600166 Beiqi Foton Motor
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Beiqi Foton Motor News
The vehicle concept changed and declined. Jinlong Motor came to a standstill, and CIMC, Foton Motors, Celis, Yutong Bus, and BAIC Blue Valley followed suit.
The vehicle concept changed and declined. Jinlong Motor came to a standstill, and CIMC, Foton Motors, Celis, Yutong Bus, and BAIC Blue Valley followed suit.
Express News | Foton Motor: Net profit to mother increased 1262.27% year-on-year in 2023
Foton Motor (600166): Recovery from the bottom of 23-year results awaits flexibility in the later stages
The bottom of the 2023 results recovered, and the 24Q1 performance slightly exceeded expectations. The company announced 23 & 24Q1 results: revenue for 23 reached 56.1 billion yuan (yoy +21%), and net profit to mother was 91 billion yuan (yoy)
Express News | Foton Motor: Net profit from mother in the first quarter was 256 million yuan, down 13.96% year on year
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...
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.
Express News | Foton Motor: The cumulative sales volume of new energy vehicles this year was 9,322 units, up 33.25% year on 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): All models on sale are equipped with varying degrees of intelligent driving functions
Gelonghui, March 19 | Foton Motor (600166.SH) said on the investor interactive platform that the models sold by the company are all equipped with varying degrees of intelligent driving functions.
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
Foton Motors (600166.SH): Overseas market sales target for 2024 is to aim for 150,000 vehicles, an increase of about 15% year over year
Gelonghui March 12 | Foton Motor (600166.SH) disclosed an investor relations activity record table showing that the overall automobile sales target is to secure 700,000 units and aim for 750,000 units (the final sales target is based on the results of the annual board of directors review). The company's growth this year mainly comes from new energy, the Southern Market, and export business. The target for the new energy business in 2024 is to secure 80,000 vehicles, an increase of 40,000 vehicles over the previous year. The Southern Strategy targets 165,000 vehicles in 2024, an increase of 50,000 vehicles over the same period last year. The target sales volume for overseas markets in 2024 is 150,000 units, an increase of about 15% over the previous year.
Foton Motor (600166.SH): This year's pickup truck sales target is 45,000 units, of which 20,000 are exported
Gelonghui March 12 丨 Foton Motor (600166.SH) disclosed an investor relations activity record sheet showing that the company's sales target for this year is 45,000 pickup trucks, of which 20,000 are exported. The company's pickup truck manufacturing plant moved from Guangdong to the Shandong factory last year to co-produce with light buses, thereby reducing the production cost of pickups and improving cost reduction and efficiency.
Express News | Foton Motor: The overall sales target for 2024 is to secure 700,000 units and aim for 750,000 units
Express News | Foton Motor: Sales of new energy vehicles increased 31.91% year-on-year in January-February
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