New Ryoma gets approval for minibus and engine project
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The National Development and Reform Commission recently approved the production of minibuses and engines for the new Ryoma Group's cross-product category, marking the end of the history of Fujian's inability to produce automotive engines.
In the approval, the new Ryoma project identified the construction of a new mini-car stamping, welding, painting, assembly shop and production line for the mini-car, new engine blocks, cylinder heads, crankshafts, assembly workshops and production lines, construction of distribution centers and other related facilities and auxiliary facilities, and purchase process tests. equipment.
The new Ryoma project is located in Yongding County, Longyan City. The total investment of the mini-vehicle and the engine is 356.44 million yuan, of which the construction investment is 3.331 billion yuan.
After the project is completed, it will achieve an annual output of 100,000 minibuses and 50,000 minivans, with a displacement of 1.0L and 300,000 1.25L engines.