news flash·2025-05-26 10:08Core Viewpoint - Foton Motor (600166) plans to establish a joint venture with Huizhou EVE Energy (300014) to expand its new energy heavy truck business and provide battery leasing solutions [1] Group 1: Joint Venture Details - The joint venture, named Beijing Foton EVE New Energy Technology Co., Ltd., will have a registered capital of 500 million yuan, with both companies contributing 250 million yuan each, resulting in a 50% ownership stake for each [1] - The investment does not constitute a related party transaction or a major asset restructuring, and does not require approval from the shareholders' meeting [1] Group 2: Business Focus - The joint venture aims to support cost reduction in power batteries and improve the profit margins of new energy heavy trucks [1]