Foton Motor Invests 500 Million Yuan in Automotive Industry Fund to Bolster Supply Chain Stability and Cost Management
6 day ago / Read about 0 minute
Author:小编   

On July 9, Foton Motor unveiled its intention to allocate 500 million yuan of its internal funds to acquire shares in the Beijing Anpeng Scientific and Technological Innovation Automotive Industry Investment Fund, thereby becoming a limited partner. This move had already received the board of directors' prior approval. The primary objective of this investment is to fortify the stability of Foton Motor's supply chain and enhance its cost management capabilities. The fund, established collaboratively by BAIC Group, BAIC Capital, and Shenzhen Anpeng, concentrates on investments in clean energy, intelligent connected vehicles, and other automotive-related sectors and adjacent fields. This strategic alignment with Foton Motor's development plan will foster stronger industrial chain collaboration and elevate overall competitiveness.