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Foton to build truck plant in Sichuan for bigger market

October 09, 2008



Shanghai, October 9 (Gasgoo.com) Chinese truck maker Beiqi Foton Motor Co signed a strategic agreement on October 8 to build a new factory with the government of Deyang city in the southwestern province of Sichuan, reported China Business News today.

Beiqi Foton said the factory, with an investment of 800 million yuan ($117 million) will make light trucks as well as trucks used in civil engineering, and will have an annual capacity of 100,000 vehicles. Construction of the plant will kick off at the beginning of 2009.

After it is built up, the Deyang factory will become Beiqi Foton's only one manufacturing facility in southwestern China and will expand the truck maker's growth in the light truck market of the vast region. In addition, this facility will also considerably reduce the costs of human resources, materials, premises and logistics for the company.

Beiqi Foton now has an annual output of 400,000 light trucks, which are manufactured in Chucheng (Shandong province of eastern China), Beijing (northern China), Changsha (Hunan province of central China) and Nanhai (Guangdong province of southern China). The current light-truck makers in southwestern China are Yunnan Hongta and Chongqing Lifan, both of whom can not compare with Beiqi Foton in terms of capacity and market share.

In 2007, Beiqi Foton's light truck sales rose 11% to 319,000 units, representing 28.9% of China's light truck market, and in the first half of 2008, the company's light truck sales grew by 18% y/y to 200,589 units.

The Deyang city government said that the cooperation with the light truck maker Beiqi Foton is expected to generate annual revenues of 4.5 billion yuan for local companies of auto parts and relevant products.

http://www.gasgoo.com/auto-news/1007971/Foton-to-build-truck-plant-in-Sichuan-for-bigger-market.html
 

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Foton Auto sells 31,322 vehicles in September


October 15, 2008
Shanghai, October 15 (Gasgoo.com) On October 15, Foton Auto, China's biggest commercial-vehicle maker, announced that the company’s sales in September reached 31,322 units, and its sales in the first eight months totaled 342,310 units, up 12.4% year on year(y/y), according to Shihua Financial Information report.

In September, Foton sold 4,732 units medium- and heavy-duty trucks (including incomplete vehicles), and the first eight months sales totaled 52,285, up 8.7% y/y. Light truck (including mini trucks) sales reached 25,186 units, with eight-month sales rising 12.7% y/y to 274,127 units.

Last month, Foton’s light bus sold 1,064 units, totaling 11,017 for the previous eight months, a 3.8% year-on-year increase. The large and middle bus (including incomplete vehicles) sold 230 during the month and totaled 1,892 units for the eight months, posting an increase of 39.6% y/y.

For other vehicles such as the SUV and MP-X, sales gained 110 in September, and the accumulative sales reached 2,989 in the January-August period, representing a 155.7% increase y/y.

http://www.gasgoo.com/auto-news/1008038/Foton-Auto-sells-31-322-vehicles-in-September.html
 

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Foton Motor to upgrade, expand truck-making

December 03, 2008

Shanghai, December 3 (Gasgoo.com) Beiqi Foton Motor Co. Ltd, the largest commercial vehicle producer in China, has announced that it will invest 2.18 billion yuan ($319 million) in updating its truck technologies, expanding truck-making capacity and developing new pickup and SUV products, said sina.com today.

Of this massive investment, 1.188 billion yuan will be used to set up a medium- and heavy-duty truck manufacturing base in Nanhai city, Guangdong province, to expand Foton's truck production capacity, 682 million yuan will be spent on the project (H4) of updating the medium- and heavy-duty truck products, and 311 million yuan will go to the development of all-new pickup and medium-size (P/U201) SUV products.

In the coming few months, Foton Motor's parent -- Beijing Automobile Industries Holding Co (Beijing Auto, Beiqi) -- will invest 10 billion yuan in three key projects, which include Foton-Cummins Engine venture, and Foton-Daimler heavy-duty truck venture. However, the recent announcement of Foton has not mentioned this JV project.

On August 7, Beiqi Fotn Motor and Daimler AG signed a letter of intent to form a 50-50 trucks joint venture. The deal will help the JV make medium- and heavy-duty trucks for China and overseas markets under Foton's Auman brand. The venture, which is awaiting the government approval and likely to kick off by mid-2009, may expand into making buses.

Last month Beiqi Foton Motor said its board has approved the issue of up to one billion yuan worth of five-year fixed-rate bonds. About 400 mln yuan of the proceeds will be used to pay down bank loans, while the remainder will supplement working capital.

http://www.gasgoo.com/auto-news/1008591/Foton-Motor-to-upgrade-expand-truck-making.html
 

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Beiqi Foton to set up subsidiary in Russia

2008-12-05


Chinese truck maker Beiqi Foton is to set up a wholly-owned subsidiary in Russia as part of its overseas expansion efforts, the company said on Thursday.


The subsidiary, with $2 million registered capital, will focus on purchase and sales of automobiles, engineering machinery, internal combustion engines and auto parts, China Business News reported, citing a company insider.


It is the first international cooperation between the Beijing-based truck maker and German automaker Daimler AG, after the two signed an agreement in August to jointly explore the global commercial vehicle market.


