--- title: "HAOWU's subsidiary plans to invest 200 million yuan to build a production line with an annual capacity of 600,000 new energy vehicle crankshafts" type: "News" locale: "en" url: "https://longbridge.com/en/news/232390407.md" description: "According to the announcement from HAOWU, the company's wholly-owned subsidiary Neijiang Jinhong Crankshaft Co., Ltd. (referred to as \"Jinhong Company\") will invest 200 million yuan of its own funds to build a crankshaft production line with an annual capacity of 600,000 units for new energy vehicles. Jinhong Company will utilize existing factory buildings and purchase 82 sets of new equipment, as well as construct two new CNC crankshaft production lines, with an expected construction period of 16 months. Once the project is completed, the company's crankshaft production capacity will be further enhanced" datetime: "2025-03-19T10:04:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/232390407.md) - [en](https://longbridge.com/en/news/232390407.md) - [zh-HK](https://longbridge.com/zh-HK/news/232390407.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/232390407.md) | [繁體中文](https://longbridge.com/zh-HK/news/232390407.md) # HAOWU's subsidiary plans to invest 200 million yuan to build a production line with an annual capacity of 600,000 new energy vehicle crankshafts According to the Zhitong Finance APP, HAOWU (000757.SZ) announced that its wholly-owned subsidiary Neijiang Jinhong Crankshaft Co., Ltd. (referred to as "Jinhong Company") will invest 200 million yuan of its own funds to build a production line for new energy vehicle crankshafts with an annual capacity of 600,000 units. Jinhong Company will utilize existing factory buildings, purchase 82 new sets of equipment, and construct two new CNC crankshaft production lines, with an expected construction period of 16 months. Once the project is completed, the company's crankshaft production capacity will be further enhanced ### Related Stocks - [HAOWU (000757.CN)](https://longbridge.com/en/quote/000757.CN.md) ## Related News & Research - [ZO Future Pivots From Birmingham Blunder To NEV Longshot](https://longbridge.com/en/news/277779734.md) - [DI Secures KRW9.6 Billion Supply Contract from Samsung](https://longbridge.com/en/news/277718753.md) - [Mahindra & Mahindra - Unit to withdraw from agricultural machinery business](https://longbridge.com/en/news/277424669.md) - [BYD to launch 2nd-gen blade battery and flash-charging tech on Mar 5](https://longbridge.com/en/news/277719748.md) - [You could be paying an extra $2,000 for home insurance every year because of this financial baggage. Here's how to fix it.](https://longbridge.com/en/news/277830564.md)