Foton Adopts Popular Strategy Of Entering Europe

Chinese commercial vehicle maker Beiqi Foton's plans to set up a local assembly in Russia shows just how aggressively Chinese companies are targeting their entry into the overseas markets, particularly Europe. Although the firm entered Russia no earlier than 2005, it reportedly sold 10,000 vehicles there by the end of 2008. It hopes its new production facility in Russia will aid its overall sales, research and development and investment activities in Europe.

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