FOTON LAVAL vrs YTOFOTON LOVOL annually manufactures approximately 200,000 tractors.
The YTO Group Corp. manufactures about 80 percent of China’s tractors. (Not confirmed)
Even if these were the only 2 tractor manufactures in china that would mean YTO pumps out about 1000,000 tractors a year, 5 times as many as FL.
You can see why Steven Koles says "YTO's successful history in farm machinery combined with one of the world's largest agriculture markets adds up to significant potential for Hemisphere GPS."
Founded in 1955, the YTO Group Corp. is headquartered in Luoyang, China and is also known as China Yituo Group Corp. According to the company’s website, its primary five pillars of business are agriculture machinery, construction machinery, vehicles, power machines (diesel engines, generator sets, engineering vehicles), and vehicle spare parts and components. The origins of this Chinese modern-day manufacturing enterprise are rooted in the China First Tractor & Construction Machinery Corp., the company responsible for producing China’s first tractors in 1958.[1] Today, the YTO Group Corp. manufactures about 80 percent of China’s tractors. Its tractors include both wheeled tractors ranging from 70 to 200 horsepower and crawler tractors ranging from 70 to 150 horsepower.[2] Each tractor is accompanied by an assortment of implements used in farming.
The YTO Group Corp. also produced China’s very first road roller. To this day it remains a dominant manufacturer of road construction and compaction machinery, including pavers and rollers.[3]
In the 1960s the company supplied the first load-carrying, off-road vehicles to China. It now manufactures heavy-duty trucks, specialized agricultural vehicles, garbage trucks, and business purpose vehicles (BVPs).[4]
In addition, the company produces grain and rice combine harvesting equipment and agricultural implements such as trailers, plows, harrows, rotary tillers, sowers, and straw and stem choppers. On the construction and heavy equipment side, YTO Group Corporation manufacturers forklifts, bulldozers, loaders, excavators, motor graders, concrete pumps, and tippers