuan.
According to reports, Ruifeng M4 is a replacement product for Laoruifeng. The company will use the original stamping, welding, painting, final assembly and other production workshops and public facilities of the first plant of the passenger car, and add new production equipment such as stamping die inspection tools and welding hairline lines to adapt the corresponding production lines. The investment in fixed assets of the project is about 135.35 million yuan.
The Ruifeng S7 is a newly designed mid- to high-end urban SUV to expand the comprehensive competitiveness of JAC in the SUV segment. The company will use the original stamping, welding, painting, assembly production workshops and public facilities of the second passenger car, and add new production facilities such as stamping die inspection tools and welding fixtures to adapt the production line. The investment in fixed assets of the project is about 168.27 million yuan.
In order to further strengthen the brand of the trucks of the Geerfa heavy truck and improve the spectrum of heavy truck products, the company will invest in the new generation of high-end heavy-duty truck N221 project with its own funds, and use the original workshops of stamping, welding, painting and final assembly of heavy commercial vehicle companies. And public facilities, new stamping die inspection tools, welding fixtures, adapt to the original production line. The fixed assets investment of the project is about 137.96 million yuan.
In addition, Jianghuai Automobile will set up a branch in Suining City, Sichuan Province.
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