Foton Motor approves massive guarantee expansion to 89.4 billion yuan

Foton Motor's board approved expanding guarantees for related entities to 89.4 billion yuan for 2025, up from previous levels with a maximum outstanding balance of 68.1 billion yuan.

The company also greenlit 334.77 million yuan in related-party transactions with a technology subsidiary covering goods and services sales.

Shareholders will vote on the expanded guarantee plan at an extraordinary meeting scheduled for July 30, 2025, given the significant financial exposure involved.