FOTON Made Remarkable Overseas Achievements in 2023
According to Fu Bingfeng, executive vice-president and secretary-general of the China Association of Automobile Manufacturers, China's exports of automobile vehicles are likely to surpass 5 million to hit a record high this year. Total sales of heavy-duty trucks reached 910,000 in domestic China, up 35% and 27,5000 units of heavy trucks in overseas market, up 60% YoY in 2023. This is partly because intense domestic competition prompted Chinese automakers to actively explore potential overseas markets.
As a pioneer in the field of commercial vehicles, FOTON has launched the global green logistics solutions to accelerate the transition to new energy vehicles. FOTON is focusing on building an industrial ecology including “Traditional Energy + New Energy, Brand + Technology, Equity Joint Venture + Technology Cooperation, Supply Chain Synergy Going Overseas”. Its successful cooperation with FOTON CP in Thailand is exactly an implementation of this policy.
In 2023, Foton got ahead in many areas such as sales volume, new energy, and overseas markets, solidifying its position as a leader in the commercial vehicle industry. In 2024, it is believed that Foton will embrace the challenges and take a leap in brand value with a more vibrant gesture.
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