Anhui Jianghuai Automobile Co, a mid-sized Chinese automaker, said yesterday it has obtained regulatory approval to invest 837 million yuan in a truck manufacturing project. Jianghuai Auto said the facility would be able to make 40,000 medium- to heavy-duty trucks a year and generate an estimated4.48 billion yuan in annual sales and 224 million yuan after-tax profit.

The company said the project would take six years to complete from the time of its launch, although it did not give a timeframe.

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