Foton Motor invests CNY 2.5bn in BluePark share subscription

Beiqi Foton Motor (SSE:600166) announced its intent to subscribe to shares issued to specific objects by Beijing Auto BluePark New Energy Technology Co., Ltd. The investment will not exceed CNY 2.5 billion. This move is classified as a related transaction due to Beiqi Foton Motor's parent company, Beijing Automotive Group Co., Ltd. being a controlling shareholder in both entities. BluePark intends to use proceeds for new energy vehicle development and intelligent platform initiatives. For Beiqi Foton, the investment presents an opportunity to leverage market growth in the NEV sector, optimize its business portfolio, and offset cyclical risks in the commercial vehicle market. The company's financial results for the first quarter of 2025 show a revenue of CNY 14.8 billion and a net profit of CNY 435.7 million. The BluePark share subscription awaits shareholder approval, plus regulatory clearances.