Fukuda completes plans to build a plant in Russia and seek out one million cars at the end of the year

Wang Jinyu, the Party Secretary and General Manager of Beiqi Foton Motor Co., Ltd., shared insights with the "First Financial Daily" about the company’s future direction. He emphasized that Foton Motor’s strategic focus is twofold: first, to dominate the commercial vehicle sector globally, not just in China; second, to expand into the economy car or mid-to-low-end vehicle market. These remarks were made during the Sohu 2008 “Made in China” tour. An industry expert noted that Foton Motors is currently one of the strongest assets within Beijing Automotive Group (BAIC). According to data from 2007, BAIC's subsidiaries—including Beijing Hyundai, Beijing Benz, Beijing Automobile Industry Co., Ltd., and Beiqi Foton—sold a total of 690,000 vehicles, generating a profit of RMB 1.64 billion. Despite not holding a majority of the profits, Foton Motor managed to capture nearly half of BAIC’s total sales through its low-margin but high-volume commercial vehicles such as light trucks, medium- and heavy-duty trucks, and passenger cars. Zhao Jingguang, Deputy Secretary of the Beijing Futian Party Committee, revealed that Foton Motor aimed to sell 440,000 units in 2008, with an ambitious target of reaching 500,000. Looking ahead, Foton Motor’s long-term goal was to achieve total sales of 800,000 to 1 million units by the end of the Eleventh Five-Year Plan period, with 20% of sales coming from overseas markets. However, Wang Jinyu acknowledged that achieving this 20% overseas sales target would be a major challenge. To address this, Foton has been actively expanding its international footprint. Zhao Weichun, Deputy General Manager of Beiqi Foton, mentioned that the company is planning to establish a joint venture in Russia, with site preparations underway and expected completion by year-end. Currently, Foton’s main models in Russia include medium and heavy trucks, as well as Ao Ling light trucks. Although not yet deeply rooted, these products have established a solid foundation for the brand in the Russian market. In 2007, Austrian Bell sold 8,000 vehicles in Russia, helping to build a strong platform for Foton’s brand presence. The company has also completed its network layout in Russia, with good performance last year. “We start by building a factory first,” Zhao said, adding that the new plant will mainly produce medium and heavy trucks with an annual capacity of 100,000 units. Additionally, Foton is exploring the possibility of setting up a plant in India. Foton is also working on developing light trucks that meet Euro IV and Euro V emission standards, targeting markets in Japan and South Korea, equipped with Cummins engines. This initiative represents a key part of the company’s overseas expansion strategy. Although Foton started as a manufacturer of agricultural vehicles, it has evolved into a major player in the commercial vehicle sector. Now, the company is aiming to enter the passenger car market. Wang Jinyu outlined his vision: once Foton becomes the top in commercial vehicles, it will shift focus to cars. In his view, the minimum threshold for entering the car market is one million units. To achieve this, Foton is taking strategic steps. The Mengpike Midi, a multi-purpose vehicle, serves as a transitional product, acting as a stepping stone toward the passenger car market. Zhao Jingguang mentioned that the Mengpike Midi will launch in May, with pickup and SUV replacement models also in development. The marketing of the Midi is seen as a roadmap for future sedan product launches, helping to build a distinct distribution system separate from commercial vehicles. While Foton Motor has not confirmed any self-developed sedan models for this year, it is clearly laying the groundwork for a future in the passenger car industry. With its growing presence in global markets and a clear strategic plan, Foton Motor is steadily moving towards its ambitious goals.

Truck Car Wash Machine

truck car wash machine, truck car wash machine price, truck car equipment

Zhengzhou Shinewash Technology Co.,Ltd , https://www.shinewashtech.com