June 1, Chengde City, Hebei Province, Beijing Automotive Group, and Beijing Foton Heavy Industries Group Jianlong signed a cooperation agreement in Beijing, the Quartet will jointly set up in Hebei Chengde Foton engine parts manufacturing center cum pumping machinery Xuanhua Fukuda Resa Plant Phase II Rehabilitation. It is understood that the production of engine parts manufacturing center of the main engine and chassis castings castings and other related core components.

    Zhao Jingguang Foton Motor spokesman said the Foton engine parts manufacturing center in Chengde, a total investment of 500 million yuan, of which 255 million invested Foton, accounting for 51% of shares, is the controlling party. Foton in the process of rapid development, continue to strengthen the core components of R & D and manufacturing capability. The establishment of new parts company, marking the Foton Motor vehicle and parts to accelerate the integration process. In the future, will take full advantage of Foton parts supply channels, improve their internal support system, which in turn enhance the core competitiveness of the business vehicle to create the conditions.

    Foton side believes that completion of the two major investment in Hebei project, will greatly improve the company's production capacity and product quality, while reducing production costs and improve competitive advantage also of great significance.