Founded on August 28, 1996, Beiqi Foton Motor Co., Ltd. (Foton) is a transregional, trans-industry and trans-ownership state holding listed company. Headquartered in Changping District, Beijing, with existing assets of nearly 30 billion yuan and nearly 40,000 employees, Foton is a large enterprise group that takes Beijing as the management center, owns vehicle and parts departments in nine provinces, municipalities and autonomous regions including Beijing, Tianjin, Shandong, Hebei, Hunan, Hubei, Liaoning, Guangdong and Xinjiang, and has R & D branches distributed in countries and regions such as China, Japan, Germany and Taiwan. In 2010, Foton’s brand value stood at 38.872 billion yuan, ranking first in the commercial vehicle field; in the same year, Foton sold more than 680,000 units, maintaining the lead among global commercial vehicle manufacturers.
Since establishment, Foton has relied on its perfect legal corporate governance structure, kept to the road of technical innovation, market innovation, mechanism innovation and management innovation, and has grown into an independent Chinese auto brand and a nucleus of independent innovation. Now, Foton owns 11 brands, including Auman, AUV, Aumark, MP-X, Midi, View, Saga, Ollin, SUP, Tunland and Forland.
In the future, Foton will persist in its business mode and business principle of technological innovation, management innovation and talent development, focus on developing proprietary brands, actively advance international cooperation and cultivate international competitiveness. By 2020, Foton will strive to be a general international automaker that integrates fashion science and technology with humanity and environmental protection, manufactures and sells 4 million cars, and ranks among the world’s top 10 automakers with operating revenues of more than 400 billion yhuan, thus becoming China’s first world auto brand.