Foton Motor to set up R&D center in Germany

Shanghai September 3 (Gasgoo.com) China's biggest commercial vehicle producer, Beiqi Foton Motor, will invest 5 million euros ($426,000 yuan ) to set up a R&D center in Stuttgart, Germany, Shanghai Securities News reported Friday.

Foton Motor, a subsidiary of Beijing Automotive Industry Holding (BAIC), said establishing overseas R&D center is currently an effective way to enhance the company's research and development capacity in battery and electronic control system.

Additionally, as you can see below, Foton Moton has changed its logo at the end of last month, and all its vehicles will carry the new logo from September.