Recently, Beiqi Foton Motor Co.Ltd(600166) issued an announcement to disclose the plan for non-public offering of A-Shares in 2022. The controlling shareholder of the company, BAIC Motor Corporation Limited, will invest 3 billion yuan to participate in the non-public offering exclusively. The price of this non-public offering is 2.10 yuan / share, and the number of shares issued is 142900, accounting for 21.73% of the total share capital of the company before the issuance. The total amount of funds raised is nearly 3 billion yuan. The controlling shareholder BAIC group will fully subscribe for the shares of this non-public offering with its own funds or self raised funds.
Beiqi Foton Motor Co.Ltd(600166) was founded in 1996. It is a state-owned listed company in Beijing with cross regional, cross industry and cross ownership. It took 25 years to take the lead in realizing a commercial vehicle enterprise with a sales volume of more than 10 million vehicles, with a brand value of 180836 billion yuan.
Beiqi Foton Motor Co.Ltd(600166) as an independent leading brand of commercial vehicles in China, it continues to carry out scientific and technological innovation and has always been a pioneer in the development of new energy and new technology. It is reported that as early as 2003, Beiqi Foton Motor Co.Ltd(600166) began to focus on the development of new energy, committed to promoting the industrialization of new energy vehicles, actively participated in the formulation of industrial policies and standards, and fully cooperated with the government to carry out the demonstration operation of new energy vehicles. In particular, in the field of hydrogen fuel cell commercial vehicles, it has repeatedly broken the bottleneck and made significant achievements for many times: the first to realize the closed loop of key projects of the National 863 plan and complete the R & D and manufacturing of hydrogen fuel cell buses; The first to sign the world’s largest batch of hydrogen fuel cell bus orders; Hydrogen energy products have been fully verified and tested by the market, with the cumulative operating mileage ranking first in China, and won the first prize of scientific and technological progress of China’s automobile industry; In August 2021, the commissioning ceremony of the first hydrogenation station built in cooperation with Petrochina Company Limited(601857) was held in Changping, Beijing; In March 2022, the country’s first liquid hydrogen heavy truck product jointly built by a number of China’s top scientific research institutions and high-tech enterprises appeared in the China electric vehicle hundred people’s Association. For Beiqi Foton Motor Co.Ltd(600166) , these are not only the starting point of the construction of hydrogen energy industry base, but also a new node to effectively promote the development of hydrogen energy industry in Beijing and even the whole country.
Beiqi Foton Motor Co.Ltd(600166) as a leading commercial vehicle enterprise in Beijing’s high-end manufacturing industry, it shows the industry leadership of local vehicle enterprises in the capital, and has shouldered the service guarantee task of national grand events for many times. The company said that during the just concluded Beijing winter (Paralympic) Olympic Games, Beiqi Foton Motor Co.Ltd(600166) sent more than 1600 innovative scientific and technological products to participate in the transportation services of the Winter Olympic Games, of which 1223 Futian OUHUI buses were used as the ferry service buses of the Winter Olympic Games, with a total of 180000 trips; In particular, 515 hydrogen fuel buses, accounting for 63% of the application of hydrogen fuel buses in the Winter Olympic Games, set a record of the largest scale and the largest number of models of hydrogen fuel buses serving international sports events in history. In addition, hundreds of smart blue hydrogen fuel refrigerated trucks and pure electric trucks providing transportation services for food and vegetables required for the Winter Olympic Games, Beiqi Foton Motor Co.Ltd(600166) not only continued its glorious tradition of “there must be Fukuda for grand events”, It also shows the scientific and technological strength and green style of China’s automobile industry to the world through green scientific and technological products. On March 17, Beiqi Foton Motor Co.Ltd(600166) received a letter of thanks from the Organizing Committee of Beijing 2022 winter (Paralympic) Olympic Games, which expressed heartfelt thanks to Beiqi Foton Motor Co.Ltd(600166) all winter Olympic service personnel, and hoped that the company would strive for excellence, move forward bravely, and forge ahead with high standards, strict requirements and high-quality domestic independent brand buses as the basis to forge ahead into a new journey and contribute to a new era.
Industry analysts said that BAIC group once participated in Beiqi Foton Motor Co.Ltd(600166) non-public offering in 2012, with a subscription amount of 1.6 billion yuan. After the fixed increase, Beiqi Foton Motor Co.Ltd(600166) operating revenue continued to grow, and the production and sales of complete vehicles continued to lead the commercial vehicle industry. This year is the second time BAIC group has participated in the non-public offering, with an exclusive subscription of 3 billion yuan, which will inject a booster into Beiqi Foton Motor Co.Ltd(600166) continuing to focus on the business development of commercial vehicle owner business, help the company continue to carry out strategic layout and product reserve for the new energy and intelligent technology update and structural upgrading of commercial vehicles, and further enhance the core competitiveness and comprehensive strength of the company. (Li Gongsheng)
