This was reported by Interfax with reference to the materials for the reporting of the Russian representative office of the company.
“Photon Motor LLC has far-reaching plans for the development of sales of Foton cars in Russia.
But to get the maximum profit, it is necessary to localize production in Russia.
To do this, it was decided to conclude a long-term contract for the production of Foton Tunland pickup trucks and Foton S100 and S120 series trucks with a major automaker, ”the Chinese company says in the explanatory notes to the financial statements.
The document does not specify with which automaker it was decided to conclude a contract.
Read more about the intentions of the Asian market to intensify its activities in Russia - in the RT material.