On June 6, Pangda Auto andBeiqi-Foton Motor signed a framework cooperation agreement for a new EV venture, according to a d1ev.com report.
The new project will be focused on light-duty (≤10 metric tonnes) electric shipping trucks. As part of the agreement, Pangda will register a new dedicated sales company for Beiqi-Foton products. The company will be called the Pangda-Foton NEV Sales Co., Ltd.
Beiqi-Foton will authorize Pangda to sell its light-duty electric trucks in Beijing, Tianjin and Hebei.