On August 26, 2022, Beiqi Foton Motor Co., Ltd. closed the transaction. After the completion of the transaction, Beijing Automotive Group Co.,Ltd owns 3,233,860,362 shares in the company, accounting for 40.40% stake. The company has paid other issue fees of CNY 2,053,123.99 generating net proceeds of CNY 2,993,418,572.92.