Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
R & D
 Search News  Or
Zhengzhou Yutong Bus to spend RMB 1.43 bln on new-energy vehicles

Jun. 4, 2012 (China Knowledge) - Zhengzhou Yutong Bus Co Ltd<600066>, a coach manufacturer and seller based in Zhengzhou, capital of Henan Province, has announced plans to invest around RMB 1.43 billion in technology upgrading, in a bid to increase its output capacity of new-energy vehicles.

In a statement filed with the Shanghai Stock Exchange, the company said the expansion plans are expected to add an annual output capacity of 20,000 new-energy vehicles, with proposed production base covering a land area of about 817 mu. The firm's current annual capacity is approximately 10,000 units.

The plans, however, is still subject to approvals from regulators.

Last month, the coach supplier produced 3,689 and sold 3,870 vehicles. For the first five months of 2012, Zhengzhou Yutong Bus's vehicle output grew 31.11% YoY to 17,600 units, while its auto sales totaled 17,500 units, up 22.25% from a year earlier.

Net profit earned by the company reached RMB 241 million in the first quarter of this year, up 36% YoY, and the firm's operating revenue for the period increased 33% YoY to RMB 3.97 billion.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved