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Old 02-04-2008, 11:30 AM   #10
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Beiqi Foton becomes world 2nd largest commercial vehicle maker!

February 4, 2008 – Beiqi Foton sold 400,000 vehicles, up 16.9 percent from one year earlier, the company announced yesterday. The sales figure has made the Chinese automaker world second largest commercial vehicle maker after Mercedes-Benz.

Last year Foton's sales revenue reached 27.86 billion yuan ($3.87 billion), up 40.53 percent from one year earlier. The automaker's light truck sales rose 11 percent to 319,000 last year, which represents 28.9 percent of China’s light truck market.

"This is the ninth year in a row that Foton has successful defended its top seller position in China's light truck market,” said Zhao Jingguang, Foton's spokesman. "And this is the first time that Foton becomes a top light vehicle seller worldwide."
Last year, a total number of 2.49 million commercial vehicles were sold out in China’s domestic market and Foton grabbed 16 percent of this market.

Meanwhile, Foton exported 30,000 commercial vehicles, up 238.78 percent from one year earlier.
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