Beiqi Foton Motor is investing in the Asian and Australian markets

November 21st Beiqi Foton Motor Co, Ltd has announced about its plans to set up for the markets their products in Kenya, Indonesia and Australia, with investment capital of more than 2 million of dollars for each.

The company is intending to spend 2.18 million of dollars for the industry creation in Kenya that is about 13.9 million of yuan. Beiqi Foton Motor Co, Ltd has a positive attitude to the market growth of Eastern Africa and therefore is already acquired with the subsidiary of 99% stake of the new enterprise in Kenya which is the sales leader in the region according to their opinion. The task of a new branch office in Kenya will be an after-sale service and the Foton brand promotion.

In addition Beiqi Foton is planning to invest in the Indonesian branch located in Jakarta 2.43 million, which is about 15.47 million of yuan. The company will acquire 99% stake in the company in Jakarta, as they believe the Indonesian automotive market is very promising.

Another 2 million of dollars or 12.76 million of yuan, the company will spend on the creation of a subsidiary in Sydney. According to Beiqi Foton, the Australian market is quite stable and mature for integration, which will raise the company's image.

22 December 2011
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