Foton to guarantee $9.9bn in debt for affiliates

Beiqi Foton Motor (SSE:600166) plans to extend guarantees to related parties for the 2025 fiscal year, as part of a strategy to support its finance arms and overall sales efforts. According to filings, Foton intends to provide guarantees of up to RMB 7.12 billion (USD 983 million) to Beijing Anpeng Zhongrong Automotive New Retail Technology and its subsidiaries, covering financing activities and potential litigation. These subsidiaries, while technically related parties, are key to Foton's sales and supply chain initiatives.