To optimize the production capacity layout of the company's automotive aluminum alloy wheels and meet customer demand, Anhui Jinfei Automotive Parts Co., Ltd., a wholly-owned subsidiary of the company, plans to invest in the construction project of "annual production of 1.2 million automotive aluminum alloy wheels" in Yushan District, Lu'an City, Anhui Province, with a total investment of approximately 312 million yuan, all of which will be self-raised funds. Jinfei Kaida Company stated that this move is in line with industry development trends and the company's strategic planning.
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