BAIC Foton Motor Co., Ltd.

Beiqi Foton Motor Co., Ltd. (Foton Motor for short) was established on August 28, 1996. It is a cross-regional, cross-industry and cross-ownership state-controlled listed company. Headquartered in Changping District, Beijing, it has assets of more than 7 billion yuan and more than 23,000 employees. It is a large-scale enterprise group with Beijing as its management center and has complete vehicle and parts divisions in eight provinces and municipalities including Beijing, Tianjin, Shandong, Hebei, Hunan, Hubei, Liaoning and Guangdong. It also has overseas R&D institutions in countries and regions such as Japan, Europe and Taiwan. It is the largest and most comprehensive manufacturer of commercial vehicles in China. Since its establishment, Foton Motor has relied on a complete corporate governance structure and adhered to the path of technological innovation, market innovation, mechanism innovation and management innovation, achieved rapid development, and grown into a backbone of independent brands and independent innovation in the Chinese automobile industry. The completion of the key laboratory for energy conservation and emission reduction has enabled Foton Motor's technology research and development to reach the internationally advanced level. Foton Motor currently owns nine major business brands including Auman, Foton Euro V, Omark, MP-X Monpike, Foton Scenery, Foton Legend, Ollin, Times Motors and Sapp. It has produced and sold more than 2.2 million vehicles in total, with a brand value of 17.538 billion yuan, ranking third in the automobile industry and first in the commercial vehicle industry. Foton Motor has been praised by party and state leaders as "a modern enterprise that integrates many reform achievements". The industry calls it "the enterprise with the fastest development speed and the best growth potential in China's automobile industry". It has successively won the "National May 1st Labor Award" and "National Advanced Enterprise in Quality Management"