Beiqi Foton Motor Co., Ltd. (hereinafter referred to as “Foton”), a leading commercial vehicle manufacturer in China, and IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, announce the signing of a Memorandum of Understanding (MoU) to explore possible collaboration in developing innovative solutions focused on the Brazilian and Argentinian markets.
This new MoU reaffirms the two brands’ joint commitment to explore cooperation opportunities, which began in 2024.
The signing took place on April 8th in São Paulo, Brazil, in the presence of Eduardo Freitas, Head of Institutional Relations of IVECO for Latin America, and Chen Qingshan, Vice President of Foton Motor.
“The IVECO brand enjoys a strong reputation in the Latin American market. By joining forces, FOTON and IVECO can assess opportunities to strengthen their role in the region. We are confident that IVECO will be FOTON’s most valuable partner in Latin America,” said Chen Qingshan, Vice President of Foton Motor.
Highlighting the relevance of this alliance, Marcio Querichelli, President of IVECO for Latin America, commented: “Argentina and Brazil are strategic markets for our operations. The signing of this Memorandum of Understanding is an important moment for IVECO in Latin America. By focusing on a relentless search for innovative and high-quality solutions, we are positioning ourselves to better serve our customers and drive sustainable growth in this Region”.
FOTON: A Global Leader in Commercial Vehicles and Green Mobility
Founded in 1996 and headquartered in Beijing, China, Foton is an international commercial vehicle enterprise engaged in the research, development, manufacturing, and sales of a full range of commercial vehicles, including medium and heavy-duty trucks, light trucks, mini trucks, vans, and pickup trucks.
To date, Foton has achieved a cumulative global production and sales volume of 12 million vehicles. It has led China’s commercial vehicle exports for 14 consecutive years, with products reaching 130 countries and over 2000 overseas sales and service outlets worldwide. Committed to its internationalization strategy, Foton has established 22 KD plants globally and set up 18 regional and national parts centers, ensuring efficient parts storage and distribution across markets in Europe, the Middle East, Latin America, and Southeast Asia.
In the field of new energy, Foton actively develops low-carbon and zero-carbon green technologies and industrial systems. It has independently developed core “three-electric” technologies, enabling multi-path advancements in pure electric, hybrid, and hydrogen fuel cell solutions across its full range of commercial vehicle products. Several of Foton’s new energy products, including pure electric light trucks and vans, have obtained WVTA (Whole Vehicle Type Approval) certification in the EU. These products are not only sold in European markets such as Germany, Italy, and Poland but are also commercially deployed in key transportation scenarios like public transit systems and last-mile logistics in the Americas, Asia-Pacific, and other global markets, accelerating the green transformation of the global logistics and transportation industry.
For more information about FOTON: www.fotonmotor.com
IVECO
IVECO is a brand of Iveco Group N.V. (EXM: IVG). IVECO designs, manufactures and markets a wide range of light, medium and heavy commercial vehicles, off-road trucks and vehicles suitable for any body type. It constantly innovates and extends its product portfolio to provide every customer with the vehicle that matches their mission precisely. IVECO’s full-line offer is designed around the Driver’s needs to ensure an excellent experience with a focus on safety and comfort. A wide range of advanced digital, connectivity-enabled services developed to help fleet owners run their fleet efficiently enhance IVECO’s complete transport solution. IVECO pursues its decarbonisation strategy through a multi-energy approach that includes the further development of HVO, bio-methane, battery electric and hydrogen. It has established a global presence with a manufacturing footprint that includes 7 production sites and 8 Research and Development Centres. 3,500 sales and service outlets in over 160 countries guarantee technical support wherever an IVECO vehicle is at work. IVECO drives the road of change by powering the transformation of the transport industry, propelled by the ambition to be the most reliable partner and full-line player for its customers.
For more information about IVECO: www.iveco.com.br
