News - *St Ankai: received 557 million yuan national new energy vehicle promotion subsidy

*St Ankai: received 557 million yuan national new energy vehicle promotion subsidy

Posted 2023-08-14 00:00:00 +0000 UTC

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*St Ankai announced in the evening of December 23 that it received the national new energy vehicle promotion and application fund of 557.44 million yuan transferred and paid by Hefei Finance Bureau on December 20. The subsidy will directly offset the receivables generated from the company's sales of new energy buses. The receipt of the subsidy will improve the company's cash flow and have a positive impact on its business performance.