Chinese commercial vehicle maker Beiqi Foton plans to increase its annual production capacity of heavy-duty trucks to 160,000 units by the end of 2010.
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Beiqi Foton started an Auman GTL heavy-duty truck technology upgrade project in Beijing’s suburban district of Huairou on January 14, with a total investment of over 2.6 billion yuan to support the capacity increase plan.
The Auman GTL green heavy-duty truck is described as a high-end model aimed at export to the European and US markets.
It is fitted with a Cummins heavy-duty engine and meets the Euro V emissions standards.
Beiqi Foton expects to accelerate its global expansion by implementing five key projects, including the construction of the Auman GTL production base, a multi-purpose vehicle plant, a gasoline engine plant, a heavy machinery plant and a ‘global business centre’.
Beiqi Foton’s spokesperson Zhao Jingguang told Xinhua that the company is expected to complete construction of the five projects by 2012. It also plans to build five overseas plants, each with annual production capacity of 100,000 units, in five South Asian countries.
Sales of Beiqi Foton totalled 600,000 vehicles during 2009.
By 2020, the firm is aiming for annual sales of 4m vehicles.
