Beiqi Foton Motor Co.,Ltd.
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Established in 1996 and listed on the Shanghai Stock Exchange in 1998, Beiqi Foton Automobile Co., Ltd. (referred to as Foton Automobile) is a large-scale commercial vehicle enterprise in China. In 2021, Foton Motors became a commercial vehicle enterprise in the history of China's automotive industry with sales exceeding ten million units, a "dual autonomous" commercial vehicle enterprise with a sales volume of ten million units, and also a commercial vehicle enterprise with a relatively short sales time exceeding ten million units. Accumulated exports of 760000 vehicles overseas have ranked first in China's commercial vehicle exports for 12 consecutive years, with products covering 110 countries and regions worldwide. It took only 26 years for Foton Motors to become a leader in commercial vehicles, with a brand value of 191.516 billion yuan in 2022, ranking first in China's commercial vehicle industry for 18 consecutive years. Collaborate with global partners such as Cummins and ZF to create high-quality super trucks and super power chains. There are over 12000 service networks nationwide, covering 31 provinces and cities, with an average service radius of less than 40 kilometers. China has laid out 18 factories, covering the entire industrial chain of commercial vehicle vehicles and components, and has built 22 KD factories globally, achieving a global industrial layout. Establish strategic alliance and cooperation relationships with well-known domestic enterprises such as State Grid, China Railway Construction, China Grain Storage, PetroChina, China Mobile, China Post, SF Express, JD Logistics, and China Siyuan Engineering Poverty Alleviation Foundation. As an important means of production, commercial vehicles, in order to create higher operational value user solutions, Foton Motors has closely followed global trends to create an intelligent manufacturing benchmark, selected for the Ministry of Industry and Information Technology's intelligent manufacturing pilot demonstration project, and won the title of "National Green Factory". Through the "One Cloud, Four Connected, and Four Modernization" intelligent manufacturing architecture, it achieves personalized customization for users; With Beijing as the center, layout 15 intelligent innovation research and development centers nationwide; Actively participated in the formulation of 29 national mandatory standards, accounting for a quarter of the total number of existing standards, and authorized 6323 patents; We have obtained 1183 new energy related patents and multiple scientific and technological progress awards, and have established a technological innovation system centered on four areas: new energy vehicle technology, intelligent networking technology, energy-saving technology, and lightweight technology. In the field of new energy, starting early, demonstrating early, covering multiple technology routes and product lines, and leading sales; In the fields of fuel saving technology and lightweight, through the integrated intelligent collaborative development of Foton PDIC power transmission, we have created a leading "A Super Power Chain". Foton composite material cargo boxes have won the first prize in China's lightweight design; The first domestic mass-produced all aluminum frame light truck product; In the field of intelligent connectivity, we will advance the layout of autonomous driving, obtain the first domestic commercial vehicle autonomous driving test license, and achieve the first batch of public testing of heavy truck queue driving in China. We have reached a strategic cooperation with Huawei to layout the 5G era of intelligent connectivity commercial vehicles, and jointly start the construction of a fully intelligent system for commercial vehicles in the 5G era; In the field of testing and verification, invest 2 billion yuan to build a research and development testing system that reaches the advanced level of domestic commercial vehicles, fully meeting the needs of product and future new technology testing. Foton actively participates in international summit events and national major events, undertakes important tasks in major events such as the 70th anniversary celebration of the founding of New China, the "the Belt and Road" international cooperation summit forum, the G20 summit, APEC meeting, and the celebration of the 100th anniversary of the founding of the Party, and helps international events such as the Beijing Olympic Games and the Pingchang Winter Olympic Games with green technology strength. During the 2019 Beijing International Horticultural Expo in China, more than 400 service guarantee vehicles composed of Fukuda Ouhui and Fukuda Tuyano took on the heavy responsibility of carrying out the expo and escorted the expo with excellent services. In the 2022 Beijing Winter Olympics, more than 1300 vehicles of 10 different models from Foton Motors served various scenarios of the Winter Olympics, including 515 hydrogen fuel buses from Ouhui, setting a record for the largest scale and largest number of hydrogen fuel buses serving international events in history. Foton Motors actively promotes sustainable social development globally, fulfilling commitments in areas such as local employment, education and healthcare, natural environmental protection, and response to major disasters, with a cumulative investment of hundreds of millions of yuan in materials. In the face of the global "novel coronavirus" epidemic, Foton Motor responded to the national call at the first time and launched 650 Foton negative pressure ambulances nationwide, becoming a "mobile fortress" for epidemic prevention. It has donated tens of millions of materials in total, fulfilling the corporate responsibility. In September 2020, the temporary party branch of BAIC Foton Automobile's Wuhan commando team won the honorary title of "Beijing Advanced Collective in Fighting COVID-19". In November 2020, Cai Qi, the Secretary of the Beijing Municipal Party Committee, and his delegation visited Foton Motors and highly praised their continued exploration of new energy and intelligent networking technologies, as well as their outstanding contributions to national epidemic prevention through technological innovation.In 2021, Foton Motors achieved its sales target of ten million vehicles, leaping to a new level of development, leading the industry in brand advancement, technological breakthroughs, product upgrades, marketing models, service concepts, and other aspects. In 2022, at the beginning of the 14th Five Year Plan, Foton Motors will continue to build its own brand core capabilities and strive to become a mainstream green, intelligent, and high-tech automotive enterprise. In the future, Foton Motors will lead development with technology, with quality casting value, providing customers with intelligent and efficient comprehensive solutions, continuously strengthening the value of China's first commercial vehicle brand, and striving to become a leading commercial vehicle enterprise in technology and quality. |
| Headquarter | Beijing |
| Establish Date | 8/28/1996 |
| Listed Code | 600166.SH |
| Listed Date | 6/2/1998 |
| Chairman | Chang Rui. |
| CEO | Wu Xibin. |
| Website | www.foton.com.cn |
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