Inchcape Partners with Foton, Expanding EV and ICE Vehicle Range in Australia
Key Ideas
- Inchcape has become the Australian distributor for Foton EV and ICE vehicles, aiming to grow the presence of Foton's light-duty trucks and launch new generation EV utes and vans in the Australian market.
- Foton Mobility Distribution, the current distributor for Foton products, remains committed to distributing Foton's EV and hydrogen vehicles in Australia, highlighting the company's success in the EV truck sales charts.
- Both Inchcape and Foton bring strengths to the partnership, with Inchcape offering distribution experience and digital capabilities and Foton excelling in commercial vehicle manufacturing and technology innovation.
- The partnership aims to cater to the rising demand for zero-emission vehicles in Australia, with Foton EVs being chosen by prominent companies like Woolworths and IKEA for their transition to zero-emission transportation solutions.
Inchcape, a distributor of various automotive brands in Australia, has entered into a partnership with Foton, a leading commercial vehicle manufacturer from China. The agreement, effective in the last quarter of this year, will see Inchcape distributing Foton's range of EV and ICE utes, vans, and trucks in Australia. This move opens the door to a new wave of Foton vehicles in the Australian market, with a focus on growing the presence of Foton's light-duty trucks and launching the brand's new generation EV utes and vans. The partnership aims to leverage the strengths of both companies, with Inchcape bringing its distribution experience and digital capabilities to enhance customer experiences, while Foton excels in commercial vehicle manufacturing and technology innovation. Foton Mobility Distribution, the current distributor of Foton products in Australia, remains committed to distributing Foton's EV and hydrogen vehicles in the country, with a strong track record in EV truck sales. The partnership strives to cater to the increasing demand for zero-emission vehicles, with Foton EVs being preferred by major companies like Woolworths and IKEA for their transition to sustainable transportation solutions. The move is seen as an opportunity for Inchcape to diversify its distribution portfolio and strengthen its presence in the light commercial vehicle segment in Australia, with plans to introduce vans in the local range and expand into new market segments. Foton, a state-owned enterprise and the largest commercial vehicle manufacturer in China, has a significant global presence and aims to continue its success in the Australian market through this strategic partnership.