CCTV Makes a Special Report on the Reform Achievements of Yuchai Group

 www.chinaspv.com:Recently, the program Economic News of CCTV Finance Channel (CCTV-2) made a series of special reports named “Struggle for Five Years to Deepen Reform”. In the report of July 24, with “Green Power Leads the Upgrading of ‘Made in Guangxi’” as the title, this special report featured the reform achievements made by Yuchai Group.

It was reported that Yuchai Group once was an unknown plant producing simple farm tools, and then became the largest independent diesel engine manufacturer in our country through persistent endeavors. Over recent years, Yuchai Group has continuously promoted the capability of independent innovation and upgraded the product technology, in order to build “Made in Guangxi” into a Chinese benchmark for green power and intelligent manufacturing.

According to the report, in 2016, the sales revenue of marine & G-drive engine products with majority of YC12VC increased by 57.02% compared with the same period of last year. The total sales volume of ship engine and market share ascended to the first place in the industry. The dynamic performance, fuel economy and operation reliability of the products have reached the international advanced level. The fuel consumption has reached the level of international famous brands and 15% lower than that of domestic counterparts. Now, Yuchai Group is working with foreign research institutions to develop a new generation of Euro VI engines with the world’s highest standards. With the recovery of engine market, 125,000 sets of Yuchai engines were produced and sold in the first quarter of this year, increasing by 35% compared with the same period of last year.

Over recent years, with the continuously deepening reform of Yuchai Group, the benefits of reform have been increasingly prominent. For example, great progress has been made in the field of the R&D of Euro VI engine, intelligent manufacturing and overseas sales, which promote and lead the transformation and upgrading of Guangxi’s manufacturing industry and introduce the most advanced engine products of China to the world. The reform achievements made by Yuchai Group drew extensive attention of media. Many mainstream media outlets, such as People's Daily, Economic Daily, Guangxi Daily, Guangxi TV have made in-depth reports on Yuchai Group for many times.

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