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Yuchai Group produced and sold over 100,000 diesel engines in the first quarter
In the first quarter of this year, Yuchai Group reported a strong performance, with cumulative production of over 109,000 diesel engines and sales reaching more than 101,000 units—marking a 15% increase in production and a significant 33% rise in sales compared to the same period last year. This growth reflects the company’s improved operational efficiency and stronger market demand.
According to recent data, Yuchai Diesel Engine Co., Ltd. produced over 89,000 units and sold more than 80,000 during the quarter. Notably, in March alone, the company manufactured over 36,000 units and sold more than 37,000, setting a new monthly sales record. This impressive performance highlights the company’s growing momentum and its ability to meet rising customer demand.
Yuchai Group’s strong start in 2024 can be attributed to its long-term commitment to self-driven development, continuous innovation in product design, and strategic management reforms. These efforts have propelled the company onto a fast-track growth path. However, as Yuchai continues to expand, it is also becoming increasingly aware of the fierce competition both domestically and internationally. Major Chinese competitors are also advancing rapidly, while foreign players have fully entered the Chinese market, intensifying competition and pushing companies like Yuchai to find their unique advantages and secure a stronger market position.
To stay ahead, Yuchai launched the concept of “green development and win-win cooperation†at the beginning of the year. The company developed a more scientific, comprehensive, and efficient production and marketing strategy, optimized its management team and sales force, and seized the opportunity provided by the business conference and special product exhibition to actively capture market share.
Additionally, the construction of Yuchai Industrial Park officially began in March, signaling the company’s focus on the automotive and engineering machinery sectors. This project aims to accelerate industrial economic growth and establish Yuchai as one of the world’s largest diesel engine production bases.
Yuchai has a strong track record of success, including winning the "China Brand Annual Award NO.1" (Internal Combustion Engine) in 2007, which further reinforces its reputation in the industry.