On September 1, 2019, the China Enterprise Confederation and the China Entrepreneur Association released the top 100 rankings of China's strategic emerging industry leaders for the first time. Yuchai has become the only listed enterprise in the internal combustion engine industry with a total revenue of more than 17.4 billion yuan, ranking among the leading companies in China's strategic emerging industries.

According to the National Bureau of Statistics, strategic emerging industries include the next generation of information technology industry, high-end equipment manufacturing industry, new materials industry, bio-industry, new energy auto industry, new energy industry, energy-saving and environmental protection industries. As China's new and old kinetic energy conversion economic structure continues to move toward the middle and high-end, strategic emerging industries have a good momentum of development, and the related business income has grown rapidly, playing an increasingly prominent role in the high-quality development of the Chinese economy.

As a high-end equipment manufacturing enterprise, Yuchai took the opportunity of the second-time entrepreneurship strategy and set off a wave of transformation and upgrading. Driven by institutional innovation, technological innovation and management innovation, Yuchai continued to release reform effectiveness and vitality. Yuchai adheres to independent innovation, gathers research and development advantages through a unique technological innovation system, and strengthens the innovative technology platform from the parts and components, engine to the terminal and various industrial chain links on the basis of making the main business of the engine. Support, and strive to promote key industry research in the industry.

With insights into trends and huge investment in R&D and manufacturing technologies, Yuchai's strategic emerging industries have made great strides, and have mastered the core technologies of high-efficiency, energy-saving and environmentally-friendly engines, new energy power, and new energy vehicles. In 2018, Yuchai's patent application was ranked first in the field of internal combustion engines. The total number of patent authorizations ranked first in Guangxi for 13 consecutive years. Many of the engine technologies filled the domestic gap, and many technical achievements won the National Science and Technology Award. This has saved huge energy for Yuchai's rapid development in strategic emerging industries.

Yuchai Guoliu Research Yuchai Guoliu Research

In order to meet the international competition demand of the post-six-era era, Yuchai invested 5.2 billion yuan to benchmark new international enterprises, upgrade new products, and accelerate the application of digital and intelligent technologies. In 2018, Yuchai Guoliu and T4 series of new products were launched in the leading industry, realizing the transformation of products from the mid-end to the high-end, and possessing the strength to compete with the world-class brands. Once the Yuchai Guoliu and T4 products were launched, they were recognized by major automakers and reached a strategic cooperation with a wide range of industries and complete supporting products.

Yuchai Fuel System Yuchai Fuel System

In addition to its high-end equipment manufacturing industry, Yuchai also adheres to a diversified technology route, promotes the accumulation of advantageous resources to core core industries and emerging industries, and exerts efforts in emerging industries such as energy conservation, environmental protection, new energy, and new energy vehicles. It has made advance planning and technical reserves for the electric drive product market, and in the first 2019, it launched the four new energy power systems in the industry, and realized application coverage in the fields of trucks, buses, shipbuilding, and general machinery. It is the only one in the world. Develop and produce multi-purpose functional shunt hybrid systems.

Reading volume: Source: Yuchai Group Author: LOO

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