Foton Motor Group was founded in 1996 and listed in Shanghai Stock Exchange in 1998. Foton is member of BAIC Group, which is a Fortune 500 company. With 32,000 employees and USD 14 billion operating revenue, Foton has sold its products to more than 110 countries and regions across the world, developing into a state-owned internationalized leading manufacturer of commercial vehicles in China.Foton has produced and sold 9 million vehicles in total, ranking first in Chinese commercial vehicle sector for 14 consecutive years and commercial vehicle inventory; With 610,000 exported vehicles, Foton ranks first in Chinese commercial vehicle export volume for 9 consecutive years. According to Top 500 Most Valuable Brands in China released by World Brand Lab (WBL), Foton ranks 34th with its brand value of USD 22.2 billion. As for vehicle industry and commercial vehicle sector, Foton ranks the fourth and the first respectively. Foton is known as one of the most valuable commercial vehicle brands in China because it has ranked first in Chinese commercial vehicle industry for 15 consecutive years. When it comes to business development, Foton has developed into a commercial vehicle enterprise that produces all series of commercial vehicles, including heavy duty truck, medium duty truck, light duty truck, VAN, pickup and SUV, mini truck, large and medium-sized bus, so it can provide solutions for customers in all series of commercial vehicles. Foton works with world-class enterprises to build economical, high-quality and high-performance powertrain and high-quality products. Foton carries out joint venture with the largest commercial vehicle manufacturer in the word-Daimler to build ¡°Foton Daimler¡± in the hope of producing and selling high-quality trucks;Foton carries out joint venture with word¡¯s leading independent engine manufacturer-Cummins to build ¡°Foton Cummins¡± in the hope of establishing a high-standard diesel engine production base; Foton carries out joint venture with one of three largest gearbox brands-ZF to build ¡°Foton ZF¡± and ¡°ZF Foton¡± in the hope of establishing a world-class gearbox production base. Foton has created a global R&D system that is based on 1 Beijing Innovation Center and 2 overseas technology R&D centers under the support of 8 Chinese vehicle application and development centers and 3 joint venture technical centers. Till now, Foton has recruited over 3,000 R&D engineers, including more than 150 foreign experts. Thus, Foton can enjoy strong supports from its powerful R&D network while developing new products and technology. Foton has established 21 factories in Beijing, Hebei, Shandong, Hunan and Guangdong, including 13 vehicle factories and 5 engine factories. Till now, it can produce 700,000 vehicles and 600,000 engines respectively every year; by the end of 2020, Foton will have manufactured 750,000, 1.02m and 550,000 vehicles, engines and gearboxes respectively. Apart from Chinese market, Foton also boosts its global industry layout, it builds 4 industrial bases in Russia, Thailand, Vietnam and Kenya and 27 KD factories. They can produce 100,000 vehicles every year. In addition, 6 KD factories are under construction in Algeria, South Africa and other countries, of which annual capacity is 50,000 units.