Foton gets New Order of 80 New Energy Buses
2011-07-20 Source:www.chinabuses.org:
Summarize:As the only new energy commercial vehicles industrial production and sales company in China, “new energy vehicles” and “new energy business” are very important in the twelfth five-year development strategy of the company. Information shows that in 2015, the total sales of FOTON are 1.5 million units, including new energy vehicles are 225 thousand units, over 15% of the total sales, which is FOTON’s planning.
www.chinabuses.org: New energy business is spotlighted and orders continue. On July 16th FOTON noticed that the company had signed a contract of 80 new energy buses with Changsha Zhongwang Bus Company and Changsha Sanyelianying Bus Company.
The development of New energy business of FOTON is booming this year. On May 17th the company noticed to have signed a contract of 15 FOTON AUV Hybrid Buses with Hunan Bus Company. On May 18th FOTON’s notice said the company had signed a contract of 1060 pure electric vehicles (including the chassis). Furthermore, the company invested 1.2 billion Yuan for new energy vehicles in Zhongshan, Guangdong, which is able to produce 20 thousand new energy vehicles after the completion.
At present, new energy vehicle business accounts for 3% of the company’s income. The company says above orders have little effect on the profits but are good for the expansion of AUV Hybrid Buses in the international market.
As the only new energy commercial vehicles industrial production and sales company in China, “new energy vehicles” and “new energy business” are very important in the twelfth five-year development strategy of the company. Information shows that in 2015, the total sales of FOTON are 1.5 million units, including new energy vehicles are 225 thousand units, over 15% of the total sales, which is FOTON’s planning.
It’s said in the research report of Sealand Securities in January this year, at least 4000 new energy buses will be used in China in 2011, 30% of which belongs to FOTON, and the sales shall be 1.2 thousand units.
Since 2004, FOTON has established new energy vehicles technology center and key lab for energy saving & emission reduction, etc. At present FOTON owns three green energy technologies of clean energy technology, alternative energy technology and new energy, and four core design and manufacture engineering centers of hybrid, pure electric, hydrogen fuel and energy-efficient engines.
Total sales of FOTON in 2010 was 682.9 thousand, including the sales of new energy vehicles are 1905 units, year-on-year rises of 42.91%
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