Founded on August 28, 1996, and headquartered in Changping District, Beijing, Foton possesses assets exceeding 5 billion Yuan and 29,000 employees. Foton's business units are seen in cities and provinces such as Beijing, Tianjin, Shandong, Hebei, Hunan, Hubei, Liaoning, and Guangdong. Its R&D branches are distributed in Japa, Germany, Taiwan and the Philippines. Foton, whose brand value exceeds 11.932 billion Yuan in 2005, ranked No.4 in auto industry and No.43 in the “Top 500 China's Most Valuable Brands”. Foton manufactures light and heavy-duty trucks, agricultural tractors, and various other machinery.
Foton and Daimler AG formed a joint venture, Beijing Foton Daimler Automotive Co., Ltd., in July 2010 to build Auman trucks in China. This BAIC subsidiary makes commercial trucks with Daimler AG.