Daimler Truck & Foton Start Production of Mercedes-Benz Trucks
Daimler Truck AG and Beiqi Foton Motor Co Ltd jointly announced that both partners will produce and distribute Mercedes-Benz tractors for
Daimler Truck AG and Beiqi Foton Motor Co Ltd jointly announced that both partners will produce and distribute Mercedes-Benz tractors for an advanced market segment in China. Based on Daimler Trucks’ global platform strategy, the companies’ joint venture Beijing Foton Daimler Automotive Co Ltd will localize new heavy-duty tractor models Made in China for China, fully adapted to Chinese customers’ requirements. The vehicles will get state-of-the-art Daimler Trucks technology. Start of production of the heavy-duty tractor models is scheduled in two years from now in a new truck plant in Huairou in Beijing owned by BFDA. The joint venture invests of more than 485 million euros for the acquisition of the plant and the set-up of new infrastructure and production lines.
At the same time Daimler Truck will continue to import and sell other models of its Mercedes-Benz portfolio both through the existing dealer network and direct wholesale to answer the customers need for top-of-the-line trucks for special applications – for example concrete pumps for China’s rapidly growing construction sector.
The new heavy-duty Mercedes-Benz tractors for China will fully capitalize on Daimler Trucks’ platform strategy and will be powered by a state-of-the-art engine from Daimler Trucks global powertrain unit. The new Mercedes-Benz tractors will be fully adapted to the specific requirements of varied Chinese customers.
Daimler Trucks and Foton plan full-fledged local production to start operation in two years from now, supported by a local supplier base, which will be further strengthened over the coming years. Details on the product specifics and its market introduction will be announced at a later time.