Jianghuai Automobile announced today that the board of directors has reviewed and passed a proposal on the establishment of a Shandong branch of a commercial vehicle and investment in a light-duty truck project. According to the plan, Jianghuai Automobile will invest more than 400 million yuan to build the Qingzhou branch and build 100,000 light trucks. The construction period of the project will be two years.
Huachuang Securities analyst Gao Li believes that the addition of 100,000 light trucks to build capacity will help bring JAC 's traditional advantages in the light truck industry into play, expand its market share, and steadily increase its light truck business profits.
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