Yunnei Dynamics plans to raise 745 million yuan to build an environmentally friendly engine for commercial vehicles
Recently, Yunnei Power announced that the company intends to issue no more than 174 million shares at no less than RMB 4.28 per share to specified investors, including Yunnan Combustion Engine Plant, a controlling shareholder. The total amount raised will not exceed RMB 745 million, all of which will be used for environmental protection. High-efficiency light commercial vehicle engine industrialization construction project, the project's total investment is expected to be 898 million yuan. Yunnei Power is one of the largest manufacturers of multi-cylinder and small-diameter diesel engines in China. The diesel engines currently produced are mainly used for medium and light trucks, construction machinery, agricultural machinery, and light passenger cars. The use of diesel engines in the passenger car market has not yet been popularized, but the company has Forming a good technical reserve and possessing independent intellectual property rights, in recent years, with the growing enthusiasm for energy saving and emission reduction in the automotive industry, passenger car diesel engines have become one of the alternative energy alternatives due to its 30% energy saving efficiency, and have been affected by the industry. Strong support for the policy, and the company will be the biggest beneficiary. This investment signifies that the company's passenger diesel engine will formally enter the market on a large scale, and the company’s technological advantages will gradually be transformed into profitability, which will have a significant impact on the company’s main business structure. zhangjiagang sevenstars machinery co.,ltd , https://www.sevenstars-machineries.com