FOTON(SH:600166)2024-07-10 07:35Group 1: Research and Development - Foton Motor has established a global layout with 16 technology innovation R&D centers and 2 overseas R&D centers, focusing on four core areas: new energy technology, intelligent networking technology, energy-saving technology, and lightweight technology [2] - The annual R&D investment is 2.251 billion CNY, accounting for approximately 4% of operating revenue [2] Group 2: Export and Sales Performance - In 2024, Foton aims to export 150,000 vehicles, targeting a year-on-year sales growth of 15% [3] - From January to May 2024, Foton's vehicle exports reached 64,000 units, representing a year-on-year increase of 28.4% [3] - The company has established over 1,000 overseas distribution points and 1,200 service outlets across 130 countries and regions [2] Group 3: Market Trends and Projections - The AMT penetration rate in the commercial vehicle sector was approximately 24% in 2023, with an expected increase to over 30% in 2024 [3] - Foton's heavy-duty truck AMT penetration rate reached 65% in the first five months of 2024, exceeding the industry average by 33 percentage points [3] Group 4: Product Development and Innovation - Foton has developed multiple hybrid models, including the Ouman Zhilan HS1 light truck and various hybrid heavy-duty trucks, with the Foton Hybrid System (FHS) officially launched in December 2023 [3] - The company has been a pioneer in automatic driving technology, launching its first autonomous truck in 2016 and achieving significant milestones in autonomous driving applications [5]