FAW Car co., Ltd. (000800.SZ) announced late Wednesday that the company mulled to build FAW Car D181 product and technology reconstruction project based on existing project facilities and achieve output capacity of 100,000 units per year.
With total investment estimated at 368.45 million yuan, the company would construct and reconstruct relevant equipments and facilities with the construction period expected to be 24 months, according to a filing with the Shenzhen Stock Exchange.
Payback period would be 7.52 years after tax with internal rate of return expected to be 15.96 percent.
The project could help the company increase market share by expanding into small SUV market, the company said.
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