Thailand is a country with strong ethnic customs. It uses agriculture, tourism, and minerals as its pillar industries. In terms of transportation, on average, every three people own a car. It is a country with more cars per capita. However, Thailand does not have its own automotive industry. Most cars are imported from Japan or imported from Japan. For assembly. Yuchai’s Thailand office administers Thailand and Myanmar. Li Changlin, director of the office, said that Thailand is a world-famous tourist country. Tourism revenue occupies an important position in the Thai economy. Therefore, air quality and environmental protection are more important, and the government is green. The car gave strong support, CNG engine import tariff was zero, Thai diesel price was >40铢/l, and CNG8.5铢/KG, which was very cheap, and the market demand for CNG conversion was very large.
At present, there are about 4.3 million trucks in Thailand. If there is a 5% conversion, only this one has more than 200,000 units. The market potential is very large. Yuchai has set up branch offices in Thailand. Its current business focus is on converting diesel vehicles into natural gas vehicles to achieve green emissions. It is also actively following up on services, enabling Yuchai's high-quality services to be fully reflected in foreign countries.
Yuchai has accelerated the pace of internationalization and has taken full consideration of the institutions and mechanisms. It strives to achieve export volume of 10%-20% of annual sales and sales for 2-3 years. It strives to achieve export volume of 30% in 5 years. Above, the internationalization of the Yuchai brand, the internationalization of products, and the internationalization of the production base have been achieved.
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