Weichai Power Yangchai Company: The output value will exceed 10 billion by 2020

“What we have before us is a development plan for the next 10 years. By the end of 2020, we will have a scale of 1 million units, and the output value will exceed 100 billion yuan.” Chen Zeyang, deputy chief engineer of Weichai Power Yangzhou Diesel Engine Co., Ltd., is about to start construction. On the construction of the new site, she said with confidence.

Confidence comes from Yangchai’s capital and technology advantages after joint venture restructuring. In February of this year, after a joint venture with Yangchai, Weichai Power invested in the introduction of two series of nine products from the world's leading Italian VM company and built a brand new product development platform. Yangchai, who has been focusing on mid- and low-end markets such as agricultural machinery and light trucks, will take this opportunity to share cakes in the high school market to increase market share.

At present, the new products are in the digestion and absorption stage of the drawings and will begin the “localization” transformation. “Yangchao will make the most possible use of domestic resources to produce the most advanced high-end engines in the country and break the monopoly of the high-end engine market.” Chen Zeyang said that the newly-developed engine products have more stable performance, more prominent energy-saving and emission-reduction effects, and noise. Decibel will also be greatly reduced. It is expected that before and after the “11,” 10 sets of “localization” prototypes will be produced, which will be put into the market in small batches by the end of this year and will be produced in large quantities next year.

Simultaneous with technological innovation, Yangchai's reorganization has increased the pace of scale expansion. At the end of July this year, Yangchai will invest 400 million yuan to build a new factory building with an area of ​​about 200 mu, including processing and assembling workshops, foundries and maintenance centers. At present, the preliminary work such as land leveling is basically completed, and it is about to enter the stage of civil construction. After completion, the total area of ​​the Yangchai plant will reach 650 acres, and the number of employees will increase from 1,400 to 6,000.

"As far as the current development situation is concerned, it is equivalent to creating a new Yangchai." The relevant person predicts that after all the new plants are put into use, Yangchai can form an annual output of 500,000 units in 5 years, and the output value will reach 6 billion yuan. The Yangtze River Delta Auto Parts and Ship Power System Manufacturing Center; in 10 years, the annual output will reach 1 million units, the output value will exceed 10 billion yuan, and it will be among the top 10 billion yuan enterprise clubs in Yangzhou.

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