Sichuan Haowu Electromechanical (SHE:000757) plans to construct a crankshaft production line for 200 million yuan, according to a Shenzhen Stock Exchange disclosure on Thursday.
The plant will produce 600,000 units for new energy vehicles every year.
The construction and investment will be made through the Chinese vehicle parts manufacturer's subsidiary, Neijiang Jinhong Crankshaft.
The company's shares jumped 10% in recent trade.
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