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Beiqi Foton debuts its first car

By Hao Zhou (chinadaily.com.cn)
Updated: 2008-04-11 15:26

Nearly one million equivalent models to the MP-X Midi are sold in Europe annually, Wu added.

Ye Ziqing, assistant to the general manager of Beiqi Foton, said that successive Foton car models will mainly target medium- and high-end car users.

In addition, Foton also plans to add a car production line with annual output capacity of 300,000 cars and sport utility vehicles (SUVs) to its plant in Nanhai district of Foshan City, Guangzhou Province. Construction is expected to be complete in one or two years.

Beiqi Foton, which primarily produces commercial vehicles, sold 125,000 vehicles in the first quarter of this year, an increase of 28.1 percent year on year. A record 65,000 units were sold in March alone, accounting for half of the domestic commercial vehicle market.

(For more biz stories, please visit Industries)

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