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Foton Motor aims to sell 200,000 new energy CVs by 2025

Monika From Gasgoo| November 18 , 2019

Shanghai (Gasgoo)- Beiqi Foton Motor Co., Ltd. (Foton Motor), Daimler's Chinese truck venture partner, is ambitious to sell 200,000 new energy commercial vehicles (NECV) by 2025, a part of its all-new NEV strategy launched on November 16.

Aiming to be China's No.1 NECV brand, Foton will strive to garner 30% share of the country's total NECV sales by 2025 with an expected sales revenue of RMB15 billion, according to the newly-launched strategy.

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The launch of the “2025” strategy means than Foton Motor has formulated a more lucid roadmap as it is trying to seize a high ground of future NECV development, laying the necessary groundwork for the CV manufacturer's wish to lead the global NEV-focused urban logistics field. Based on the strategy, the company will use electric logistics vehicles to operate urban delivery and terminal logistics businesses.

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At the launching ceremony, Foton Motor forged a partnership with CATL, Aulton, SinoHytec, BIT HuaChuang Electric Vehicle Technology Co.,Ltd and Neusoft REACH for the joint R&D of power battery technology, hydrogen fuel technology and intelligent connectivity for NEVs.

Under the new strategy, Foton Motor is ready to pump RMB6 billion into R&D works and provide its industrial chain and market service system with RMB12 billion capital infusion, covering plants, service, talent pool and dealerships.

The goal is to be achieved by simultaneously developing BEVs, PHEVs and FCVs. Of those, all-electric light-duty and mini-sized commercial vehicles will be primarily used in urban delivery and terminal logistics businesses in various practical scenarios. The fuel cell-powered heavy-duty trucks and buses will be applied in demonstration operation to meet specific demands in logistics and passenger transport. Besides, the PHEV technology will be utilized to develop products serving longer-distance mobile travel business (photo source: Foton Motor's WeChat account)

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