Yinchuan Kaiwo Heavy Industrial Machinery Co., Ltd, which is a whole automobile manufacturing enterprise receiving investment from Shijiazhuang Kaiwo Heavy Industrial Machinery Co. Ltd, has been started recently. This is the second whole automobile manufacturing enterprise in Ningxia after Ningxia New Mainland Automobile Manufacturing Project was started. When it is completed and put into operation, it will fill up the blank that there is no domestic enterprise manufacturing hinge joint mine engineering van.

It is understood that the total investment in the project is RMB yuan 600 million, and the construction will be divided into three phases. After the completion of the first phase, the yearly capacity will be 300. When the second phase is completed, the annual output will be 1200, and this number will be increased to 1,500 after the third phase is completed. When it is completely established, the annual sales revenue will be RMB yuan 2.4 billion, and the net profit will be more than RMB yuan 240 million. The first part of the project is expected to be put into operation by the end of August.

Hinge joint mine engineering van is a special mine transportation equipment which has developed fast during the last two decades. At present, here is no domestic enterprise manufacturing this kind of equipment. Yinchuan Kaiwo Heavy Industrial Machinery Co., Ltd, as an enterprise manufacturing hinge joint mine engineering van, will fill up the blank in China.

The sample van, researched and developed by Shijiazhuang Kaiwo Heavy Industrial Machinery Co., Ltd, has passed the test of National Identification and Test Centre of Engineering Machinery.  It has respectively completed the reliability test and product style check in National Vehicle Test Centre and the mining area of Luoyang and Tangshan.