In 2005, Yuchai Group achieved a sales revenue of over RMB 12 billion, with more than 260,000 diesel engines produced and sold. The following year, 2006, saw even greater success, with sales revenue surpassing RMB 14 billion and diesel engine sales exceeding 360,000 units. By 2007, despite growing market competition, Yuchai continued to rise, achieving sales revenue of over RMB 18 billion and selling more than 500,000 diesel engines. This made Yuchai the top single-plant producer and seller globally, showcasing its unstoppable growth.
In terms of new product development, Yuchai delivered impressive results in the previous year. The establishment of the Engineering Research Institute significantly boosted its R&D capabilities. A total of 117 basic products were developed, representing a 41% increase compared to the previous year. Four major product platforms—4Y, 6K, 6T, and 6C—were launched, along with 73 upgrade projects for existing models, achieving a completion rate of 400%.
Yuchai also made significant contributions to energy conservation and emission reduction. Last year, the company completed the development of four key products, including 6J, 6L/CR, and 6L/UP. It successfully won bids for four bus products in Beijing, Hangzhou, and Shenzhen, securing over 2,000 orders. Yuchai became the sole bulk supplier for four major Chinese diesel engine manufacturers. The Yuchai Guo 4 engine entered the bus market in large quantities and was highlighted as a standout in the Chinese bus industry. Additionally, Yuchai introduced China's first YC6L-50 Euro V electronically controlled diesel engine, marking a step forward in meeting national energy-saving and emission-reduction goals. The company also developed a hybrid passenger vehicle model for urban use, representing the first domestic innovation in parallel technology for city bus powertrains and setting a trend for future power technologies.
In market expansion, Yuchai demonstrated strong performance. In the truck sector, it implemented strategies such as heavy-duty battles, middle-machine defense campaigns, and light truck scale wars, gaining a competitive edge in construction vehicles. The 6M heavy machinery gained recognition in the heavy truck market, while sales of China Card manufacturers grew substantially, reversing previous disadvantages in medium-sized road vehicles. Light trucks saw a massive 427% year-on-year increase, with 4E becoming a key growth driver.
In the passenger car market, Yuchai focused on buses, expanded road transport, and developed rural and overseas markets, creating a new advantage in mid-to-high-end road transport. Three of its products were fully rolled out in first-tier cities, with the 4 Series showing strong growth and reaching over 2,000 units in sales. In the general machinery market, Yuchai maintained a 30% share and broke through to 50%, with the 6M Xiagong project expected to exceed 5,000 units, a 351% year-on-year increase, positively impacting leading loader manufacturers. By 2008, Yuchai aimed to expand 6M production to other mainstream manufacturers.
On the international front, Yuchai made significant progress. Last year, engine exports surpassed 29,000 units, a 263% increase from the previous year. The 6M heavy engine was exported to Russia and Vietnam, with over 600 units sent to Russia and 400 to Vietnam. The country’s 3 engines were exported for the first time, securing over 450 orders in Kazan’s Russian bus fleet. The YC4108 achieved a major breakthrough in Vietnam, with over 3,400 units exported—a 2.6 times increase from the previous year, capturing over 90% of the local 5-ton truck market.
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