Foton expanding presence in Thailand

摘要

Thailand - China's leading truck manufacturer, Beiqi Foton Motor Corporation of Beijing, is expanding its footprint in Thailand following the establishment of a new wholly-owned import and distribution subsidiary in the country. The new company, Foton Automobile (Thailand), is based in Bangkok with a registered capital of THB102m (USD2.9m). It is to take over responsibility for Foton's brand distribution from United Motors Company Ltd, which has struggled to generate significant growth momentum so far. United Motors is to remain an authorised dealer for the brand, however. Foton plans to have 26 sales outlets in place in Thailand by the end of the year, rising to 70 by the end of 2017.