Foton Motors owns the first new energy design and manufacturing base in the automotive industry in China.
The Beijing New Energy Automobile Industry Base, centered on Foton Motors, has a total area of ​​1,000 mu, a building area of ​​300,000 square meters, and an investment of 5 billion yuan. The annual production of 5,000 sets of new energy buses and 400,000 sets of highly energy-efficient engines has been formed. The capacity will become China's largest and most versatile new energy vehicle design and manufacturing engineering base. At the same time, the establishment of the base will also help solve the industrialization and application problems of the research results of many new energy vehicles owned by universities and scientific research institutes such as Tsinghua University, and strive to promote the technological achievements of new energy vehicles to the whole country.
At the same time, Foton Motor Company and Daimler signed a "cooperation agreement for commercial vehicles." The two parties will establish a medium-heavy-card joint venture in China to provide medium and heavy-duty trucks and technologies, and explore other opportunities to expand the international production and sales of Futian Auman brand in the global market.
In the past, traditional joint ventures and cooperation in the Chinese automobile industry had introduced mature models from foreign countries. Most of the joint venture companies were only assembly plants, and their products had mostly domestic demand. The joint venture between Daimler and Foton Motors has taken a new step. The joint venture company is the operation center of the global cooperation business of the two parties, namely the management decision-making, R&D, production, supply chain management, marketing management and other centers of the global cooperation business. The Auman brand products produced by future joint ventures can be sold overseas through Daimler's sales system; domestically produced Daimler heavy truck engines can be equipped with Auman heavy trucks to enhance the competitiveness of Auman heavy trucks in China and emerging markets. This will enable the two parties to complement each other and benefit from the two markets at home and abroad.
It is expected that the joint venture will be established in August 2009. According to the progress of the phased capital contribution, the added value of the assets assessment will increase the profit of Foton Motor’s in 2009 by 512 million yuan, and it will increase by 876 million yuan in 2010. Each year of 2011-2018 will affect the profit of Futian Automobile by 36.31 million yuan.
In addition, Foton Motor announced on January 22 that the company acquired the assets and personnel of the Sapu business owned by Foshan Nanhai Foton Motor Co., Ltd., a wholly-owned subsidiary of Beijing Futian Environmental Protection Co., Ltd.
According to the announcement, the market sales and profitability of the Sappika and legendary SUV products will bring a net profit of RMB 29.87 million and RMB 35.28 million to Foton Motor in 2010 and 2011, respectively.
The announcement stated that the acquisition of the Sapu business is beneficial to the further integration of auto production resources by Foton Motor, unified management, and optimized production layout.
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