600166 Beiqi Foton Motor
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Beiqi Foton Motor News
In April, sales of 4,590 vehicles in the domestic NEV heavy truck market increased by 102%
On May 15, according to the latest data obtained by the First Commercial Vehicle Network, in April 2024, the domestic NEV heavy truck market sold a total of 4,590 vehicles (note: the data in this article is the actual sales volume of Jiaotong Insurance, excluding exports and military vehicles, same below), down 13% from March, and continued to grow year-on-year, reaching 102%. This is the 15th month in a row that the NEV heavy truck market has continued to grow.
Foton Motor (600166.SH): Foton Motor's exports are mainly concentrated in South America, West Asia and North Africa
Gelonghui, May 14 | Foton Motor (600166.SH) disclosed a record sheet of investor relations activities, showing that Foton Motor's exports are mainly concentrated in South America, West Asia and North Africa. Foton Motor began expanding overseas markets as early as 2004, and has a first-mover advantage in overseas business. At present, the overseas business has spread to more than 130 countries and regions around the world. The overseas market has laid out more than 1,000 overseas distribution outlets and more than 1,200 service outlets. In markets such as Colombia, Chile, and India, it has a leading edge in the local truck industry or industry segments; second, the company attaches great importance to investment in technology and R&D, and continues
Foton Motor (600166.SH): The light passenger market continued to grow in the first quarter and sold more than 90,000 vehicles
Gelonghui, May 14 | Foton Motor (600166.SH) disclosed a record sheet of investor relations activities, showing that in the first quarter of 2024, the light passenger market continued to grow, with cumulative sales of more than 90,000 vehicles, an increase of 7% over the previous year. We expect the light passenger industry to maintain a steady or slight growth trend within three years. The main driving factors are: ① the deep increase in the level of urbanization, especially the increase in the third- and fourth-tier urbanization rate, driving the growth of total urban logistics volume; ② Light Bus New Energy's 7-8 square products are the first in the commercial vehicle sector to achieve the same price of oil and electricity. Combined with its new business model, it has reduced the number of urban logistics practitioners
Foton Motor (600166.SH): The company's overall sales target for 2024 will increase by 700,000 vehicles, mainly from new energy, the Southern market and export business
Gelonghui, May 14 | Foton Motor (600166.SH) disclosed an investor relations activity record table showing that in 2024, the country's policies to boost the economy will continue to be released, and the overall economy will continue to recover steadily. At the same time, Chinese commercial vehicle brands have made significant progress in technical indicators such as safety, environmental protection, power, economy, comfort and reliability, and increased product strength, which has further promoted the repurchase and sales growth of overseas users. Overseas exports will also maintain a certain growth rate. In summary, the company determined that total commercial vehicle sales will increase by about 10% year-on-year in 2024. The company's overall sales target for 2024 7
CICC: Overseas export business drives profit flexibility, revives and boosts the boom in heavy natural gas trucks
According to the China Automobile Association, the wholesale sales volume of heavy trucks in 1Q24 was 272,000 units, +12.9%/+33.3% year-on-month, and the industry's “good start” was realized during the seasonal peak season.
Beiqi Foton Motor's Production, Sales Fall in April
Beiqi Foton Motor's (SHA:600166) production declined to 41,006 units in April from 47,091 units in the year-ago period while sales fell to 45,066 units from 51,025 units in the year-ago period, accord
Quick report on production and sales data of various products for April 2024
Foton Motors (600166.SH): Total sales volume of automotive products in April was 4,566 vehicles
Gelonghui, May 8, 丨 Foton Motor (600166.SH) released a quick report on production and sales data for various products for April. The total sales volume of automobile products was 4,5066 units, with a cumulative sales volume of 2,0093 vehicles this year.
Do Its Financials Have Any Role To Play In Driving Beiqi Foton Motor Co.,Ltd.'s (SHSE:600166) Stock Up Recently?
