July 13 -- Anhui Jianghuai Automobile (600418) filed it is planning 420 million yuan investment together with subsidiary, JAC Xingrui Gear, reports China Securities Journal.

Xingrui Gear will spend 29.95 million yuan on a R&D capability upgrading program on DCT automatic transmissions.

JAC will spend 294.8 million yuan on auto body mold fixtures of HFC7202EF SUVs and 97.5 million yuan on auto body mold fixtures of HFC6491 light buses.

Hefei-based Jianghuai Automobile derives most of its revenues from auto sales but also relies on vehicle components.