On December 12, 2017, in order to further accelerate the phase-out and renewal of the outdated diesel vehicles across Beijing, effectively reduce the emissions from motor vehicles and continuously improve the air quality in Beijing, China Beijing Environment Exchange and Foton Motor signed a strategic cooperation agreement to jointly provide the truck owners with “Whole-Chain Service for Outdated Truck Replacement”. This is aimed to make the best of existing resources, and take a series of convenience measures for phase-out of used truck, subsidy application, new car purchase, financial loans and other aspects of truck replacement.
According to this agreement, Foton Motor will offer truck purchase discount of up to RMB6,000 to eligible diesel-powered truck owners. Products will cover light diesel-powered trucks, medium and heavy diesel-powered trucks and commercial truck. One-stop services, such as financial loans and formality handling, will be also available for truck owners. China Beijing Environment Exchange will not only provide governmental subsidy granting platform for phase-out and renewal of the outdated diesel vehicles, but also facilitate phase-out of used truck, subsidy application for owners. Owners enjoy the double benefits of governmental subsidies and corporate rewards. Formality handling is simplified, thereby greatly improving the efficiency of replacement.