Foton Motors (600166.SH) plans to invest 500 million yuan in the Beijing Anpeng Science and Technology Automobile Industry Investment Fund.

Zhifu Finance News App, Foton Motor (600166.SH) announced that the company plans to subscribe for 500 million yuan in shares of the Beijing Anpeng Innovation Automobile Industry Investment Fund (limited partnership) with its own funds, becoming a limited partner of the partnership enterprise. The partnership enterprise will focus on investing in the automotive industry related to the upstream and downstream industries, with a focus on clean energy, intelligent network connection, high-end equipment manufacturing, new materials and other automotive-related industries and extended fields.