Yuchai New Energy Special Vehicle Construction Project The project is divided into two phases. The first-phase construction period is 2 years, and the construction is completed in December 2019. It will form a production capacity of 20,000 pure electric commercial vehicles; the second phase will start construction in 2021 and be completed in December 2022, and will be completed after completion. To form a comprehensive new energy automobile production base that integrates R&D, manufacturing, sales, and service of 50,000 pure electric commercial vehicles and parts annually. The annual taxable income will be approximately 6.84 billion yuan, and the total profit will be 940 million yuan. The income tax paid was 230 million yuan.
Build a new energy automotive industry chain
In March 2017, the government of Guangxi Autonomous Region released the “Second Implementing Plan for Guangxi Machinery Industry†and proposed to speed up the development of “two enterprises and three cities†(that is, accelerating the development of Yuchai Group and Liugong Group, and accelerating Nanning, Liuzhou and Yulin. Three Smart Manufacturing City Buildings). Yuchai Group seized the opportunity of the country to vigorously promote the development of the new energy industry, conscientiously implemented the various measures of the "Guangxi Machinery Industry Second Entrepreneurship Implementation Plan", optimized and adjusted the industrial layout, and set up Yuchai New Energy Special Vehicle Project, which will specialize in Vehicles for use, urban logistics vehicles, and sanitation special vehicles are entry points, relying on the existing research and development of new energy sources and the basis of new energy vehicle production platforms, integrating Yuchai Group's internal and regional resources, and utilizing Yuchai’s system research and development, talents, brands, etc. With its advantages, it will vigorously develop its new energy vehicle business, actively invest in the core components of new energy vehicles in the upper reaches, expand the product categories of new energy vehicles in the middle reaches, and deploy photovoltaic power stations and fast charging piles and power stations in the downstream to build a new energy automotive industrial chain.
The Yuchai New Energy Special Vehicle Construction Project will be the first project to be built in Guangxi Advanced Equipment Manufacturing City (Yulin), which will play an important role in promoting and demonstrating the investment promotion and construction of Guangxi Advanced Equipment Manufacturing City (Yulin). At the same time, the construction of this project is also the internal requirement for the second venture, transformation and upgrading of Yuchai Group. It is the strategic focus of the Group's “Thirteenth Five-Year Plan†and will help the Group to strengthen its new energy business segment and cultivate a new core. Competitive Advantage.
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