Foton Motor and Cummins Deepen Strategic Cooperation in Southeast Asia — — Foton Cummins Thailand Factory Formally Signed a Contract
March 31, 2023
March 30, 2023，Beijing——Foton Motor and Cummins announced，The two sides will further strengthen strategic cooperation in Southeast Asia.，AndSigned a contract to jointly invest in Foton Cummins Thailand Engine Factory，Provide power assembly for Futian Zhengda Vehicle Base and Southeast Asia Business。The signing of the contract，It marks the further strategic cooperation between Fukuda Motor and Cummins.，For a wider regional market，For more customers around the world，Provide more diversified power solutions。
As an emerging global economy,，ASEAN（Association of Southeast Asian Nations，ASEAN）It has become one of the regions with the greatest development potential in the world.，China and ASEAN have a long-term and sound strategic cooperative relationship.，No matter“The Belt and Road” Policy ，Or encourage Chinese enterprises?“Walk out”The policy of，ASEAN countries are all investment destinations that Chinese enterprises attach great importance to.。Foton Motor in recent years，Include inThailand、Malaysia、The Philippines and other Southeast Asian countries have important business expansion.，Whether it's a Truck、Passenger car，Or other special Vehicles?，Market share has gradually increased.，It has won the local market reputation.。
As the pioneer of global power technology,，Before Cummins entered the Chinese market,，It has set up its Asia-Pacific business headquarters in Singapore.。The radiation range covers the whole Southeast Asia region.，After decades of intensive cultivation,，It has established a perfect service and distribution network in the local area.。In recent years, the export scale of China's commercial Vehicles and construction machinery enterprises has been expanding.，Cummins' complete service support system in Southeast Asia is becoming more and more important.，It can help Chinese enterprises to quickly establish a sales service system.，And provide professional support，It is a great help for Chinese partners to develop their business locally.。
The win-win partnership between Foton Motor and Cummins has gone through 17 years.，From light to heavy duty engines，From complete engine to aftertreatment parts，From simple manufacturing to chain R & D，From China to the World，The strategic cooperation between the two sides has become an industry model.。The two sides will make use of the successful business platform of Fukuda Cummins Engine Company.，Continue to support Foton's vehicle business development in Southeast Asia。Both sides on market trends、Legal and regulatory requirements、As well as the vehicle and engine localization project to do a careful study of the feasibility and economic linkage.，And through multi-dimensional strategic deduction、Try and explore，The final decision was made by Fukuda Cummins to invest in an engine factory in Thailand.（Foton Cummins Thailand Engine Co., Ltd.），Promote new engine production capacity projects in Southeast Asia，It also supports the achievement of the localization rate of the Foton vehicle project in Thailand.，Meet the demand of vehicle localization rate。
As the core power parts supplier of the whole vehicle，The engine products launched by the Thai company will include all the diesel power product lines of Fukuda Cummins.，Fukuda Cummins to Invest in Thai CompanyBuild a set assembly、Test、Spraying、Flexible production line for accessory production，To meet the customization needs of customers with multiple varieties and small batches.，At the same time, it will be adoptedOracle、CMESAnd other world-class production support and operation systems。
The Thai company plans to complete its registration in 2023.，It will be put into production in 2024。Enhance competitiveness while further improving sales and market share，Finally, the ASEAN localization supply chain system will be realized.，Establishment of sales and service system。
