Foton Lovol was created in 2007 from the assets of the Shandong Foton Heavy Industries Co. Ltd company, a part of Beiqi Foton Motor Co., Ltd.. Shandong Foton Heavy Industries was in turn founded in 2004 from the Beiqi Futian Automobile Company which sold under the Futian brand, which had been founded as the Weifang Harvesting Machinery Plant division of Beiqi Futian in 1998. Foton Lovol manufactures tractors, combine harvesters, Wheeled Loaders, Excavators, Backhoes, Rollers, drilling rigs, three-wheeled mini trucks, three-wheeled motorcycles, and other ag equipment.