Foton Motor and EVE to Jointly Invest 500M Yuan in New Energy Tech Venture

Published: Jun 5, 2025 10:55

Save

[Foton Motor: Plans to Jointly Invest 500 Million Yuan with EVE to Establish a New Energy Technology Company] Recently, Foton Motor announced that in order to expand its new energy heavy-duty truck business and provide customers with diversified battery leasing solutions, the company plans to jointly invest with EVE Energy Co., Ltd. to establish Beijing Foton EVE New Energy Technology Co., Ltd., with a registered capital of 500 million yuan. Among this, Foton Motor will contribute 250 million yuan, holding a 50% stake, with the funds sourced from the company's own capital. By establishing a joint venture, both parties will jointly explore the market, meeting users' diversified battery leasing needs. This will enhance the market competitiveness of the company's new energy heavy-duty truck business products, promote new vehicle sales, and improve the company's profitability in the new energy heavy-duty truck sector.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

Solid-State Battery Monthly (May 2026): Semi-Solid EVs Launch, All-Solid Targets $0.15/Wh

Industrialization accelerated sharply in May: SAIC MG 4X launched with a semi-solid battery (53.9kWh, 510km range). Gotion Hi-Tech unveiled its “Jinshi” all-solid-state battery (400Wh/kg) aiming for 1 yuan/Wh cost by 2030. Qingtao Energy’s 5-billion-yuan, 20GWh project advanced. MIIT started solid-state battery standards.

5 hours ago

17 hours ago

April Battery Materials Import and Export Data Released: Spodumene and Lithium Carbonate Imports Both Increased YoY, How Did Other Segments Perform [SMM Special Report]

17 hours ago

Cobalt Products Prices Mostly Declined, Cobalt Salt Market Showed Mediocre Performance Overall — Where Is the Price Turning Point? [Weekly Review]

17 hours ago