BAIC BJEV's subsidiary receives RMB154 million government NEV subsidy
2020-01-21 15:02:56 [Print]
On the evening of January 20, BAIC BJEV announced that its subsidiary BAIC New Energy Auto Changzhou Co., Ltd. recently received a government NEV subsidy of RMB154 million (USD22.36 million). This subsidy will directly offset the company's NEV subsidy receivables, won't affect its current profits and losses, and therefore will help improve its cash flow and lower capital occupation rate.
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