BEIJING, April 25, 2023 /PRNewswire/ — FOTON held the New Energy Vehicle Conference on April 13 in Beijing, announcing the update of the company’s new energy vehicle strategy to 2.0 from 2023. With Following the New Energy 30•50 business strategy, FOTON aims to have new energy vehicles account for more than 50% of its total sales by 2030 and become a world-class new energy commercial vehicle company. FOTON also aims to achieve carbon neutrality by 2050 and become a world leader in green transport ecology.

In 2022, FOTON’s total sales reached 460,000 vehicles, with new energy vehicle sales of 21,761, representing a year-on-year increase of 154.81%. Chang Rui, Chairman of FOTON, stated that the company regards the new energy strategy as its main development strategy and invests in the main track of new energy, accelerating development along the entire value chain, including investment, research and development, supply chain, business models and marketing ecology.

FOTON began research and development of new energy vehicle technology as early as 2003, becoming the first Chinese company to commercialize hydrogen fuel cell vehicles and pure electric products. It successfully served high-level international events such as the 2008 and 2022 Olympic Games. FOTON has independently developed pure electric, hybrid, and hydrogen fuel cell technologies and its new energy products, including light trucks, vans, and buses. electric vehicles, have passed the EU WVTA certification and are now fully entering Italy, Poland, Spain and other European countries, while partnering with European light commercial vehicle companies.

It is understood that the specific implementation path of Foton’s New Energy Strategy 2.0 is the “1-2-3-X” architecture. “1” refers to the goal of becoming a world-class new energy commercial vehicle company. “2” refers to two markets, China and overseas. “3” refers to the three-pronged approach of product leadership, technological leadership and ecological chain integration. “X” includes exclusive platforms, independent technology, core modules, low-carbon industrial chains, business ecology, intelligence, energy technology, green technology and others.

With a sales target of 150,000 new energy vehicles by 2025, FOTON will initially set up a new energy-ecological closed-loop system of “vehicle battery charging solar energy storage charging intelligence”. By 2030, in cooperation with green partners, FOTON new energy ecology will become the largest producer of electric commercial vehicles and the largest clean energy provider in the new energy commercial vehicle market.

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