Beiqi Foton’s plan to be in new battery firm boosts its shares
Shares of Beiqi Foton Motor Co jumped yesterday after the firm announced that it will be part of a new company which aims to be the nation’s biggest producer of vehicle lithium battery.
The commercial vehicle maker said it plans to invest 10 million yuan (US$1.5 million) for a 10 percent stake in the new company [...]