FOTON Signs Joint Development Agreement, Accelerating European New Energy Business
FOTON signed an agreement with European partner for the development of a new electric light commercial vehicle.
December 15, 2022. By News Bureau
The agreement consolidates the partnership set up by the two groups in September 2017 for joint development of innovative solutions for the light commercial vehicles market.
Over the coming months, the two parties will finalize the technical documentation for the project and the contracts by Spring 2023.
This new agreement will consolidate the partnership established by the two groups in May 2018 to develop and produce new light commercial vehicle products for the European market, based on FOTON's mini-truck product platform.
After more than two years of joint development, the first city truck of the two parties NP6 launched in Europe, which fully in compliance with European standards.
Just this November at the Green Logistics Expo 2022 in Padua, Italy, FOTON brought the all-electric trucks developed for the European market, showing its signs of entering the European new energy market.
FOTON has already started to emerge in Europe. FOTON debuted two pure electric trucks specifically developed for the European market at the IFAT exhibition in Munich, Germany. Since then, FOTON has kicked off its entry into the European new energy market.
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