TU-TESL

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On October 17, in response to the news that the automobile will receive 1.5 billion yuan of capital from Jinhua Municipal government, the reporter of Beijing News asked Zhongtai automobile official for confirmation. Xu Hongfei, general manager of Zhongtai automobile brand department, said: "everything is subject to the announcement." According to the information that the Jinhua Municipal government invested Zhongtai automobile, the 1.5 billion yuan fund obtained by Zhongtai automobile will be used in the fields of new model production, new product research and development, core technology research and development of Zhongtai automobile. In fact, there were also reports that the state owned assets supervision and Administration Commission of Jinhua City planned to invest 1.5-2 billion yuan in Zhongtai automobile before, but Zhongtai automobile and Jinhua Municipal government did not comment. On October 12, the Board Secretary of Zhongtai automobile said on the interactive platform of investors that the Bank of China, China Construction Bank and Yongkang rural commercial bank had jointly issued a capital loan of 3 billion yuan to Zhongtai automobile in September, led by Zheshang Bank.