August 17 -- Harbin Dongan Auto Engine (600178) announced it plans to invest 531 million yuan and 156 million yuan to develop dual-variable valve timing (VVT) small-displacement vehicle engine and petrol engines, reports yicai.com, citing a company filing.

The annual capacity of the facility that produces dual-VVT small-displacement vehicle engine will be 100,000 units, while the annual capacity of the facility for small-displacement petrol engines will be 50,000 units. The two facilities are slated to be operational by 2013.

Dongan Engine also plans to invest 197 million yuan to construct a facility to make six-speed transmissions used in small-displacement passenger cars, with annual capacity of 50,000 units. The facility will be operational by 2013.

Construction on the aforementioned facilities has received the approval of the National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology (MII).