The group company received 300 million yuan of new energy subsidies from the state

May 6, 2020
On May 6, Dongfeng Motor announced that it had received a national new energy vehicle promotion subsidy. According to the announcement, according to the “Notice of the Provincial Department of Finance on the Advance Release of the Central Subsidy Budget for Energy Conservation and Emission Reduction (New Energy Vehicle Promotion and Application) in 2020”, Dongfeng Motor received the first The second batch of 2017 new energy vehicle purchase subsidies and liquidation funds were 300 million yuan.

Dongfeng Motor said that the subsidy received this time will directly offset the company's accounts receivable, will not affect the company's current profit and loss, and will have a positive impact on the company's cash flow.