The Russian automotive industry is recovering, and about 60% of the auto parts market relies on imports
Export data is impressive, with new energy becoming the absolute protagonist
In January 2025, the overall performance of the commercial vehicle market was poor, and Foton Motor rose against the trend
The cumulative export value of automotive parts products in 2024 reached 105.61 billion US dollars, a year-on-year increase of 6.8%
Recently, Yutong Bus released its performance forecast for 2024, expecting to achieve a net profit attributable to the parent company of 3.82 billion yuan to 4.27 billion yuan, a year-on-year increase of 110% -135%. The significant increase in the company's export sales has become an important factor in its performance improvement. Against the backdrop of a sluggish domestic commercial vehicle market, exports have become the second growth curve for many commercial vehicle companies. Foton Motor, Yutong Bus, China National Heavy Duty Truck Group, and others have been deeply cultivating overseas markets, while accelerating the transformation and upgrading of their overseas business models.
Powerful power, efficient galloping
What is the future development trend of Dongfeng Cummins?
Foton Cummins engine global export 600000 units offline
Beiqi Foton's overseas exports exceeded one million vehicles
According to Cummins China, on November 21, 2024, Cummins, BAIC Foton, and Foton Cummins jointly signed a tripartite digital intelligence cooperation agreement with the theme of "Car Connectivity, Intelligence, Integration, and Win-win".
