Great Wall Motor to invest CNY 1 billion insubsidiaries

Date:2011-11-10litingting  Text Size:

China Knowledge reported that Great Wall Motor Co Ltd one of the leading mainland makers of sport utility vehicles and pick up trucks has plans to invest a total of CNY 1.47 billion in two subsidiaries for output expansion.

According to the plan, the auto manufacturer will inject CNY 412 million into Baoding Great Wall ICE Manufacture Co Ltd to produce 100,000 GW4D20-diesel engines per year. The target firm's registered capital will increase to CNY 453 million.

The remaining CNY 1.06 billion will be used to invest in Tianjin Boxin Auto Parts to add an annual output capacity of 400,000 external auto parts and 400,000 interior accessories in a bid to increase the Tianjin firm registered capital to CNY 1.78 billion.

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