Foton, shortened for the Beiqi Foton Motor Co., Ltd., was founded on August 28, 1996. It is a state-owned holding company with different types of ownership and a company listed in the stock exchange market. Its business operation extends in various regions and sectors. During the 11th Five-Year Planning period, Foton will mainly develop both independent intelligent property right and independent brand, actively promote international cooperation, and cultivate international competitive advantages under the guideline --- high quality, low cost, globalization. By 2010, Foton will stand as a million-level commercial vehicle manufacturer and to be a world-class player with oversea sale volume accounting for 20% of total sales.
