| On the morning of March 8th, KHI-KYMCO (Changzhou) Motor Co., Ltd. jointly invested by Japanese Kawasaki Heavy Industries, Ltd. (KHI) and Taiwan Kwang Yang Motor Co., Ltd. (KYMCO) was officially established. It is said that KHI-KYMCO (Changzhou) mainly produces high-quality general motor products. Relying on rich technical strength and resources of KHI and KYMCO, KHI-KYMCO (Changzhou) will be able to produce 1 million general motors yearly and meet the annual sales target of RMB 420 million in foreign exchange. At present, the company has completed plant construction and equipment installation, which will be in full operation soon. |