Piaggio Group-Foton Motor Group Signed Four-Wheeler Commerce Vehicle Development Agreement

INDUSTRY.co.id - Jakarta - Chairman and CEO of Piaggio & CSpA (PIA.MI), Roberto Colaninno along with Vice President Foton Motor Group and President Foton International, Chang Rui on May 17, 2018 in Pontedera, Italy, have signed a final contract for the development and production of a new line lightweight commercial vehicles, following the preliminary agreement in Beijing in September 2017.

According to information received INDUSTRY.co.id, Tuesday (29/05/2018) mentions, technical details of this agreement will be completed over the next two months.

Various types of commercial vehicles will be realized in the form of mini pick-ups and vans to meet the needs of growing commercial mobility, especially for inter-city travel. These vehicles will be equipped with the latest generation of engines that are environmentally friendly and full of cutting edge technologies. All types of vehicles developed have a capacity of up to 1.5 tons.

The developed variants will be launched in stages starting from 2020 through a distribution network that prioritizes customer satisfaction.

As the European market leader in the two-wheel vehicle sector, in 2017 Piaggio Group recorded sales of commercial vehicles of 176,800 units worldwide. This confirmed the position of Piaggio Group as a three and four-wheeled vehicle industry for passengers and goods.

Foton Motor Group, China's largest commercial vehicle maker recorded a 57.1 billion yen transaction through 2017 with 40,000 employees worldwide.

Foton Motor Group offers a complete line of commercial vehicles with cutting edge technology, fostering rapid growth while diversifying international business operations. The Foton Motor Group's business alliance is conducted with leading automotive industry leaders such as Daimler AG and Cummins Inc.