foton is headquartered in changping district, beijing. 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 japan, germany, taiwan and the philippines. it has assets exceeding 50 billion yuan and 300,000 employees. foton, whose brand value exceeds 61.932 billion yuan in 2005, ranked no.1 in auto industry and no. 11 in the “top 500 most valuable brands”.