Foton Penetrates into Brazil-the Fifth Largest Auto Market
www.chinatrucks.com : Reporter learned from Foton Auto that the company signed an official agreement with Brazilian government on June 5th, planning manufacturing 50000 Foton-Cummins engines annually, also, setting up two KD factories for commercial vehicle manufacturing.
Besides, on June 2nd, the company signed agreement with Cuban government about the operating of new energy vehicles. In the agreement, Cuban government agreed that Foton could introduce in trucks, buses, SPVs and all the models.
Insiders say the cooperation with Cuban government will help Foton better explore the Cuban market, also, it serves as an example for all Chinese vehicle makers.
However, when interviewed by reporter, staff of Foton who is in charge of this declined to reveal any more details about the cooperation.
According to the strategic plan of Foton, the company will set up factories in five countries, namely Russia, India, Brazil, Mexico and Indonesia with the total capacity stands at 100,000 units annually as well as penetrating into three advanced markets of North America, EU and Japan& Korea. Lastly, they will build a global headquarter in China. Also, Foton plans to achieve sales of 4 million units a year by 2020, among which, 1.2 million in overseas markets, accounting for 30% of the total sales.
In recent year, Foton has been putting more and more attention to the development in overseas markets. in April, 2011, they set up a KD factory in East Africa, in May, they established the Russian branch as well as the European division, in June, they set up a branch company in India with an investment of ￥620 million, becoming the first Chinese auto maker to do so. Since the joint venture with Daimler established in 2012, Foton has speeded up their steps by taking advantage of networks of Daimler.
Views:0
- FOTON Pakistan Delivered 3 Express Logistics Vehicle to DHL 2022-04-12
- CP FOTON’s Dealer Summit & AUMARK FLEX Launch Ceremony Held in Thailand 2022-04-12
- 328 Units!China’s First Largest Automatic Heavy Truck Export Order to Colombia 2022-04-08
- AUMAN EST-M Rolled off the Line at Foton Pakistan Factory 2022-04-03
- 400 Units of FOTON AUMAN Trucks Delivered to an Int'l Brewery Group of Nigeria 2022-04-01
- FOTON Mexico Passed the ISO9001 International Quality System Certification 2022-03-30
- FOTON Got First RCEP Certificate of Origin to Malaysia Issued by Beijing Customs 2022-03-23
- FOTON and Piaggio Group’s 10000TH NP6 New Porter Built at Italian Plant 2022-03-12
- FOTON Donates Mobile Service Vehicle to Boost Healthcare in Pakistan 2022-03-08
- FOTON AUMAN Impressed the World with Powerful Backing for "Dual Olympic City" 2022-02-11
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021
