Futian Automobile and Weichai Power Strategic Cooperation will jointly develop the national five and six standard heavy trucks
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According to news from Foton Motor's official website, the company and Weichai Power have signed a new round of strategic cooperation agreement. In the future, both parties will use their respective leading technologies to jointly develop the country's V- and VI-rated heavy-duty truck products. It is reported that the output of Foton Auman heavy trucks currently equipped with Weichai engines has reached 600,000 vehicles.
Weichai Power informed people told reporters earlier that Foton Motor is the company's largest customer. According to Weichai Power's 2013 annual report, sales of Weichai Power from Futian Daimler in 2013 were 6.709 billion yuan, accounting for 11.51% of the total annual sales.
The Foton Motor Annual Report also shows that Weichai Power is the largest supplier of Foton Motors. According to statistics, more than half of the heavy-duty truck engines of Foton Motor come from Weichai Power. At the same time, Weichai Power is the ninth largest shareholder of Foton Motor and holds 40 million shares of Foton Motor, accounting for 1.42% of the total shares.
On April 8, Foton Motor and Cummins signed the Euro 6 engine development contract, and Beijing Foton Cummins Engine Co., Ltd. was approved to develop 11-liter and 12-liter engines for trucks that meet the Euro 6 emission standards. Previously, Foton Cummins was only authorized by Cummins to produce light truck engines.
It is reported that Foton Cummins Engine Co., Ltd. is a joint venture engine company established by Foton Motors and Cummins at a ratio of 50:50. Prior to this, Foton Cummins Engine Co., Ltd. mainly produced light-duty diesel engines, and its annual production and sales volume has exceeded 100,000 units. A person in the automobile industry once said that with the approval of Foton Motor to manufacture heavy truck engines, Weichai Power may face the risk of losing customers.
Weichai Power Chairman and CEO Tan Xuguang expressed at the signing ceremony of strategic cooperation that Foton Motor is the most intimate strategic partner of Weichai Power. Both parties are no longer a simple supporting relationship, but are in a multi-domain, multi-level depth. Cooperation. In the future, Weichai Power, as the first strategic supplier of Foton Motor, will support Foton Motor to achieve greater development in the new round of competition.
Futian Automobile General Manager Wang Jinyu also stated that. In the new round of strategic cooperation, the two parties will work together to continue to maintain Weichai Power's position as the first strategic supplier of Foton Motor. In addition to Auman heavy trucks, Foton Motors and Weichai Power also cooperated in various fields such as passenger cars and pumping machinery.
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