Foton develop Brazilian market together with the US enterprise
Release time£º2013-06-20 00:00 Source£ºXinhua net

On June 6, Beiqi Foton Motor CO., Ltd signed a contract on heavy truck with Cummins, one of the world¡®s largest engine manufacturers, the two companies will join hands to the Brazilian commercial vehicle market.

Brazil is one of the most important international markets of Foton’s going global strategy. Besides Foton’s finished automobile export to Brazil, two CKD-Werks in Brazil are under preparation, and Foton’s pickup truck CKD-Werk is expected to bring into production by the end of next year. In addition, Foton-Cummins engine ,produced in China ,has sold more than 30 thousand sets in Brazilian market.

Brazil, the largest economic entity of South America, has become the world’s fourth biggest automobile market after China, the US and Japan. As we all know, Brazil put large-scale investment into infrastructure construction for preparations for the World Cup and Olympic Games, so the demand of commercial vehicles is expected to keep rising.

Foton’s products have entered more than hundred countries and regions in the world market. According to long-term strategic planning of Foton, it plans to build the commercial vehicle factory with annual capacity of 100000 vehicles in Brazil.