On November 18th, Qinghai Futian Equipment Manufacturing Co., Ltd., a special-purpose vehicle company jointly established by Beiqi Foton Motor and Qinghai Jieshen Group, held an unveiling and foundation laying ceremony in the Biotechnology Industrial Park of Xining Economic Development Zone.
Qinghai Futian Equipment Manufacturing Co., Ltd. is led by the Qinghai Provincial Economic Commission and Beiqi Holding Co., Ltd. and jointly invested by Foton Motors and Jieshen Group Co., Ltd. It is estimated that the total investment will reach 250 million yuan. The development of the new company focuses on the use of products such as Auman Heavy Truck chassis from Foton Motor to produce tractors, general flatbeds, dump trucks, sanitation trucks, and oilfield vehicles.
It is reported that after the new company is put into production, the use of special-purpose vehicles to drive the automobile industry in Qinghai Province will result in an annual production capacity of 5,000 vehicles of various special types, an annual sales revenue of over RMB 1 billion, and an industrial cluster supporting the development of spare parts and auto service trade. The sales market is mainly based in Qinghai Province, covering three provinces and regions in Gansu, Ningxia, and Tibet.
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This year, the Qinghai Provincial Economic Commission formulated an implementation plan for the equipment manufacturing industry. The implementation deadline is 2009-2011. The opinion pointed out that by 2011, Qinghai Province will concentrate its efforts on the development of special vehicles such as tractor-trailers, vans, hatch cars, fuel and grain transport vehicles, engineering dump trucks, airport special vehicles, and oilfield-specific power-driven vehicles. All kinds of special vehicles 15,000 vehicles / year production capacity. According to the development status of China's trucking industry, the company will focus on the development of light truck series and heavy truck series vehicles to form a production capacity of 25,000 heavy trucks and light trucks per year. Accelerate the development of lithium battery electrode materials and lithium battery, and do the basic work for the development of electric vehicles. By 2011, the sales revenue of the entire industry will increase by more than 20% per year, and the equipment manufacturing industry dominated by machine tools, automobiles, and sanitation equipment will be formed. The production capacity of various types of machine tools will reach 2,450 units, including 320 CNC machining centers. The numerical control rate reached more than 80%.
Foton Motor Manufacturing Settled in Qinghai