After adding 28 Ford dealers to bring its dealer total in Brazil to 38 dealers, the Chinese giant is preparing to introduce an EV to i its new lineup in H2 2021. It plans to add trucks in the 17 ton – 24 ton range for 2022, the most popular in Brazil. In addition to the EV and Diesel Trucks, Foton will evaluate the potential for a CNG Trucks for launch after the EV, but it has shorter term potential for higher volumes.
Source: O Estado de São Paulo Read The Article
PSR Analysis: Currently, Foton produces an LCV under a manufacturing agreement with GEFCO and imports Medium Trucks for sale in Brazil. These Trucks should be nationalized by 2025. The new line of Heavy Trucks meets P8 requirements for 2023 and may be nationalized by 2025 as well. So far, the volumes are very small, but we see an important growth forecast exceeding the overall market. PSR
By Fabio Ferraresi is Director of Business Development-South America, for Power Systems Research