"It would be easier for a Chinese brand to go overseas through cooperation with a world renowned auto maker," said the insider. "Chinese enterprises are not approved to set up plants in Russia, but the situation would be better if we join hands with big names like Daimler."


Russia's fast-growing market is strategic for Chinese auto makers to beef up their presence in Central and Eastern Europe, though the process is somehow frustrating due to trade barriers.


Foton expects to make substantial profits in Russia from 2011, when sales in the country are expected to rise sharply.

http://www.chinadaily.com.cn/bizchina/2008-12/05/content_7277313.htm
 

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Beiqi Foton Motor gains after winning hybrid buses order

Wednesday, December 31, 2008

SHANGHAI -- Beiqi Foton Motor Co., China's biggest maker of commercial vehicles, rose to the highest in three weeks in Shanghai trading after winning an order for 450 hybrid buses from the Beijing government. The company rose 9.7 percent to 4.97 yuan, the highest since Dec. 10. The stock has declined 62 percent this year.

Beijing Public Transport Holding Co. will take delivery of the buses by the end of next year, Beiqi Foton said in a statement to the Shanghai Stock Exchange today. China, the world's second-biggest oil user, is encouraging automakers to develop hybrid vehicles and fuel cells to help cut emissions and to reduce the country's dependence on oil.

Government-owned Beijing Public Transport will pay 30 percent of the purchase price for the buses within 10 days, Foton said.

http://www.shanghaidaily.com/sp/article/2008/200812/20081231/article_386532.htm
 

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China's Foton says clean energy car factory opened in Beijing

1 day ago

BEIJING (AFP) — China's Beiqi Foton Motor Co has launched a five-billion-yuan (730-million-dollar) design and production base for clean energy vehicles in Beijing, the company said Tuesday.

The facility will produce up to 5,000 clean-energy buses and 400,000 fuel-efficient engines a year, the company said in a statement.

The design and production base, backed by the city government, is part of the capital's efforts to fight pollution by reducing car emissions, the company said.

The most prominent investor in green car technology in China is American investor Warren Buffet, who owns a 10 percent stake in another company, BYD Auto, which unveiled China's first mass-produced hybrid electric car in December.

http://www.google.com/hostednews/afp/article/ALeqM5gVgY1B--5KNODQ-TkcET7jfkfm0w
 

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Foton unveils luxury light truck in Shanghai.

The Foton Aumark C20, a high-end light truck powered by a world-class engine, has made its world premiere at the ongoing Shanghai auto show. The Chinese-made luxury truck is expected to go on sale in the domestic market in May.

Beiqi Foton Motor Co., a commercial vehicle subsidiary of Beijing Auto and Chinese partner of top U.S. diesel engine maker Cummins Inc., said that Foton Aumarkt, as the first high-end Chinese-brand light truck, features Cummins' top-class engine, the Mercedes-Benz technology-based chassis and the European safety car-body.

The Foton Aumark C20 is equipped with the world's first ISF3.8 engine jointly produced by Foton and Cummins. The engine meets the latest China IV emission standard and its performance is highly boosted. It can save fuel by up to 7% but raise its power by 10-20kw.

In March 2008, Cummins Inc. and Beiqi Foton Motor launched a 50/50 joint venture company -- Beijing Foton Cummins Engine Co. Ltd. (BFCEC) to produce Cummins light-duty, high-performance diesel engines in Beijing.

Foton said it would install the Cummins engines made by the joint venture in its high-end light trucks to help sell more than 200,000 units overseas annually by 2010.



from Gasgoo.com


Aumark models:
http://www.360che.com/b_1125.html

http://www.360che.com/s26/6566_65_index.html
http://www.360che.com/s26/6562_65_index.html
 

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i never knew luxury trucks existed, and cant tell from outside of it
 

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Foton wins $16.8M bus contract from Ashok Leyland.

May 18, 2009
Beiqi Foton Motor Co Ltd announced today it had won a US$16.8 million contract with Ashok Leyland Ltd., India's second biggest bus and truck maker, to supply buses in completely knocked down kit form, China Securities Journal reported.

According to contact, Foton will export 750 units of Foton Euro V buses to Ashok Leyland within a period of 150 days.

Beiqi Foton Motor Co., a commercial vehicle subsidiary of Beijing Automobile Works, said the deal will help the company expand further in overseas market.

source: Gasgoo.com
 

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The main profit sources of Beiqi foton Motor is light and heavy trucks, which have contributed 88% of the company’s total profits; and the company’s new product Foton-Cummins will be put online in May 2009 and Foton-Daimler joint-venture will be established in the second half of 2009; meanwhile hybrid bus will gradually be used in many cities in China.
 

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Foton aumark vs ollin

Hi all, can anybody tell me the diference between this 2 foton light truck, ollin and aumark?
I am in china and want to buy one of these with the cummins engine.
It is to make my camper in the back, so i am looking at the best truck i can get in this size(2m wide cab and less than 6 m long)

Any input i am interested.
Dealer get in touch with me via pm.
Thanks


Rowor BJ5255ZLJ-3
http://product.360che.com/img/c1_s63_b1129_s1529_m20702_t0.html
 

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