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Is BAIC Foton Motor Co. a state-owned enterprise?

Yes.

Beijing Automobile Foton Motor Co., Ltd (Foton Motor for short), is a state-controlled listed company with cross-region, cross-industry and cross-ownership.

Headquartered in Changping District, Beijing, with assets of nearly 86.1 billion yuan, a brand value of 132.867 billion yuan and nearly 40,000 employees, it is a large-scale enterprise group with Beijing as its management center, vehicle and parts divisions in nine provinces and municipalities, such as Beijing, Tianjin, Lu, Hebei, Hunan, Hubei, Liao, Guangdong, and Xin, and its research and development branches in mainland China, Japan, Germany, Taiwan, and other countries and regions. The company is a large-scale enterprise group in China, Japan, Germany, Taiwan and other countries and regions.

Expanded Information

1, its automotive intelligent interconnection application covers two major business units, namely Telematics and E-commerce, Telematics business under the iTink brand, which covers in-vehicle terminal equipment, big data platform and Telematics operation services;

2, its E-commerce business under the Foton Car e-Shopping, which is not only to provide users with a full range of model inquiries, promotional services, but also to provide a wide range of products. The platform not only provides users with a full range of models, promotional activities, dealer information query and financial loan business and other online experience services, but also provides full one-on-one customer counseling and deposit refund services.

3, its financial business, to create a professional financial service provider - Foton Financial Group, covering automotive credit, financial leasing, supply chain finance, insurance services and other diversified financial services.

Baidu Encyclopedia - BAIC Foton Motor Co.