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In February 2012, Beiqi Foton Motors Co., Ltd. and Daimler AG established a 50-50 joint venture, Beijing Foton Daimler Automotive Co., Ltd., at an investment of RMB6.35 billion. [ 1 ] [ 7 ] The joint venture would take over Foton's existing Auman medium- and heavy-duty truck business, including production sites, sales and service network.
Founded in 1958, [2] it is the sixth largest automobile manufacturer in China, with 1.723 million sales in 2021. ... Beiqi Foton Motor Co., Ltd. (Foton Motor) is a ...
Beiqi may refer to: Northern Qi (550–577; 北齊/北齐 Běi Qí), a dynasty in North China during the Northern and Southern Dynasties period; BAIC Group (北汽 Běiqì), Chinese automobile and machine manufacturers, abbreviated as Beiqi in Chinese Foton Motor, also known as Beiqi Foton Motor, a subsidiary of BAIC Group
The Foton Sauvana (Chinese: 福田萨瓦纳; pinyin: Fútián Sàwǎnà) is a mid-size SUV sold by the Chinese manufacturer Foton Motor in China. The Foton Sauvana debuted during the 2014 Guangzhou Auto Show in China.
In February 2013, Daimler acquired a 12% stake in BAIC Motor, becoming the first western car manufacturer to own a stake in a Chinese company. [71] Daimler works with China's Beiqi Foton (a subsidiary of BAIC) to build Auman trucks. [72]
During Prime Minister Imran Khan's visit to Beijing for the Belt and Road initiative, he visited the plant of Beiqi Foton and acknowledged MMCL's successful sales of over 17,000 commercial vehicles in the past. [6] The company achieved significant growth in the past year despite tough competition in the market.
The new company later moved to Stuttgart. With both investment and manufacture by Beiqi Foton Motor (a subsidiary of BAIC, a major Chinese automotive group), the Borgward group had started to sell SUVs by January 2017. It filed for bankruptcy in Beijing on April 8, 2022. [27] [28]
The company carried the name and logo of the former German brand Borgward. Design and engineering was located in Germany, but the cars were produced in China by Foton Motor. Borgward started its business with a range of conventional SUVs, with sales reaching approx. 75,000 units by January 2018.