English.chinabuses.com: Beiqi Foton Motor Co., China's largest commercial vehicle maker by sales, expects new-energy vehicles to account for about 10% of its sales volume by 2015, Vice President Zhao Jingguang said Friday.

"Foton places strategic importance on the development of new energy vehicles," Zhao said at a news briefing.

The company's new-energy vehicles will comprise mostly hybrid buses as well as electric road-sweeping vehicles and cross-over vehicles designed to carry passengers and goods, said Michael Wang, Beiqi Foton's public relations director. A lot less than 1% of the company's sales now come from new-energy vehicles, he said.

The company is targeting annual sales of 1.5 million vehicles by 2015, 30% of which will be exported, Wang said. Beiqi Foton expects exports to account for 8% of sales volume this year.

In the January-August this year, Beiqi Foton sold about 400,000 vehicles. It has set a sales target of 567,000 units for the full year, Wang said.

Beiqi Foton's sales in 2008 rose 1.9% to 409,563 units.

Zhao also said he expects the Chinese government to approve Beiqi Foton's plan to set up a 50:50 truck and engine joint venture with Daimler AG.

Source : internet

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