Founded in 1998, the company now has total assets of 2.2 billion Euros and 15,000 employees.
Weifang Harvesting Machinery Factory of Beiqi Foton Motor Co., Ltd., was established
The first Wheat Harvester rolled off the assembly line.
Model FT500 \ FT600 \ FT700 large and medium-sized tractors grandly entered the market.
Sales of Wheat Harvesters ranked No.1 in China and thereafter maintained the record for 13 years
The company passed ISO9000 Quality Management System Certification
The company held ceremony for the completion and commissioning of the tractor production base, the formation of Lovol 50,000 tractors production capacity, and the 10,000th product rolling off line.
Lovol is a large-scale industrial equipment manufacturing enterprise primarily engaged in agricultural equipment, construction machinery, vehicles, financial services and other business.
The company's first loaders rolled off line, marking the company’s entrance to construction machinery field and beginning of the diversified development phase.
The company held a promulgation ceremony for brand internationalization, changed company name to “Foton Lovol International Heavy Industry Co., Ltd.” and meanwhile officially started to use brand name “Lovol”.
In 2015, the sales revenue has reached 2.95 billion Euros.
The company established Huiyin Trustee Co., Ltd. and Huiyin Financial Leasing Co., Ltd.
The company officially set up European Agricultural Equipment Technical Center
Engine SBU was incorporated into Foton Lovol for unified management, and the company thus became the first enterprise with the locally-produced engine brand in heavy industry.
Excavator Technology Center in Japan was established. By then, the company initially built up a multi-spot global integrated R & D system comprised of institutes in Europe, Japan, Tianjin, and Shandong.
Axle and Transmission SBU was established, further enhancing the company’s independent manufacturing capacity of core components.
The company held a ceremony in Ulaanbaatar to deliver 8,000 tractors and 8,000 units of agricultural implements to users.
The company’s 80,000th exported tractor rolled off the production line in No.2 Tractor Assembly Workshop
The company signed a strategic cooperation agreement with Kawasaki.
LOVOL successfully acquired Europe high-end agricultural implement enterprise-MaterMacc in Italy.
LOVOL Arbos Group S.P.A. inaugural ceremony was held in Bologna, Italy.
LOVOL Arbos brand made its debut in AGRITECHNICA in Germany.
LOVOL successfully acquired tractor manufacturer Goldoni in Italy.