China Investment Advisory Network News Foton announced that, to be 2010 -2012 to the joint venture - Beijing Foton Cummins Engine Co., Ltd. increase 680 million to meet the development of European ¢õ / ¢ö project investment needs in Europe.

     In October 2007, the National Development and Reform Commission and Ministry of Commerce approval, Beijing Foton Cummins Engine Co., Ltd. was incorporated. Registered capital 1.008 billion yuan, 1.827 billion yuan investment in fixed assets.

     Announcements, to seize the overseas market share, expand business development joint venture to create long-term stable development of the situation, the joint venture with Cummins Inc. have signed Europe ¢õ engine technology licensing contracts, and plans to further signed in June 2010 the European ¢ö engine technology licensing contracts, two contracts involving compensation fees, technology licensing.