Beiqi Foton and Cummins Inc. formally signed the Cummins ISF Series Euro VI technology import agreement. With the introduction of new technologies, Foton Cummins' existing ISF series 2.8-litre and 3.8-litre light-duty diesel engines will become the first domestic engine to reach Euro VI emission standards. Foton Motor also plans to increase capital of 680 million yuan from Futian Cummins Engine Co., Ltd. from this year to 2012 to meet the upgrade of Euro V and Euro VI technology for these two engines.
Futian Automobile Co., Ltd.'s responsible person said in an interview with reporters that the introduction of new technologies will take about two years to digest. About 2012, two engines, the 2.8-liter and 3.8-liter Futian Cummins ISF series, will meet Euro VI emission standards. Due to the fact that domestic commercial vehicles in 2012 have not yet met the EU VI emission policy requirements, the European market with the most stringent global environmental protection requirements will implement the Euro VI standards in 2014. Foton Motors decided to take the lead in mass production of the ISF series Euro VI engines on the high-end light truck Ouma, the mid-to-high end pickup New Sapu, and the mid-to-high-end commercial vehicle, the Parker, in 2014. It is mainly for overseas markets, and competitors have locked Toyota and General Motors. Commercial vehicle products.
Futian's introduction of new Cummins Euro VI engine technology is a preparation for the 2014 product to enter the global developed markets. Currently, Futian's model exports are mostly underdeveloped countries such as the Asia-Pacific region. Although it has the largest sales volume in the commercial vehicle market, its brand strength is still lacking. In 2014, the European market will implement Euro VI emissions. Fukuda models equipped with Cummins engines will have no environmental threshold, and they will be able to successfully enter the markets of developed countries such as Europe, the United States, Japan, and South Korea.
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