Group 1 - The core investment announcement involves Foton Motor and Huizhou EVE Energy Co., Ltd. establishing a joint venture named Beijing Foton EVE New Energy Technology Co., Ltd. with a registered capital of 500 million RMB [4] - Foton Motor and EVE Energy each contribute 250 million RMB, holding a 50% stake in the joint venture [4] - The investment aims to expand the new energy heavy truck business and provide diversified battery leasing solutions, supporting cost reduction in power batteries and improving profit margins for new energy heavy trucks [5] Group 2 - The board of directors unanimously approved the investment with no opposing or abstaining votes, indicating strong confidence in the venture [5] - The joint venture's board will consist of 6 directors, with each party recommending 3 members [5] - Foton Motor expects this collaboration to enhance market competitiveness of new energy heavy truck products, boost new vehicle sales, and secure core battery resources to establish a competitive advantage [5]

Core 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]