Affected by the slowdown of the macro economy, the growth of domestic commercial vehicle market is weak, but Foton Motor is still a strong leader. Recently, the reporter learned that in the first half of this year, Foton sold a total of 347,000 vehicles, a year-on-year increase of 4.7%, ranking first among domestic commercial vehicle companies.
Fukuda has signed a sales contract with Beijing Public Transport for a total of 3012 Futian Ouhui LNG (liquefied natural gas) bus products. In addition, with stricter domestic and international emission standards, Foton Cummins Engine will further develop its technical advantages and become a new profit growth point in Futian.
Compared with the growth of the passenger vehicle business, this year's domestic commercial vehicle market growth rate is much lower, and the expansion of exports has become a common choice for domestic commercial vehicle manufacturers. Market forecast shows that in 2015 China's self-branded auto exports will increase to 2 million, and in 2020 it will reach 3 million, while the commercial vehicle sector is the breakthrough for the Chinese auto industry to go global. As the largest commercial vehicle company in China, Foton has already made it clear in its 2020 strategic plan that it will successively establish overseas plants with production capacity of 100,000 units in five countries including Russia, India, Brazil, Mexico and Indonesia.
“Automotive companies do not have regional-level or national-level, only world-class. Futian must be a global enterprise, and must have the ability to integrate resources and formulate market strategies on a global scale, otherwise it cannot survive.†General Manager of Foton Motor Wang Jinyu According to the disclosure, Futian is currently working on the construction of two assembly plants in Brazil and is expected to produce Futian light trucks and pickup products in December next year.
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