Changan Car 4 billion public offering will raise capital to the main car industry

Yesterday, Changan Automobile (000625) publicly issue a A-share fund-raising program through the SFC Audit Committee.　　This indicates that China's auto brand "Boss" Changan automobile will face another significant development opportunities.　　It is understood that the public raise funds will be used for its production line expansion technology, small displacement engine industry upgrades and independent research and development capacity building three projects, the total investment of about 4.37 billion yuan, the total amount of capital raised not more than 4 billion yuan. The public offering of Changan automobile will be invested in the related projects of automobile industry, which is used to enlarge and strengthen the existing main business and enhance the sustainable development ability of the company. One of the production line capacity expansion technology project is mainly used in the production of F202, such as micro-buses, the project reached the annual production of the micro-passenger car total 220,000 units. Small displacement engine projects are mainly used to enhance the CB, CC series of engine comprehensive production capacity, up to the annual output of CC series of new engine production capacity of 120,000 units, CB series of engine comprehensive production capacity of 300,000 units. The independent research and development project mainly uses in the S5/P5 level design development ability and the related auxiliary facility construction.　　The above three projects fully up to the postpartum, the company is expected to add more business income of more than 15 billion yuan, new total profit of more than 600 million yuan, at the same time independent research and development capabilities will be greatly improved. According to the 2009 Global Auto Manufacturers ' annual ranking statistics, the international automobile manufacturer announced that Changan cars topped the list of domestic cars with 1.425 million annual output of its own brands. The same year in the National Development and Reform Commission, Ministry of Industry, Ministry of Science and Technology, such as the joint assessment of the five ministries, Changan independent research and development capacity is also ranked first in China In addition, the company in the independent brand new energy industry in the field of automotive has always been at the forefront.　　At present, has successfully developed a series of new energy vehicle products, set up a gas car, hybrid vehicles, pure electric vehicles, three major energy products platform, master the core technology of hybrid vehicle industrialization, more than 70 patents, including 18 invention patents, to achieve the domestic first-class research and development level. Changan Automobile said, this raise capital is to realize "T138 career leading plan" one of the key steps, the company will be based on independent innovation, and constantly introduce a fully independent intellectual property rights of automotive and engine products. In the field of new energy vehicles, the company plans to invest more than 1 billion yuan in the future, fully promote the development of pure electric drive car and industrialization capability. At the same time, the company will further deepen the joint venture with foreign-owned car companies, take a "from the technical and trade cooperation, to capital cooperation, and then to strategic cooperation, and ultimately to achieve independent innovation," the global Strategic development path.