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About Foton Cars
Foton – Chinese Automotive Industry makes its mark on Philippines
Beiqi Foton Motor Co Ltd or more commonly known as Foton or Foton Motors is an automobile manufacturing company based in China. It was established in 1996 and has its headquarters in Changping in Beijing, China. It specializes in producing buses, trucks, SUVs and machines employed for agriculture. It must be noted that Foton is a special subsidiary division of the world renowned Beijing Automotive Industry Holding Co Ltd.
Foton Motors was founded as a subsidiary automotive division of the Chinese manufacturing consolidates Beijing Automotive Industry Holding Co Ltd on 28th August 1996. It started out a huge manufacturing unit for tractors employed in agricultural work, heavy duty trucks along with many other such machines. Along with other trademark models manufactured by Foton, the Toyota Hiace H100 copy deserves a special mention which it markets as Foton Alpha or View.
As of March 2006, Foton Motors entered into a joint venture with a Cummins Inc for a 50:50 partnership for the manufacturing of diesel engines employed in light duty automobiles. It also has a 50:50 partnership with leading global automobile manufacturing and marketing company Daimler AG for the manufacturing of medium to heavy duty vehicles such as trucks, buses, etc. The joint venture has been named Beijing Foton Daimler Automobile Co Ltd, which markets its products under the brand name "Auman". It received the Chinese government's approval in July 2010 with a starting investment of Yuan 6.35 billion. Foton had also entered into a joint venture with Pulead Technology Industry Co in October 2009 for manufacturing vehicle batteries.
Management & Shareholders
Foton Motors is currently managed by company President Jin Yu Wang, Chairman of Board HE Yi Xu, Chairman of Supervisory Board Jing Guan Zhao and Chief Financial Officer Gong She Yang. Beijing State Owned Assets Supervision & Administration owns about 34.5% of the total shares followed by Beijing Jianlong Investment Co Ltd (5.63%), Changchai Co Ltd (2.85%), Zhucheng Shunbang Investment Development Co Ltd (2.82%), Zhucheng Yihe Axles Co Ltd (2.34%), Changsha Shenjiu Machinery Manufacture Co Ltd (1.69%), Qingte Group Co Ltd (1.62%), Weichai Power Co Ltd (1.58%), Kama Co Ltd (1.26) and Invesco Great Wall Fund Management Co Ltd (1.10%).
Foton Motor Philippines
The year 2006 marked Foton Motor's debut in Philippines with United Asia Automotive Group Inc or abbreviated to UAAGI serving as its primary & exclusive dealer. It has its headquarters and manufacturing unit in Caloocan City in Metro Manila, Philippines. It should be noted that Foton Motor forms the largest manufacturer of commercial vehicles in Asia with a daily production capacity o about 2000 units. Foton Motor Philippines aims to further expand its rapidly growing customer base in Philippines and establish itself as a major player in the Asian automotive arena.
Foton Motors offers an impressive lineup of vehicles for customers to choose from. Models offered consist of light trucks, buses, pickup trucks, minivans, passenger vehicles, heavy duty & light duty trucks. Major car models offered by Foton Motors Philippines include Thunder, Blizzard, MP-X, View, Tornado 2, Tornado 2.5, Tornado E-Series, Tornado 3.5, Mini Coach and Hurricane, etc. Heavy duty vehicles include buses such as AUV New Directions, Panoramic Unlimited, Pioneer Europe; trucks such as Auman Jones, Lion, Kunlun Mountains, Shenzou, H4, Aumark, Forland, Forland King Kong, Ruiwo, Ollin Beyond and Ollin MRI, etc. Other minivan models include MP-X Parker Mongolia, View Express, View Express Passenger, View Ireland Act and sports utility vehicles such as Saga & SUP.
Licenses & Operations
Foton usually licenses its automobiles under major industry brand names such as Mercedes Benz, Isuzu, South American VW, Toyota Hiace and DangDong, etc. It owns manufacturing & business units in major industrial districts of China such as Beijing, Tianjin, Hebei, Hubei, Hunan, Shandong, Guangdong and Liaoning. A European headquarter was announced in July 2010 to be established in Moscow, Russia along with another sales company in India by 2011. It also plans to setup an assembly unit for its vehicles in Columbia along with a bus factory in Bahia in Brazil thus targeting the growing automotive industry in Latin America with its light commercial vehicles.
Marketing & Sales
According to a survey conducted in 2011, Foton had sold over 640, 400 vehicles to customers all over the world. It had a record breaking total annual sale of 34,035 units in China for the financial year of 2013.