The Thai company plans to complete the registration in 2023 and start production in 2024. While enhancing competitiveness, further increase sales and market share, and finally realize the establishment of ASEAN localized supply chain system, sales and service system.
As a global emerging economy, ASEAN (Association of Southeast Asian Nations, ASEAN) has become one of the regions with the greatest development potential in the world. China and ASEAN have a long-term and good strategic cooperative relationship, whether it is the “Belt and Road” policy or encouraging Chinese enterprises With the policy of “going out”, ASEAN countries are all investment destinations that Chinese enterprises attach great importance to. In recent years, Foton Motor has made important business expansion in Southeast Asian countries including Thailand, Malaysia, and the Philippines. Whether it is trucks, buses, or other special-purpose vehicles, its market share has gradually increased and it has won a good reputation in the local market.