Apollo Future Mobility Forms RMB100 Million Ningbo EV Joint Venture

Reuters02-24

<a href="https://laohu8.com/S/ALFMF">Apollo Future Mobility</a> Forms RMB100 Million Ningbo EV Joint Venture

Apollo Future Mobility Group Limited said its wholly owned subsidiary AFM Ningbo has entered into a joint venture agreement with Ningbo Xingtongda Co., Ltd. and Hangzhou Furui Technology Partnership (Limited Partnership) to establish a new PRC joint venture company in Ningbo with registered capital of RMB100 million. AFM Ningbo will contribute RMB50 million for a 50% stake, while the partners will contribute RMB45 million and RMB5 million, and the venture will focus on new energy vehicle sales, auto parts R&D and manufacturing, and EV charger sales. Apollo said it will consolidate the JV as a subsidiary and expects all parties to pay in cash by 30 June 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apollo Future Mobility Group Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260224-12028860), on February 24, 2026, and is solely responsible for the information contained therein.

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Apollo Future Mobility Group Limited published the o","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00860":"APOLLO出行","BK1181":"经销商"},"translate_title":"Apollo Future Mobility成立1亿元人民币宁波电动汽车合资企业","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00860":0.9},"content_text":"Apollo Future Mobility Forms RMB100 Million Ningbo EV Joint Venture\n    \n\n        Apollo Future Mobility Group Limited said its wholly owned subsidiary AFM Ningbo has entered into a joint venture agreement with Ningbo Xingtongda Co., Ltd. and Hangzhou Furui Technology Partnership (Limited Partnership) to establish a new PRC joint venture company in Ningbo with registered capital of RMB100 million. 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