Foton Motor Group (known as Foton), was founded on August 28, 1996 and is a relative state-owned holding enterprise with mixed ownership. Listed on the Shanghai Stock Exchange in June 1998, Foton has 69 billion yuan ($10 billion）in total assets and 40,000 employees, with brand value reaching $14.8 billion in 2016. It has nine product brands covering trucks, buses, construction machinery, vans and SUVs. Foton has cumulatively achieved a sales volume of 8 million over the past 20 years, which not only surpasses Chinese commercial manufacturers over the past 12 years but also worldwide commercial vehicle manufacturers.