Foton Motor Receives RMB 124 Million in Subsidies for Boosting New Energy Vehicle Adoption
2025-05-21 / Read about 0 minute
Author:小编   

Foton Motor has recently announced the receipt of RMB 124 million in central subsidies from the Beijing Municipal Finance Bureau, aimed at promoting the adoption of new energy vehicles. This subsidy will directly alleviate the company's outstanding receivables related to new energy subsidies, ensuring no immediate impact on current profits. However, it does contribute positively to enhancing the company's cash flow and mitigating capital constraints.