On the morning of May 16th, the Green Engine Project of Dynamax Group, with a total investment of RMB 1 billion yuan, was officially commenced.
The company is located inside Zhonglou Economic Development Zone and is specialized in producing new-type green engines. Dynamax will invest RMB 300 million yuan in the first-phase project (to be completed and put into production within this year), expecting an annual capacity of 10,000 sets of green engines and output value of RMB 1.5 billion yuan. It is planning to make a total investment of RMB 1 billion yuan in five years, looking for an annual output value of RMB 5 billion yuan in future.
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