NewsFlash / Cobalt & Lithium / Foton Motor to Invest 250M Yuan in Joint Venture with EVE for New Energy Heavy-Duty Truck Business
Foton Motor to Invest 250M Yuan in Joint Venture with EVE for New Energy Heavy-Duty Truck Business
iconMay 30, 2025 17:48
Source:SMM
[Foton Motor: Plans to Invest 250 Million Yuan with EVE to Establish a Joint Venture, Expanding New Energy Heavy-duty Truck Business] Foton Motor announced in the evening of May 26 that in order to expand its new energy heavy-duty truck business, provide customers with diversified battery leasing solutions, support cost reduction of power batteries, and improve the profit margin of new energy heavy-duty trucks, the company plans to jointly invest with EVE to establish a joint venture. The registered capital of the joint venture is 500 million yuan, of which the company will invest 250 million yuan with its own funds, holding a 50% stake.

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