After signed report of joint venture for building light type diesel engine, Foton, the biggest Chinese light truck corporation signed a contract with the biggest independent engine corporation in the world Cummins on October 19. They work together to build Beijing Foton Cummins Engine Company Limited at the proportion of each half. It makes a new generation of Cummins light engine from 2.8 L to 3.8 L. They desire to build a light engine base in 2008.
The board chairman of Foton An Qingheng and the general manager Wang Jinyu for Chinese side and Cummins vice-president Steve Chapman and the board chairman of Cummins China John Watkins for American side signed the contract. The vice-mayor of Beijing City Lu Hao attended the the signing ceremony and made an important speech. Many other important personalities also attended the ceremony.
It was reported that this contract is biggest engine investment item in China. The most outstanding characteristic of this item is that the two new types of the engine going to be produced in the base never appear in American land. The new engines satisfy requires of Euro III and Euro IV standard and above. And Beijing Foton Cummins will be the only Cummins engine manufacture outside American land. The engines will be used for light trucks, pickups, SUV, MPV and other multi-functional equipments.
As the biggest commercial vehicle manufacture in China, Foton started its light-truck business from 1999 and its sale result ranked top one for 8 years continuously. The strong power must drive Foton forward.