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HAITONG SEC: The scrapping and replacement subsidies for heavy trucks are driving the upward trend in the Industry and are expected to significantly boost the demand for replacements in 2025.
Recently, the Ministry of Transportation, the National Development and Reform Commission, and the Ministry of Finance released a notice regarding the implementation of the scrapping and updating of old operating trucks. This policy aims to stimulate the scrapping and updating of old trucks through direct financial subsidies, which is expected to significantly boost heavy truck replacement demand in 2025.
Beiqi Foton Motor (600166.SH): Fokang engine products have been supplied to related manufacturers to produce Generator sets, used in Datacenters of Banks, securities companies, and so on.
On March 17, Gelonghui reported that Beiqi Foton Motor (600166.SH) stated on the interactive platform that the main business of the Beiqi Cummins joint venture is currently focused on the engine sector. The products of Fokang engines are supplied to manufacturers to create Generator sets, which are used in the Datacenters of Banks, securities, and other companies.
Beiqi Foton Motor (600166.SH): Introduced the deepseek V3 model based on existing open-source models on the AI platform.
On March 14, Gelonghui reported that Beiqi Foton Motor (600166.SH) stated on an interactive platform that the company has introduced the deepseek V3 model based on open-source models on its AI platform, constructing an enterprise knowledge base based on large models. This enables the application of knowledge acquisition, knowledge summarization, and knowledge reasoning for actual business operations in research and development, finance, quality, etc., demonstrating a strong application effect in enhancing operational efficiency, knowledge inheritance, decision support, and innovative collaboration. In the next step, the company will deeply embed the deepseek model services into areas such as New energy Fund, intelligent driving, Intelligent Manufacturing, and intelligent customer service.
Beiqi Foton Motor (600166.SH): The Euclid L4 level autonomous driving bus has entered the passenger carrying running testing phase.
On March 12, Grlonghui reported that Beiqi Foton Motor (600166.SH) stated on the interaction platform that the company offers different levels of Self-Driving Cars for various scenarios. For example, in the trunk Logistics scenario, the company has completed L4 level Self-Driving demonstration operations aimed at end-to-end high-speed Transportation scenarios (Beijing-Tianjin-Tanggu) and successfully delivered complete vehicle products with L2+ level high-speed navigation HWP capabilities; in the municipal sanitation scenario, Self-Driving sanitation vehicles have entered the demonstration operation stage in the park; in the Self-Driving bus scenario, the Euro-style L4 level Self-Driving bus has entered the passenger operation testing stage, and the Minibus has started demonstration operations in the park.
Beiqi Foton Motor (600166.SH): has different depths of cooperation with Huawei in smart driving Sensors, domain controllers, and scenario demonstrations.
On March 11th, Gelonghui reported that Beiqi Foton Motor (600166.SH) stated on the interactive platform that it has different depths of cooperation with Huawei in areas such as Asia Vets driving Sensors, domain controllers, and scenario demonstrations.
Quick report on production and sales data for each product in February 2025
Beiqi Foton Motor Co.,Ltd.'s (SHSE:600166) Low P/S No Reason For Excitement
