The reporter learned yesterday from Foton Motor that the company will invest in the establishment of a commercial vehicle manufacturing plant in Nizhny Novgorod, Russia, and it will be completed and put into operation in 2013. According to preliminary planning, Foton's Russian production base can produce 100,000 cars per year.
Fu Jing Automobile News spokesman Zhao Jingguang introduced that in the past two years, the Russian automobile market has gradually recovered from the financial crisis, and the automotive industry has a strong momentum of development and huge market opportunities. Nizhny Novgorod State is located in Russia's Central Federal District and is the third largest federal body in Russia. It has major industries such as machinery manufacturing, automotive, chemical industry, ferrous metal processing, forestry, pulp and paper, light industry and food industry. Better parts resources and adequate human resources.
"The 'going out' is the only way for Foton Motor to develop." Zhao Jingguang said that through the research and analysis of the global automotive market, Foton Motor proposed the "Futian Automobile 2020" strategy for the global market in 2010. , is an important measure for Foton Motor's globalization strategy. Therefore, in June 2010, Foton Motors signed a memorandum of cooperation with the Moscow City Council, and Futian Automobile's European Automotive Division and Russian Foton Motor Company were formally established. Foton Motors will use Russia as its European regional manufacturing and operations center, which will open the prelude to the globalization of Futian.
According to the “2020 Strategy†that Futian Automobile is gradually implementing, before 2015, Foton will build 5 overseas plants with production capacity of 100,000 units in India, Russia, Brazil, Mexico and Indonesia respectively; The structural adjustment, production of high-end cars and engine products, and ultimately breaking through the EU, North America, Japan and South Korea, the world's three most high-end car market, become the most advanced military developed markets in China's own brand cars.
In fact, the Russian production base was not the first project initiated by the Futian 2020 strategy. In May 2011, Foton Motor signed an investment letter of intent in Mumbai, India, officially kicking off the prelude to its globalization strategy. The plant is expected to be completed and put into operation in July 2013.
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