Daimler is investing around EUR700m in its Chinese truck joint venture with Beiqi Foton.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The venture is a 50-50 joint venture and will produce around 100,000 turcks a year from 2012. In addition it will produce diesel engines from 2011.


The two companies announced that they would work together in August last year. They are now reportedly exploring further global cooperations outside of China and looking at Russia, South Asia and Latin America.


The joint venture is called Beijing Foton Daimler.


Daimler currently has no truck manufacturing operation in China, though it does produce cars and light trucks there.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Beiqi Foton is one of the smaller players in the Chinese truck market, and will benefit from being able to grow with the Daimler investment. Daimler will also help boost the company’s status in the country, according to one financial analyst interviewed by Reuters.


Beiqi Foton is forecasting 18% annual growth in the Chinese truck market in the next two years. Commercial vehicles sales were up 7.6% in the first 11 months of last year to 2.47m vehicles.