BEIJING, March 27, 2026 /PRNewswire/ -- On March 26, Guangzhou Yuanfu Automotive Supply Chain Co., Ltd., a joint venture established by FOTON MOTOR and COSCO SHIPPING, was officially unveiled. At the same time, the ro-ro vessel was delivered, and the first large-scale export order of 600 FOTON pickup trucks set sail for the South American market. This marks FOTON MOTOR's official establishment of an independent and controllable global ocean shipping supply chain system, accelerating its transformation from product export to system-based global expansion.
As a brand that has ranked No.1 in overseas sales among Chinese commercial vehicle brands for 15 consecutive years, FOTON MOTOR recorded 164,500 overseas vehicle sales in 2025, with cumulative overseas sales exceeding 1.25 million units. Its business now spans more than 140 countries and regions worldwide. Against the backdrop of global trade volatility and the resulting uncertainties in freight rates and delivery schedules, the joint venture is positioned as a long-term strategic partnership built on shared interests. By integrating COSCO SHIPPING's global shipping resources with FOTON MOTOR's export volume, the two parties will achieve complementary strengths and mutual benefits.
By securing core shipping capacity, FOTON MOTOR will gain access to customized maritime logistics services for complete vehicles and KD parts, creating three major advantages in delivery reliability, cost control, and strategic planning, and further strengthening the supply chain foundation for its global development.
Zhu Youfu, Vice President of FOTON MOTOR, said that establishing the joint venture was an inevitable choice as the company's overseas business reached its current scale. Zhang Chi, Deputy General Manager of COSCO SHIPPING, noted that the cooperation would set a new benchmark for synergy between the automotive and shipping industries.
This deep integration of the "automaker + shipping" model not only provides strong support for FOTON MOTOR's globalization strategy, but also offers a replicable and innovative model for Chinese automotive companies expanding overseas.
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New "Automaker + Shipping" Integration Model! FOTON Motor & COSCO SHIPPING Special Transport Joint Venture Officially Launched
New "Automaker + Shipping" Integration Model! FOTON Motor & COSCO SHIPPING Special Transport Joint Venture Officially Launched
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NYSE issues a pre-market daily advisory direct from the trading floor.
NEW YORK, March 27, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
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Kristen Scholer delivers the pre-market update on March 27th
- Equities are tilting lower early Friday as the price of ICE Brent Crude tops $110 a barrel and the conflict with Iran continues.
- The Digital Health CEO Summit takes place at the NYSE today, bringing chief executives from the top digital health companies together to discuss the industry.
- Ingram Micro (NYSE: INGM) CFO Mike Zilis will join NYSE Live this morning to discuss how the company is using AI and automation to drive results.
- York Space Systems (NYSE: YSS) CEO Dirk Wallinger will join Taking Stock this afternoon to talk the company's new commercial contract.
Opening Bell
Kensington Capital Acquisition Corp. VI (NYSE: KCAC.U) celebrates its listing
Closing Bell
Presidio Production (NYSE: FTW) celebrates its recent listing
For market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com
NYSE issues a pre-market daily advisory direct from the trading floor.
NEW YORK, March 27, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
ICE Brent Crude oil hovers above $110 a barrel jwplayer('myplayer1').setup({file: 'https://mma.prnasia.com/media2/2944265/NYSE_Market_Update_March_27.mp4', image: 'https://mma.prnasia.com/media2/2944265/NYSE_Market_Update_March_27.mp4?p=thumbnail', autostart:'false', stretching : 'uniform', width: '512', height: '288'});
Kristen Scholer delivers the pre-market update on March 27th
- Equities are tilting lower early Friday as the price of ICE Brent Crude tops $110 a barrel and the conflict with Iran continues.
- The Digital Health CEO Summit takes place at the NYSE today, bringing chief executives from the top digital health companies together to discuss the industry.
- Ingram Micro (NYSE: INGM) CFO Mike Zilis will join NYSE Live this morning to discuss how the company is using AI and automation to drive results.
- York Space Systems (NYSE: YSS) CEO Dirk Wallinger will join Taking Stock this afternoon to talk the company's new commercial contract.
Opening Bell
Kensington Capital Acquisition Corp. VI (NYSE: KCAC.U) celebrates its listing
Closing Bell
Presidio Production (NYSE: FTW) celebrates its recent listing
For market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
NYSE Content Update: York Space Systems Shoots for the Stars with New Contract
