Beiqi Foton Motor Co.Ltd(600166) released the production and sales data express. In January 2022, the sales volume of automobile products was 41445, a year-on-year decrease of 32.15%. Among them, the sales volume of new energy vehicles was 899, with a year-on-year increase of 256.75%.
The company announced on the same day that on February 11, 2022, the company received the national new energy vehicle promotion subsidy of 48.181 million yuan transferred from Beijing Municipal Bureau of finance, which will directly offset the new energy subsidy receivable by the company, have a positive impact on the company's cash flow and reduce the occupation of funds, and will not affect the current profit.
