FAW car to invest 1.6 billion investment engine project

NetEase Financial October 28 News FAW car Evening announcement, to invest in the implementation of independent engine 4GB project, the total investment of 1.597 billion yuan.　　The announcement indicated that the investment project includes the new 4GB engine Joint workshop and the Common Power facility, the new engine cylinder body, the cylinder head, the crankshaft, the connecting rod production line and the engine assembly Test line, the company has the annual output 4GB engine 200,000 units production capacity.　　The company said that the implementation of the project can broaden the company's engine product pedigree, rich model Series, to help develop new customer groups, expand the target market coverage, increase market share, the company to form a scale effect.　　FAW sedan at the same time issued three quarterly, the company's first three quarters to achieve total operating income of 26.826 billion, an increase of 40.31%, attributable to the listed company's shareholders net profit of 1.641 billion, the year-on-year increase of 82.57%, the basic earnings per share 1.0089 yuan, increase 82.57%. The FAW car closed at 20.53 Yuan today, down 1.49%.