Foton Motor Receives 116 Million Yuan in NEV Promotion Subsidies

MT Newswires Live

2025/02/21

Beiqi Foton Motor (SHA:600166) received 115.7 million yuan in new energy vehicle promotion subsidies from the Beijing Municipal Finance Bureau.

The subsidy, allocated under the Ministry of Finance's 2025 energy conservation and emission reduction subsidy budget, covers NEV subsidy funds already promoted but not yet settled.

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