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Six Beijing-based enterprises including Beijing Foton Motors, China Railway Construction Co., Ltd. and Beijing Construction Engineering Group signed a strategic cooperation agreement at Huairou Foton Auto Auman Heavy Duty Truck Plant on the 6th. This is Foton Motor's signing of a contract with Sinopec Corp. and China Railway Construction on February 12th. Once again, Futian signed a long-term strategic cooperation agreement with Beijing's central government enterprises and major Beijing-based enterprises within one month. According to the agreement, Foton Motor will establish long-term and stable strategic partnerships with other seven contracted companies in the future to achieve extensive cooperation in the value chain such as R&D, manufacturing, procurement, market development, and brand communications. The deputy mayor of Beijing, Mr. Lou Zhongwen and other leaders attended and witnessed the signing ceremony.
Similar content with Sinopec Corp. and China Railway Construction Co., Ltd., Foton Motor and China Communications Co., Ltd. and other seven companies will also focus on information sharing, market interoperability and other aspects. Foton Motor will establish information communication and liaison systems with 7 companies to exchange product information. At the same time, seven companies such as China Communications Investment Co., Ltd., etc., promised to give priority to the opening of the market for Foton Motor and to include Foton Motor as the preferred supplier of logistics equipment, engineering construction, and business affairs.
The deputy mayor of the city of Beijing, Lou Zhongwen, delivered an on-site speech. It is understood that CCCC is one of the world's top 500 central enterprises, Beijing Construction Engineering Group, Beijing Jinyu Group, Beijing Suzhu Group, Shougang Corporation, Beijing Capital Tourism Group, Beijing Yanshan Petrochemical 6 Home companies are also large state-owned enterprises in Beijing. According to Zhao Jingguang, spokesperson of Foton Motor News, “The cooperation will achieve a win-win situation between Foton Motors and contracted companies. On the one hand, these companies are large car owners and will provide greater opportunities for the market expansion of Foton Motors products. We will increase the sales volume of Foton Motor, promote the optimization and upgrading of the product structure of Foton Motor, and effectively promote the steady and rapid development of the Beijing auto industry.Further, through the strategic cooperation with Foton Motor, Foton Motor will be responsible for its logistics transportation and engineering construction. Provide more reliable product and service guarantees, and these companies will undoubtedly reduce vehicle costs."
It is reported that this strategic cooperation has been greatly promoted and supported by the Beijing Municipal Government and the Beijing State-owned Assets Supervision and Administration Commission. In order to achieve stable and rapid economic growth in the capital under the financial crisis, the Beijing Municipal Government is actively promoting strategic cooperation and mergers and acquisitions among large state-owned enterprises. The strategic cooperation and alliance between enterprises has become a new strategic thinking and business philosophy to deal with the current financial crisis. The cooperation between Foton Motor and China Communications Group and other state-owned enterprises is a further exploration of this development concept.
Second, in addition to the signing of the contract, the reporter also learned that the favorable news in the first quarter of Foton Motor has continued and the success has been frequent. With the Beijing New Energy Design and Manufacturing Industrial Engineering Base settled in Futian, the orders for Euro V new energy buses will also come from all directions. The 800 new energy buses signed with Beijing Transit will also be delivered first at the end of March; Foton Motors Changsha Sales of automobile products from factories such as automobile plants and Zhucheng Automobile Plant continued to increase, and they continued to create new highs. The sales of the products of the Foton Automobile Zhucheng Ao Ling factory era even saw a “blowout†growth. As of mid-February, sales increased by 251% year-on-year. "With the support of relevant national policies and the municipal government, we have actively adopted a series of development measures to cope with the international financial crisis. We have not reduced our salaries, made no layoffs, and ensured the normal development of our business. This will undoubtedly help boost Foton Motor. The steady and rapid development will be achieved in 2009. The market will be the most powerful answer.†Zhao Jingguang’s speech has full confidence in the development of Foton Motor.
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December 05, 2024