Order boost

2008-12-31 | NEWSPAPER EDITION

BEIQI Foton Motor Co, China's biggest maker of commercial vehicles, rose to the highest in three weeks in Shanghai trading yesterday after winning an order for 450 hybrid buses from the Beijing government.

The company rose 9.7 percent to 4.97 yuan (73 US cents), the highest since December 10. The stock has fallen 62 percent this year.

Sichuan plant eyed

Beiqi Foton Motor Co, China's biggest maker of commercial vehicles, plans to set up a new factory to extend its dominance over Dongfeng Motor Group Co in the world's fastest-growing vehicle market. Beiqi Foton...