Overseas Report: Foton AUV Bus Eyeing Philippines

2009-09-14 Source：english.chinabuses.com

English.chinabuses.com: Reports from overseas media that China’s seven biggest motor vehicle manufacturers are keen on investing in the Philippines and transforming the country as their production hub for the Chinese and other export markets.

This developed after Trade and Industry Undersecretary and Board of Investments (BoI) managing head Elmer C. Hernandez secured the investment commitments of the top officials of these companies during his recent meetings in China.

Hernandez identified these firms as Geely Group Co. Ltd., Foton Beiqi Motor Co. Ltd., Jiangling Motors Co. Ltd., Chongqing Lifan Industry Ltd. (Group Co. Ltd.), Chongqing Zongshen Group, Shineray Motorcycles China, Chongqing Yinxiang Motorcycle (Group) Co. Ltd.

“This is a welcome development as we would be having new investors in the motor vehicle sector not just in motor vehicle assembly but parts development as well. The Chinese are serious in making the Philippines as its export hub for other markets,” Hernandez said.

Foton Motor, one of the 520 key enterprises and one of the backbones in the motor industry in China, has committed to invest into bus and trucks manufacturing in the country.

Its affiliate Foton AUV Bus Company, which has strong R & D division, is capable of producing large- and medium-scale bus.

Foton AUV bus general assembly line