On February 21, with joint investments from BAIC Foton Automobile Co., Ltd. (2.0352 billion RMB) and Beijing Public Transport Co., Ltd. (0.2 billion RMB), Beijing Foton AUV New Energy Automobile Co., Ltd. was established with a registered capital of 2.23652 billion RMB.
 
According to sources, Beijing Foton AUV New Energy Automobile Co., Ltd. is specialized in developing and marketing new energy automobiles, auto engines, auto spare parts, computer software, providing technological services, technology transfer, technological consulting, importing & exporting high technologies, and merchandise.
 
By pooling the best resources, BAIC Foton and Beijing Public Transport seek to further deepen their cooperation in the future.