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Foton plans to spend 109 million yuan to acquire engine assets

Source: Internet
Author: User
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NetEase Financial December 10, Fukuda car evening announcement, the company intends to purchase Beijing Futian Environmental Protection Power Co., Ltd. AO Ring engine and foundry business related assets, at the same time to undertake the purchase of assets corresponding to the liabilities. The company said that through the integration of engine supporting resources to improve the overall vehicle powertrain management efficiency and reduce management costs, while reducing the purchase of core components of the additional transaction costs, thereby increasing the return on investment of the vehicle.

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