Beiqi Foton Motor Co., Ltd. (Hereafter referred to as Foton) was founded in August 28, 1996 and is headquartered in Beijing, China.
With fixed assets of over 4.77 billion US dollars and nearly 40,000 employees, Foton is ranked first in the global commercial vehicle industry in terms of production and sales. In 2015, Foton was ranked fourth in China’s auto industry and first in China’s commercial vehicle segment, with a brand value of 13.037 billion US dollars.
At present, with a business scope covering full series of commercial vehicles, including medium and heavy-duty trucks, light-duty trucks, VANs, pickups, and buses, and an accumulative production and sales volume of approximate 8,000,000 vehicles, it’s China’s commercial vehicle manufacturer with most types and largest scale. In addition, Foton established Foton Daimler Automotive Co., Ltd. and Foton Cummins Engine Co., Ltd. jointly with Daimler and Cummins respectively, two renowned manufacturers in world’s automotive industry.
Around the globe, Foton has completed the construction of 24 KD plants, possessed R&D branches in Japan, Germany, Taiwan, and other countries and regions, and established Foton Divisions in India and Russia. In terms of the energy-saving and new energy automobile fields, Foton keeps the development of energy-saving and environment-friendly products and has entered the commercialization operation. The energy-saving and new energy vehicles have covered various fields, including trucks, buses, and multi-functional vehicles, and Foton Motor has become the China’s largest manufacturer in terms of production and sales volume of new energy vehicles.
Foton owns 6 major industries including automobile and new energy automobile, engineering machinery, new energy, finance, modern logistics, and information technology service, jointly constitute a golden industry chain with complementary advantages, shared resources, and mutual supports.
Foton will achieve an all-round breakthrough in the passenger vehicle segment in 2016, and launch a series of large SUV, CUV and family MPV models in the future. By 2020, Foton will become a comprehensive international automaker highly integrating trendy technology, humanity and environmental protection, with an annual output and sales volume of 3 million units and sales revenue of 330 billion yuan, thus being ranked among the world’s top 10 automakers and becoming a world’s mainstream auto brand.