Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Industries
 Search News  Or
Beijqi Foton to make passenger car in Beijing

Jun. 14, 2012 (China Knowledge) – Beiqi Foton Motor Co Ltd<600166>, China's largest commercial vehicle manufacturer in China, plans to set up its first passenger vehicle manufacturing plant in Miyun County, Beijing, to enter the passenger vehicle market.

The automaker said that it is restructuring its multi-function car factory in Miyun County and aims to begin producing passenger vehicle by 2015.

According to Foton Motor's 2020 strategy, the automaker expects to realize an annual output capacity of 4 million units with annual sales revenue of RMB 500 billion by 2020.

In the first quarter of this year, the Chinese automaker saw its operation revenue declined 7.84% YoY to RMB 13.54 billion. However its net profit for the period skyrocketed 225.61% than a year earlier to RMB 1.42 billion.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved