• time;2024-02-03 21:04:32

As a leader in the domestic power industry, Yuchai released 15 new power products at the event, including China's largest 15 liter diesel engine with the same displacement, YCK16N high horsepower gas engine, China's first high-speed gas power generation system adapted to 2 MW units, China's highest specific power pure electric heavy-duty truck drive system, and the industry's largest three cylinder diesel engine YCF11 with the same displacement and lowest fuel consumption, providing customers with more diverse power system solutions.

Qin Rupei, member of the Party Group of the Guangxi Zhuang Autonomous Region Government and Secretary of the Party Committee of the Autonomous Region State owned Assets Supervision and Administration Commission, Wang Chen, Secretary of the Yulin Municipal Party Committee, Xing Min, Executive Vice President and Secretary General of the China Internal Combustion Engine Industry Association, attended the meeting and delivered speeches. Li Hanyang, Secretary of the Party Committee and Chairman of Yuchai Group, gave a keynote speech, and Wu Qiwei, President of Yuchai Group, gave a keynote speech on the power system.

After more than 70 years of ups and downs, Yuchai continues to thrive and prosper, with its brand competitiveness and business quality continuously improving. Especially in recent years, amidst the complex and ever-changing business environment, constantly upgrading policies and regulations, and accelerating iteration of new technologies, Yuchai Group has faced challenges and worked hand in hand with its partners. In 2023, the company's sales revenue reached a historic high, and its brand value exceeded 85.8 billion yuan, ranking first in the internal combustion engine industry for 18 consecutive years.

In his speech, Qin Rupei affirmed the development achievements of Yuchai's operation and development, encouraged Yuchai to focus on its main responsibility, adhere to the "activation power" of scientific and technological innovation, deepen reform, "increase the power", and open up and cooperate with "convergence power", do a good job in three articles, namely, strengthening industry, improving quality and efficiency, and cultivating new opportunities, cooperate with partners at home and abroad, take the initiative to integrate into the ASEAN market, the "the Belt and Road" and the construction of new land and sea channels in the west, expand the market scale, sell more high-quality products to the world, polish the brand of "Made in Guangxi" and "Made in China", strive to move towards the goal of building a world-class enterprise, and make new contributions to the high-quality economic and social development of Guangxi.

Wang Chen stated that Yuchai is a beautiful jade in Yulin, which has been rooted in Yulin for over 70 years and has made important contributions to the high-quality development of Yulin's economy and society. It is undoubtedly a benchmark for Guangxi and Yulin's industry. I hope Yuchai can fully leverage its leading role as a leading enterprise, continue to develop the entire industry chain, fill in the gaps in the industry chain, take technological innovation as the main breakthrough point, open up more new tracks and fields, and better drive the transformation and upgrading of upstream and downstream enterprises in Yulin to become bigger and stronger. The Yulin Municipal Party Committee and Government will firmly support the development of Yuchai, assist Yuchai in implementing the scale doubling project, and promote Yuchai to establish itself in Yulin, go out of Guangxi, and go global.

Xing Min affirmed Yuchai's achievements. He stated that as a key leading enterprise in China's internal combustion engine industry, Yuchai has not only witnessed the rise and development of the industry, but also made outstanding contributions to the vigorous development of China's internal combustion engine industry. Especially in recent years, Yuchai has taken the development of internal combustion engines as its main business, customer-centric, and innovative. It has successively launched a batch of pioneering products, some of which have reached international standards and filled multiple market gaps. Its market share and international brand awareness have continued to increase, contributing to the coordinated development of China's internal combustion engine industry and automobile industry chain, and helping to achieve the "dual carbon" goal.

Li Hanyang delivered a keynote speech on "Working Together to Help Success", emphasizing Yuchai's corporate survival philosophy of helping customers succeed, and clarifying Yuchai's ambition and pursuit to become China's first and world-class power system supplier. He stated that customers are Yuchai's breadwinners, and without their needs, there would be no foundation for Yuchai's survival. Yuchai regards "Only by helping customers succeed can Yuchai survive" as the survival concept of the enterprise, and promotes the implementation of the concept of "helping customers succeed" from aspects such as industrial adjustment, organizational change, R&D system change, and marketing service change. Yuchai is a company with aspirations, and Yuchai people are ambitious fighters. In order to achieve the goal of being the first and world-class in China, Yuchai has formulated the 1235 strategic path to achieve the scale doubling project. In the future, Yuchai will work together with partners in the industrial chain to accept challenges, work together, help each other succeed, and create a better future together.

For a long time, no matter how the market environment changes, Yuchai has always adhered to the strategic positioning of "being an independent professional power system supplier". It has formed strategic cooperation alliances with a large number of OEM customers, distributors, service stations, and suppliers, working together to create value for customers, achieve customer success, and also achieve self achievement. In 2023, Yuchai will take a big step towards improving quality and efficiency:

In the commercial vehicle power sector, Yuchai Guoliu products have been fully launched, with market share ranking first in segmented markets such as 4-8 liter medium and heavy-duty power, medium and heavy-duty engineering truck power, traditional bus power over 6 meters, and hybrid bus power. In 2023, the sales of Yuchai National VI tractor power and bus power will achieve double-digit growth, and the sales of gas engines will achieve triple digit growth year-on-year.

In the general machinery power sector, Yuchai has created the first market share in five engineering machinery power fields, including wheeled excavators, mining vehicles, large tonnage forklifts, high-altitude operations, and explosion-proof machines; In multiple segmented markets of agricultural equipment such as tractors, cotton harvesters, wheat harvesters, and sugarcane harvesters, Yuchai ranks first in the industry, especially in high-power agricultural machinery power, where Yuchai occupies an absolute dominant position.

In the marine electric power sector, Yuchai Power Generation ranks first in market share for marine power with a displacement of 16L or more; High power generation products have entered high-end markets such as communication systems, petroleum systems, and data centers, filling the gap in domestic production; We have independently developed multiple gas and ferroalloy tail gas fuel power generation systems, and the market orders are in short supply.

In the new energy power sector, Yuchai range extender, fuel cell, the largest domestic electric motor, and the world's first hybrid electric drive continuously variable transmission powertrain have all achieved market matching applications. Yuchai has established a hydrogen energy technology company to create a hydrogen energy research and production base, and build a future oriented hydrogen energy full industry chain capability.

In the overseas market segment, Yuchai has a very clear strategy of striving to become stronger. Its product sales and services have expanded to more than 180 countries and regions around the world, achieving full coverage of countries and regions along the "the Belt and Road". It is one of the most successful power brands in China overseas. In 2023, Yuchai's export of engines will increase by nearly 30% year-on-year. At present, Yuchai has nearly 650000 overseas engine units in stock.

During his presentation on the theme of power systems, Wu Qiwei analyzed the complexity and uncertainty of the external environment, pointing out that opportunities and challenges coexist in the complex and diverse business environment of the stock era, cyclical adjustments, new energy, and international impacts, as well as under the multiple influences of constantly upgrading policies and regulations and rapid iteration of new technologies. Currently, Yuchai is working together with its partners to promote the scale doubling project and the 1235 strategy through thick and thin——

Scale doubling project:

By 2025, double the annual sales and revenue of power systems.

By 2027, it will leap to the top of the domestic power system.

By 2030, become a world-class enterprise in power systems.

1235 Strategy:

One goal: To become a world-class power system supplier by 2030.

2 tracks: traditional power+new energy power, i.e. traditional power: sustainable development, professional applicability; New energy power: actively embrace and open cooperation.

Three principles: comprehensive, innovative, and strong. To do everything, that is, to do all products, all markets, and all customers; Expand the application fields of traditional power, and enter into medium speed engines, low-speed engines, as well as various fuel power such as natural gas, hydrogen, ammonia, methanol, etc. Innovation means fully entering the field of new energy power, from low-carbon to zero carbon, focusing on hybrid power, supplementing pure electric drive, developing hydrogen power, and becoming a leading supplier of new energy power systems in the industry. Strengthening means strengthening the segmented market, strengthening strategic alliances and cooperation with top customers in the industry, and becoming the main driving force for mainstream customers in important segmented markets.

5 Forces Guarantee: R&D+Manufacturing+Marketing+Service+Brand Power, which means gathering advantageous resources, collaborating upstream and downstream to enhance the "Five Forces", synchronously developing, producing, and promoting, and helping customers succeed with the best products and services.

By implementing the scale doubling project and the 1235 strategy, Yuchai has formed an alliance with the world's best strategic partners to create an optimized ecosystem, the most harmonious circle of friends, and the most open cooperation circle in the ever-changing market environment, ultimately achieving the goal of becoming a world-class power system supplier.

Technological innovation is always the strongest driving force for the development of enterprises. Faced with the ever-changing market competition and industry pressure, Yuchai has always adhered to the principle of technological self-reliance and self-improvement, winning market discourse power through independent innovative products.

On the same day, 15 new power products including Yuchai YCK16N high horsepower gas engine, YC6CAXM methanol engine, and high-power extended range power were released, covering both traditional and new energy power tracks. They can be matched with multiple sub fields such as commercial vehicles, engineering machinery, agricultural equipment, and power generation equipment. The products maintain a leading advantage in power performance, reliability, economy, and other indicators, and will create tangible value for users.

Among them, YCK16N high horsepower gas power is the pinnacle of Yuchai heavy-duty gas engines, with a maximum power of 660 horsepower and a peak torque of 3000 Newton meters. It has strong power and fast response; The gas consumption per 100 kilometers is reduced by 1-2kg compared to competitors with the same displacement; the B10 has a lifespan of up to 1.8 million kilometers, and its reliability is far ahead in the industry. The YCK15 National VI diesel engine is the first domestically produced 700 horsepower engine with a thermal efficiency exceeding 50%. The YCS07 National VI diesel engine is the lightest and most fuel-efficient 7L engine in the industry, while the YCK12L National VI diesel engine is the smallest and lightest 12 liter diesel engine in the industry. The YC12VTD non road National IV diesel engine has industry-leading indicators such as displacement, power, and torque, and is the preferred supporting power for 10-150 ton electric wheel mining trucks, 1000-1600 type oil fracturing trucks, and rail locomotives. The YCK16-400kW intelligent hybrid system has increased the oil electricity conversion efficiency by 20% and the volumetric power density by 14%, reaching the international advanced level. It can be widely used in mining vehicles, silage machines, cotton harvesters, air compressors, drilling rigs, tractors and other fields. YC16VCN is the first high-speed gas-fired power generation system in China that is compatible with 2MW units. It can be applied in fields such as oil extraction, natural gas extraction, coal mining, biogas engineering, livestock farming, and waste disposal. YC8CAXN is the first domestic pure natural gas marine engine with a single unit power exceeding 1200kW, suitable for 4000-5000 ton inland transport ships and container ships. It is tailored to promote the green development of inland shipping and responds to the national "dual carbon" strategy with practical actions.

Article source: Reprinted from Yuchai Group