Beiqi Foton MotorLtd's (SHSE:600166) stock is up by a considerable 13% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-t
Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the high increase in gas heavy truck+ exports is both improving, and the trade-in policy is further stimulating, and the heavy truck sector is expected to continue to improve in the 24-25 years. 1) The combination of factors such as continued widening oil and gas price differential+falling freight rates+gradual diversification of gas vehicle product types drove a rapid increase in gas vehicle cost performance and customer acceptance; at the same time, domestic natural gas supply is abundant, local gas station construction accelerates, supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase rapidly from 2024 to 2025; 2) Heavy truck exports showed strong resilience, and breakthroughs in steady sales growth, CIS
Beiqi Foton Motor Scraps Plans to Buy Shares in Harbin Dongan Auto Engine
Chinese automobile manufacturer Beiqi Foton Motor (SHA:600166) withdrew plans to acquire shares in Harbin Dongan Auto Engine (SHA:600178), the company said in a Friday filing on the Shanghai Stock Exc
Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation in the future
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the combination of factors such as continued widening oil and gas price differential+lower freight rates+gradual diversification of gas vehicle product types drove a rapid increase in gas vehicle cost performance and customer acceptance; at the same time, domestic natural gas supply is abundant, gas station construction is accelerated in various regions, and supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase from 2024 to 2025. Heavy truck exports have shown strong resilience, sales have broken through steady growth, and the CIS, Middle East/Africa/Southeast Asia, etc., the cost performance advantages of independent heavy trucks are prominent, and the overseas market share continues to rise. Additionally, the value of the trade-in policy
Foton Motor (600166.SH) terminates participation in the subscription for shares issued by Dongan Dynamics (600178.SH) to specific targets
Foton Motor (600166.SH) announced that on April 19, 2024, the company received Harbin Dongan Automobile...
Light truck sales returned to 200,000 units in March, and 7 companies including Foton Motors (600166.SH) sold more than 10,000 units
In March, the light truck market sold 209,800 units, up 84% month-on-month and slightly increased 0.1% year on year. The year-on-year increase was corrected last month (the light truck market fell 35% year on year in February 2024).
Foton Motors (600166.SH): The company's semi-solid state batteries are currently undergoing technology development and installation tests on light trucks
Gelonghui, April 11 | Foton Motor (600166.SH) said on the investor interactive platform that the company's semi-solid state batteries are currently undergoing technology development and installation tests on light trucks. Compared with traditional liquid batteries, solid state batteries have significant advantages in terms of charging speed, energy density, and safety. For commercial vehicles, the current challenges with solid-state batteries mainly come from improving process implementability and cycle life. The future application of solid-state batteries will bring high battery life, high safety, and high power density, which in turn will improve battery life to a certain extent.
Foton Motors (600166.SH): Total sales volume of automotive products in March was 72,682 vehicles
Gelonghui, April 10 | Foton Motor (600166.SH) released the March production and sales data report for various products. The total sales volume of automobile products was 72,682 vehicles, with a cumulative sales volume of 15,5027 units this year.
Revenues Working Against Beiqi Foton Motor Co.,Ltd.'s (SHSE:600166) Share Price
With a price-to-sales (or "P/S") ratio of 0.4x Beiqi Foton Motor Co.,Ltd. (SHSE:600166) may be sending bullish signals at the moment, given that almost half of all the Auto companies in China have P/S
Beiqi Foton MotorLtd (SHSE:600166) Shareholders Have Endured a 33% Loss From Investing in the Stock Three Years Ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But if you try your hand at stock picking, your risk returning less th
Foton Motors (600166.SH): The overall sales target set for 2024 is to secure 700,000 units and aim for 750,000 units
Gelonghui March 15 | Foton Motor (600166.SH) said on the investor interactive platform that the decline in the share of heavy truck sales in February was mainly due to a decrease in overseas heavy truck sales. Due to the impact of the Spring Festival holiday in January and February, market demand slowed down, and the market returned to normal levels starting in March. Based on confidence in the development of the commercial vehicle industry in 2024, the company has set an overall sales target of securing 700,000 units and aiming for 750,000 units (the final sales target is based on the results of the annual board of directors review).
Foton Motors (600166.SH): Developing L3/L4 autonomous driving prototypes
Gelonghui, March 12 | Foton Motor (600166.SH) said on the investor interactive platform that the company currently has plans for autonomous driving and assisted driving. Autonomous driving is gradually being implemented in accordance with prototype development, demonstration operation, and commercial operation. Currently, it is in the demonstration operation stage, and necessary intelligent networking core technology reserves have been established; assisted driving has introduced regulatory assisted driving functions, and illegal auxiliary driving functions are gradually being developed in line with market demand. Currently, the highest model mass-produced by the company is L2+ trunk autonomous driving, and an L3/L4 class autonomous driving prototype is being developed. Foton Motors and Huawei are smart
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