The highly profitable Foton Motor has been active in the new energy sector. Recently, Foton Motor announced that it will invest 550 million yuan in the South China Sea plant to carry out technological transformation of large and medium passengers to carry out new energy bus business expansion to ensure the growth of market share and meet the needs of domestic and foreign markets for medium and large passenger cars.
It is understood that Fukuda announced last month that it will adjust the location of the Zhongheka II plant from the South China Sea to Beijing Huairou. At the same time, the original investment amount has also been increased from 1.188 billion yuan to 1.298 billion yuan. The original Nanhai plant is planned to be adjusted to become Dazhongqin South No. 2 Plant. This time, Foton Motor again issued an announcement that it will invest 550 million yuan in the modification of the South China Sea plant. Foton Motor said that the introduction of this project is due to the converse of the Chinese automobile market this year and the rapid development of the medium and large passenger car market. At the same time, driven by the national energy-saving and emission-reduction policies, the demand for new energy buses and buses in domestic and foreign markets has increased.
The announcement pointed out that this project is Futian Automobile's expansion of the traditional energy bus market based on the new energy bus business expansion, a reasonable strategic layout of the plant location, expand production capacity, ensure market share growth, to meet the domestic and foreign markets demand. According to the third quarter released by Foton, from July to September, the company realized a net profit of 245 million yuan attributable to the shareholders of the listed company, an increase of 546.69% year-on-year, and a basic earnings per share of 0.267 yuan. It is expected that the company's net profit will be higher this year. Over the same period last year increased by more than 150%.
It is reported that since October of this year, Foton Motor has been actively pursuing a comprehensive energy-saving strategy and has been active in the field of new energy vehicles. In terms of technology research and development and industrial development, on October 12th, it integrated the advantages of R&D and production of the four-party electric vehicles of Dayang Electric, Foton Motor, Beijing Institute of Technology and Beijing Jiaotong University, and launched the “Fukuda pure electric vehicle R&D and industrialization†project. At the same time, Beijing Automotive New Energy Battery Technology Co., Ltd. was set up jointly with Beijing Automotive, Peking University Science and Technology Company, and Dongguan New Energy Technology Co., Ltd. to establish China's largest vehicle power lithium battery system R&D and production base.
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Fukuda National Day parade float chassis
On November 3, Foton Motor held a special auction event. The protagonist of the auction was the chassis of the National Day 60 parade float. At the National Day celebration ceremony, a total of 42 floats were manufactured by Foton Motors, which accounted for 70% of all 60 floats. There are 33 Futian Auman heavy trucks and 9 Euro V new energy buses in the 42 float special chassis. Among them, the chassis of 10 heavy trucks and 9 passenger cars have been purchased by the provinces and cities themselves, while the other 23 are leased by the National Day float commanding department. At present, after completing its historical mission, Foton Motors auctioned the 23 car chassis that were leased. After deducting the cost of modification and service, the remaining 3.5 million yuan was donated to the China Medical and Health Development Foundation and Beijing Youth. Development Foundation, Changping Charity Association and Beijing State-owned Enterprise Party Building Research Association.
In March of this year, when the preparations for the National Day began, experts from the National Day Command decided to select Foton Motor as the chassis for the production of floats after making a lot of research work. Foton Motors is the most complete and largest commercial vehicle company in China, and its products are all self-owned brands, and have the ability to produce world-class automotive products. Foton Motor is both Beijing's new energy vehicle design and manufacturing industry base and China's largest commercial vehicle manufacturing and manufacturing base. Regardless of whether it is from design or manufacturing, Foton Motor has the ability to produce a special chassis for floats.
It is understood that Foton Motor, together with the upstream suppliers, has specially developed a 12-liter large-displacement, high-horsepower engine, a 12-speed high-speed transmission, and a new high-capacity high-torque rear axle to meet National Day floats at low speeds. Demand for stable driving under high load conditions. This is a major technological breakthrough in the commercial vehicle industry. Foton Auto News spokesman Zhao Jingguang told reporters: The breakthrough of Foton Motors in the National Day float will help enhance the performance of its commercial vehicle products in mountainous areas, at low speeds and under large load conditions.
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