Foton motor was investigated by an organization: the company has one of the largest commercial vehicle networking platforms in China, providing digital solutions for many industries. At present, the p
() The Record Form of Investor Relations Activities was released on September 13th, and the company was investigated by a fund company on September 12th, 2024. The main contents of investor relations activities are introduced:
Q: What is the company’s overseas light truck export sales at present, and what are the main growth areas?
A: From January to August 2024, the company exported 76,000 light trucks, up 55% year-on-year. Among them, South America, Southeast Asia and other markets grew rapidly.
Q: How does the company maintain its leading position in light truck business?
A: The company will continue to maintain the leading position in product strength, increase investment in product development, accelerate the iterative upgrade of the platform, and maintain the industry-leading competitiveness of the platform; Through the integration of product modules, we will simultaneously promote the integration of supplier systems and give full play to the advantages of scale; Continuously innovate marketing capabilities, promote the transformation of distribution channels to full value chain business capability dealers, and enhance the effect of brand promotion and clue transformation through live broadcast+short video; Promote overseas industrialization and localization, persist in investing resources to break through the core industrialized market, accelerate the transformation of key market models, and develop post-market business; At the same time, we will continue to promote cost reduction and efficiency increase in the whole value chain and enhance the profitability of light trucks.
Q: What is the company’s development in the Internet of Vehicles?
A: The company has one of the largest commercial vehicle networking platforms in China, providing digital solutions for many industries. At present, there are over 2.7 million vehicles connected to the platform, and more than 8.5 billion pieces of data are connected daily. Through the integrated analysis of vehicle data, the company can calculate the prosperity index of sub-region, sub-model and sub-scene, helping suppliers, dealers and service providers to optimize resource allocation and improve operational efficiency. Driven by the index, upstream and downstream enterprises in the industrial chain accelerate digital transformation, rationally optimize resource allocation, and achieve an overall production efficiency increase of more than 10%;
Details of participating institutions are as follows:
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