China: Foton, Huarui to set up special vehicles JV

Beiqi Foton Motor plans to invest Yuan 20m (US$3m) to set up a joint venture with Huarui Specialised Vehicle, a subsidiary of Sichuan Tengzhong Heavy Industrial Machinery, to produce special vehicles. According to a report carried by Shanghai Securities News, Foton will hold a 25% stake in Sichuan Tengzhong Futian (Foton) Subscribe to Automotive World … Continued

• By Webmaster
• November 26, 2010