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Automobiles

Thai-Chinese alliance to build trucks cheaper than Japanese rivals

CP and Foton aim for No.3 in commercial vehicle market

A joint venture between Thailand's CP and China's Foton has introduced a line of trucks and buses for the Thai market. (Photo by Marimi Kishimoto)

BANGKOK -- Thailand's biggest conglomerate CP Group and China's Beiqi Foton Motor have unveiled a lineup of commercial vehicles for sale through a joint venture in a bid to quickly establish a foothold in the Thai auto market.

Their joint venture, CP Foton, aims to sell 450 vehicles before the end of the year. Although the prices remain under wraps, the venture said the new trucks and buses will be 10-15% more affordable than their Japanese-brand rivals.

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