China’s Beiqi Foton Motors to start selling some of its vehicles in Brazil

31 May 2011

Sao Paulo, Brazil, 31 May – Chinese automotive group Beiqi Foton Motors plans to make an official presentation of trucks and vans at the International Transport Salon (Fenatran) due to be held in Sao Paulo from 24 to 28 October.

The Chinese group’s vehicles will be represented in Brazil by Quest Investimentos, owned by businessman Luis Carlos Mendonça de Barros, former chairman of state bank Banco Nacional de Desenvolvimento Económico e Social (BNDES) and former communications minister in the government of President Fernando Henrique Cardoso.

The models to be introduced at Fenatran will be from those in the categories weighing between 3 and 9 tons and importer Foton Aumark Brasil this year plans to open three retail showrooms in Sao Paulo and another 20 percent by 2015.

The Chinese group is considering construction of a factory in Brazil, for which it is expected to receive a loan from the BNDES bank, in order to take advantage of tax breaks as well as Finame, a long term credit line for small ad medium-sized companies for acquisition and production of new machines and equipment, manufactured in Brazil, for the sale of vehicles.

Márcio Vita, chief executive of Foton Aumark Brasil, said that some units were already being tested by potential customers, and that the company planned to sell 5,000 units in the first 12 months after launch.

The Chinese group, which is headquartered in Beijing, was founded in August 1996, and its workforce currently totals 28,000 people and it ahs assets of 5 billion yuan. (macauhub)