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Is Foton Motor a State-Owned Enterprise?

1 Answers

McClayton

07/25/25 4:45am

Not a state-owned enterprise, but state-controlled. Foton Motor is a backbone of independent brands and independent innovation in China's automotive industry. It has now formed an automotive ecosystem integrating vehicle manufacturing, core components, automotive finance, telematics, and Foton e-commerce. Among them, the commercial vehicle business covers two major segments: complete vehicles & services and automotive intelligent connectivity applications, with complete vehicles spanning five business units including trucks, buses, and commercial vehicles. Automotive Ecosystem: Foton Motor is a backbone of independent brands and independent innovation in China's automotive industry, having now formed an automotive ecosystem integrating vehicle manufacturing, core components, automotive finance, telematics, and Foton e-commerce. Strategic Cooperation: On April 17, 2019, Foton Motor officially signed a strategic cooperation agreement with Huawei. Both parties will integrate their advantageous resources to carry out strategic cooperation in fields such as in-vehicle computing & intelligent driving, intelligent connectivity, smart interconnection, intelligent energy, intelligent manufacturing, cloud services, cloud computing, and informatization, initiating the construction of a fully intelligent system in the 5G era.

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