China’s largest bus manufacturer, Henan Yutong Bus Co., Ltd. recently launched a plan to build a new 20,000 passenger car production line. After completion, production capacity will increase by 70%, and the total output will reach 50,000 vehicles per year. Reports, land acquisitions, and environmental impact assessments are on-going. Advancing.
It is reported that according to the plan, Yutong Bus will newly acquire 140.92 hectares of land in the northeast of the old factory area of ​​Shibalihe in Zhengzhou City, and connect with the old factory area, and build a project with an annual output of 20,000 passenger cars. The products mainly include upscale tourism. Cars, high-grade highway buses and city buses and other five varieties.
According to the financial report of Yutong Bus , the company produced a total of 28,625 large and medium-sized passenger vehicles in 2009, an increase of 6.45% over the previous year. If the new production line is completed, Yutong Bus will increase its production capacity by 70% and the total production capacity will reach 50,000 vehicles per year. By then, Yutong Bus will put several major competitors, such as Yaxing Bus and Ankai Bus, far behind and continue to lead domestic passenger cars.
In order to be able to complete the project as soon as possible, the 12th meeting of the 6th board of directors of Yutong Bus has passed the project construction plan unanimously, but the details are unknown. How will the new project construction fund be raised? When will the project be completed? Yutong Bus Securities Affairs said that the project has been under planning for a long time and has been reported to the NDRC for approval. Before the company received official approval, it was unable to disclose more detailed data.
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