Foton Daimler Auto Company establishes
(chinatrucks.com, Sep 27, 2010) It is disclosed by Foton auto on Sep 26th, 2010 that Foton and Daimler Shares Company as well as Daimler North East Asia Investment Company Limited have established a JV company, which is named Beijing Foton Daimler Auto Company Limited. It is responsible for the production of medium and heavy duty van and engines.
The boards of directors of the JV Company have agreed with the “Agreement of Joint Venture Operation” signed on July 16th, 2010 by Foton and Daimler Shares Company as well as Daimler North East Asia Investment Company Limited. Foton has Auman medium and heavy truck business amounts to 316,200,000 Euros. Foton agrees that “Foton” trademark could be used in China by the JV Company.
This JV program belongs to medium and heavy van and engine program in accordance with the before published agreement contents. The overall investment is 635,060,000 Euros. It is invested by Foton, Daimler Shares Company and Daimler North East Asia Investment Company Limited.
Foton has invested 280 million Euros, the current Auman sales revenue, and it has taken 50% shares. Daimler Shares Company and Daimler North East Asia Investment Company Limited have respectively taken 40% and 10% shares.
Views:0
Submit Your Requirements, We Are Always At Your Service.
- Foton, COSCO Shipping Move to Secure Capacity as China’s CV Exports Rise 2026-03-24
- Foton Exports First Batch of Thailand-Built Light Trucks to Indonesia 2026-03-17
- Foton Cavan Ships First Batch of CAVAN C1 Electric Vans to Europe 2026-03-13
- 40 FOTON AUMAN Trucks Were Successfully Delivered 2026-03-12
- FOTON Signs Over 1,000-Vehicle Deal with Nigeria’s Dangote Group 2026-03-02
- Drive to Great: Foton Expands Its Global Footprint in 2025 2026-02-24
- Foton Delivers AUMAN R Tractor Trucks to a Major Port in Central Asia 2026-02-09
- Foton Records Strong Growth in 2025 with Over 650,000 Vehicle Sales 2026-01-14
- Foton Launches New Electric and Medium-Duty Trucks in Singapore 2026-01-06
- FOTON Delivers Over 100 Light-Duty Trucks to West Africa 2025-12-19
- Foton, COSCO Shipping Move to Secure Capacity as China’s CV Exports Rise
- The 11th DISCOVERY TRUST Awards Successfully Held in Beijing, China
- Chinese Heavy Truck Makers Shift to Value-Driven Global Expansion
- Shandong Heavy Industry and Kazakhstan’s Karaganda Region Ink New Deal
- China’s Diesel Trucks are Shifting to Electric
- Indonesia’s State-led Firm Set to Purchase 320,000 Vehicles
- SANY Truck and Pony.ai to Mass-Produce Gen-4 Autonomous Trucks in 2026
- FOTON Boosts Local Manufacturing in South Africa
- Office Closure for National Day Holiday
- FORLAND Rolls Out Its 6.8 Millionth Vehicle
- China Heavy Truck Sales Fall to 73,600 Units in February
- China’s Medium-Duty Truck Sales Fall to 8,125 Units in February, 2026
- China’s February Light Truck Sales Fall 23% to 117,200 Units
- China’s Mini Truck Sales Rise 15% in February to 41,500 Units
- China’s Light Truck Market Rises 8% in January 2026 to 323,500 units
- China’s Pickup Sales Reach Five-Year January High as Market Momentum Builds
- Heavy Truck Sales Soar 46% to 105,400 Units in January 2026
- January Medium Truck Sales Hit 14,100, Up 33%
- China’s Truck Exports Top 1 Million Units for the First Time in 2025
- China Tractor Truck Sales Up 54% in Dec., 2025 Full-Year Sales 460,000 Units
