Jiangling Motors Co., Ltd. plans to invest in N-se

2022-08-01
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Jiangling Motors plans to invest in the N-series engine project

the board of directors of Jiangling Motors approved the N-series light truck with jx493 national four engine project, with a total investment of 25.2 million yuan. In addition, the board of directors of the company that selected the preferred manufacturer of testing machine and fixture approved to increase the deposit limit in Jiangling finance and adjust the deposit balance limit of the company in Jiangling finance to no more than RMB 200million

on October 13, Jiangling Motors (000550:19.77, +0.71, ↑ 3.73%) and Jiangling B (200550) announced that the company's board of directors approved the project of N-series light trucks equipped with jx493 national four engines, although equipped with some product descriptions, with a total investment of 25.2 million yuan. This project aims to make the N-series light truck matching the jx493 engine meet the four emission requirements of 500X (500 times of the maximum input voltage of the measurable oscilloscope) set by the State Council first. It was put into operation at the beginning of 2011. The project investment is mainly used for design, sample vehicle, test and announcement fees

in addition, the board of directors of the company approved to increase the deposit limit in Jiangling Automobile Group finance company, adjust the deposit balance limit in Jiangling finance company to no more than RMB 200million and no more than 12% of the company's cash balance, and the settlement amount between the company and dealers through Jiangling finance company shall not exceed 80% of the company's total sales revenue including tax in the same period

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