Automotive Dec 24, 2020 08:09 PM (GMT+8) · EqualOcean
Weichai Power announced that the company plans to issue A-share shares in a non-public way. The total amount of funds raised by this non-public offering is expected to be no more than 13 billion yuan. After deducting the issuance expenses, it plans to invest in all the fuel cell industry chain construction projects, a full range of high-end engine projects for H platform with national six or above emission standards, large bore high-end engine industrialization projects, and a full range of hydraulic powertrain projects And large-scale CVT power assembly industrialization project and supplementary working capital.
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