Foton Motor to Sell 378 Miyun Plant Assets to BAIC BJEV Beijing Branch for RMB 1.516 Billion
Foton Motor (600166) announced on September 11, 2026 that it plans to transfer assets related to its Miyun plant to the Beijing branch of Beijing Electric Vehicle Co. , Ltd. (BAIC BJEV Beijing Branch), a related party, by way of a non-public agreement.
The transferred assets comprise land-use rights, factory buildings, machinery and equipment, and facilities at the Miyun plant, totaling 378 items. The transaction price is RMB 1.516 billion, including tax.
The transaction constitutes a related-party transaction. It has been approved by the board of directors and remains subject to approval by the shareholders' meeting.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is mixed for Conventional Vehicles, with intensity 40/100 and 60% confidence over a short term horizon.
Conventional Vehicles
- Direction
- mixed
- Intensity
- 40
- Confidence
- 60%
- Horizon
- Short term
New Energy Vehicles
- Direction
- positive
- Intensity
- 35
- Confidence
- 55%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.